The new reality of a post-stimulus world:
Rich people have gotten richer and continue to spend more than everyone else.
Currently, the top 20% of incomes account for almost 40% of consumer spending.
Meanwhile, the second lowest and lowest income quintiles account for just 21% of consumer spending.
This is exactly why many consumers feel like the economy is bad. But yet the stock market is ripping. Wall Street is not equal to Main Street!
All while we have the most unaffordable housing market in history with inflation still above 3%.
Affordability is horrible for most people.
It is not the world our grand parents lived in. That's for sure. I feel there are a ton of ghost companies out there that will go away soon. No one can afford anything. Stock market is all over inflated nonsense. crazy times.
Yup the bubble of all bubbles. Except for Bitcoin, right?
All signs point to yes.. I feel like we are in the right place.
Yup Satoshi built this after the housing bubble to F the banks. Let’s complete the mission!
Don't buy crap.
Especially this crap
https://m.stacker.news/21586