...the average Joes investment portfolio and home value has steadily increased...
Most people (me included) get turned around when the words 'median' and 'average' are on the table.
Our always truthful friends at the Census.gov (/sarc) say we're getting increasing income inequality so that means the median incomes (half richer & half poorer) is becoming smaller and smaller relative to the size of the average incomes (total incomes divided by population). So what we're hearing from the press is that this is some kind of new thing, but reality is that it's been going on for decades.
imho income inequality is a good thing. Only a Marxist would want everyone to get paid the same amount.
Watson the game's afoot! While this morning's futures are cautious w/ metals up and stocks weak, Market Watch said it best: "Get ready for 48 hours and a little more of the most intense outpouring of information on the U.S. economy youre likely to ever see." (econ calendar here) This morning's buzz:
imho income inequality is a good thing. Only a Marxist would want everyone to get paid the same amount.
Goes against nature and the law of supply and demand: how many people can do heart surgery, vs. how many people can do burgers.
So you need a heart transplant? Go to McDonalds.
5.56mm