Friday, February 26, 2010

Chart on Unprecedented Income Inequality (post 1930s)

http://seekingalpha.com/article/189649-wealth-disparities-in-u-s-approaching-1920s-levels?source=from_friend

A consumption based economy cannot thrive with this level of inequality. Additionally, inequality results in money being wasted on "policing" the dispossessed.

It appears that worsening inequality is contributing to the collapse of "recovery."
Cumulative railroad carloads to date in 2010 are down 17.2 percent from 2008.
http://seekingalpha.com/article/190828-rail-freight-data-still-no-signs-of-recovery

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