Relevant:
- Looking into the Japanese real estate mirror: Residential home prices in Japan back to levels last seen 30 years ago in spite of near zero percent mortgage rates.
- Census Bureau: Median Incomes Rose And Poverty Levels Fell In 2016 (BUT... METHODOLOGY CHANGED)
- Households owe record amount, topping pre-recession peak
- Percentage of Americans Living in Poverty Rises to Highest Level Since 1993
- Don't Buy This Dip: The Fed Is Not Your Friend - David Stockman
2012-09-13 — mybudget360.com
It should be no surprise that the Fed is slapping on the debt buying rocket boosters via QE3 when yesterday it was announced that the poverty rate is at generational highs and also, household income is back to levels last seen in 1995. Aside from the reality that we have already had QE1 and QE2, who is really coming out ahead here?
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