{{
`${userDetail.user.displayName}${userDetail.user.cachedBungieGlobalDisplayNameCode ? `#${standardizeBungieGlobalCode(userDetail.user.cachedBungieGlobalDisplayNameCode)}` : ""}`}}
{{getUserClans()}}
1/28/2016 3:52:09 AM
1
Wrong. They invest in assets, resulting in inflated asset values, even as consumer goods and services are experiencing deflation as a result of the dying middle class. Did you know that home ownership is at 60 year lows, even though house prices have returned to pre-recession heights? Because the Federal Reserve with its low interest rates and quantitative easing program orcestrated an even further shift of wealth to the top 1%,.
English
-
I'll agree with everything you said about the fed (end the fed!) but to say all wealthy people invest the same way is narrow minded. People invest their money in various ways. Even if they invest in bonds (an asset) that's lending money to companies to grow which creates jobs.
-
Not in this environment. In this environment major corporations are very averse to capital investment. Consumer goods are experiencing deflation because of the dying middle class; as a result, corporations are unwilling to invest in new projects, because the goods that they will eventually produce will be worth less than the investment. Once the inequality reaches this point, the only source of yield that the wealthy can chase is speculation on assets.
