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“Wealth Effect” = Widening Wealth Inequality

Authored by Charles Hugh Smith via OfTwoMinds blog, Note that widening wealth and income inequality is a non-partisan trend. One of the core goals of the Federal Reserve's monetary policies of the past 9 years is to generate the "wealth effect": by pushing the valuations of stocks and bonds higher, American households will feel wealthier, […]


For The First Time Ever, The Richest 1% Own More Than Half Of The World’s Wealth, Or $140 Trillion

Today Credit Suisse released its latest annual global wealth report, which traditionally lays out what has become the single biggest reason for the recent "anti-establishment" revulsion: an unprecedented concentration of wealth among a handful of people, as shown in Swiss bank's infamous global wealth pyramid, an arrangement which as observed by the "shocking" political backlash […]


For The First Time Ever, The Richest 1% Own More Than Half Of The World’s Wealth

Today Credit Suisse released its latest annual global wealth report, which traditionally lays out what has become the single biggest reason for the recent "anti-establishment" revulsion: an unprecedented concentration of wealth among a handful of people, as shown in Swiss bank's infamous global wealth pyramid, an arrangement which as observed by the "shocking" political backlash […]


The ‘Koyaanisqatsi’ Economy

Authored by Raul Ilargi Meijer via The Automatic Earth blog, The film Koyaanisqatsi was released in 1982. The title means ‘life out of balance’ in the language of the Hopi, a Native American tribe who live(d) mainly in what is now north-east Arizona. It is directed by Godfrey Reggio with music by Philip Glass and […]


Fed Stunner: Top 1% Of Americans Are 70% Wealthier Than The Bottom 90%

Today, the Federal Reserve released its triennial Survey of Consumer Finances (SCF) which collects information about family incomes, net worth, balance sheet components, credit use, and other financial outcomes.  A superficial flip through the first few pages of the 2016 SCF as most will do, reveals “broad-based gains in income and net worth since the […]


The Rich Get Richer: America’s Top 1% Now Control 38% of the Wealth

Real estate prices in many of the top zip codes in America have doubled over the past 5 years. In some hotter markets in California, gains are in excess of 200%. The tech heavy NASDAQ is +121% over the same time period, helping buoy the richest amongst us to new heights. According to Forbes’ Cost […]


Visualizing America’s Rampant Racial Wealth Inequality

Even though the United States is on course to become "majority minority" by 2044, Statista's Niall McCarthy notes that the country still has a huge and growing racial wealth gap. A new study by Prosperity Now and the Institute for Policy Studies has found that white households in the middle-income quintile own nearly eight times as much […]