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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 393.24+1.1%Dec 11 4:00 PM EST
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To: Ilaine who wrote (81489)10/16/2011 4:29:57 PM
From: Cogito Ergo Sum3 Recommendations  Read Replies (1) of 218430
 
A quick skim shows this statement... top two income quintiles, those with an annual household income exceeding $60,000

What is a household.. ? 2, 3, 4, more.. quite a difference.. and in the case of more than two earners.. individually that's not much eh ? plus add kids.. care for them if both parents working..
comes back to something discussed here before.. 60K in Toronto for a family of 4... is far from affluent.... not close.. so that data is just as much a fast one IMO.. you need to break it out far better than household... 60K is affluent because the second best quintile makes that much ?

bottom line is crisis abetted by your government.... little folks don't get bailed out and take it on the chin.. while perpetrators rise off into the sunset at worst with nice severance packages worth lifetimes of the second from the top 'household' income..

Something is not right..

When the US is called the richest coutry in the world... do we toss out the Gates, Buffets, Chambers, Jobs group first ? Maybe the US is not a very rich country then .. if we likewise do that... just a few pockets of extreme wealth that skew that fact ?
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