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I assume this is a reaction to the release of the Federal Reserves Survey of Consumer’s Finances 2010 that found that the American people lost an average of 39% of their net worth to the latest lesson in why the financial markets aren’t self-regulating, the Great Recession. But don’t worry about the lads from Wall Street who caused the mess. Their net worth actually increased. We don’t know by how much. The study only broke out the top 10% of households.
I assume this is a reaction to the release of the Federal Reserves Survey of Consumer’s Finances 2010 that found that the American people lost an average of 39% of their net worth to the latest lesson in why the financial markets aren’t self-regulating, the Great Recession. But don’t worry about the lads from Wall Street who caused the mess. Their net worth actually increased. We don’t know by how much. The study only broke out the top 10% of households.
And yet people are still slow to catch on. Amazing…
Buy bank stocks and mobile home stocks. If Romney wins, double down. This is all contingent on your having retained enough from the last “downturn”.
Evidence schmevidence. Free market rules!