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Tenpoundbass
2012 Aug 30, 3:44am
Tenpoundbass
2012 Aug 30, 3:44am
Of course all of the QE thievery was going on, while the OWS protestors were blaming the nameless 1% i.e. the (White)republicans, less they confuse Ben and Tim for Liberals.
This is like blaming a condo pooch for having the physique of Independence day celebration prized water melon, but not saying anything to Ruth Goldstien for feeding him 8 times a day.
http://economistsview.typepad.com/economistsview/2012/08/who-benefits-from-qe.html
By pushing up a range of asset prices, asset purchases have boosted the value of households’ financial wealth held outside pension funds, but holdings are heavily skewed with the top 5 per cent of households holding 40 per cent of these assets.