Posted on Nov 10, 2014
SFC Chemical Biological Radiological and Nuclear Operations Specialist
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This is the first time since 1929 this has happened.

Wait... there is something familiar about that year...

http://www.economist.com/blogs/graphicdetail/2014/11/daily-chart-2
Posted in these groups: Wealth logo WealthAmerican history logo American History
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MAJ FAO - Europe
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SFC (Join to see) Thanks for posting--I do appreciate the use of academic/journalistic reference, so often lacking here on RallyPoint. Not sure your comparison between 1929 and 2014 is spot-on, but your point (and the article's point) about wealth disparity is well taken. Soaring consumer debt weakens the middle-class, and the super-rich are super-rich without "building businesses" or anything concrete (ie, Zuckerberg and Paris Hilton, as referenced in the article, and bit unfair to both, as what these two have built, besides fortune, could arguably be seen as concrete).
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