About tr6


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In United States
Registered Jul 29, 2011

tr6's most recent comments:

  • On Tue, 14 Apr 2015, 1:38pm PDT in TARP: Saved the economy and earned a profit while doing so, tr6 said:

    iwog says

    I see absolutely no way the fed increased wealth disparity

    I hope it's becoming clear to everyone on the forum that you are an absolutist until you change your mind and then you are an absolutist the other way.

    iwog says

    If I lose 50% of my net worth due to a stock market crash and you lose your job, wealth disparity has gone to infinity.

    True for one to one person comparison, but 100% of 0.1% lost 50% of their wealth and only 5% of the middle class lost their jobs so overall wealth inequality was better in 2009 than now.

  • On Tue, 14 Apr 2015, 1:13pm PDT in TARP: Saved the economy and earned a profit while doing so, tr6 said:

    TARP was paid back because of the financial repression banks could impose on savers by paying them 0 and charging everyone else more than 0. In 2008 when Merrill was stealing the bonus payments, real interest rates were still positive so there was no financial repression yet.

    iwog says

    They also fight wealth disparity through ownership of their home

    So why has home ownership rate been declining since 2008?

    iwog says

    The 2008-2009 government and federal reserve policy MITIGATED the increase in wealth disparity

    Top 0.1% have over 60% of their wealth in financial assets which have outperformed real estate and wages by a lot since 2009. Tell me again how Fed response mitigated wealth disparity from increasing? http://www2.ucsc.edu/whorulesamerica/power/investment_manager.html

  • On Tue, 14 Apr 2015, 9:49am PDT in plotting 500 companies on a map, tr6 said:

    I think the the map is useless. I would rather see you fusion table with any extra metadata about the companies such as industry, amount of capital raised, etc.

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