Kenyan Economics: The Stock Market Doing So Well While Millions of Middle-Class People Are Being Pinched By Stagnating Incomes And The Increased Cost of Living! They Are Now Raiding 401(k)s To Pay Bills At Alarming Rate, Boston, Washington DC And New York Are Seeing Homeless Numbers Surge, Worst Since The Great Depression!!
March 6th, 2013
Why There’s a Bull Market for Stocks And Bear Market for Workers
The corporate recovery.
Wednesday the Dow Jones Industrial Average rose above 14,270 – completely erasing its 54 percent loss between 2007 and 2009.
The stock market is basically back to where it was in 2000, while corporate earnings have doubled since then.
Yet the real median wage is now 8 percent below what it was in 2000, and unemployment remains sky-high.
Why is the stock market doing so well, while most Americans are doing so poorly?
Comparison between October 2007 and today