Wednesday, September 30, 2015

What Recovery? 9.4 Million More Americans Below Poverty Line Than Pre-Crisis.....ANOTHER PESKY FACT!

What Recovery? 9.4 Million More Americans Below Poverty Line Than Pre-Crisis

Despite the Fed continuing to kick this down the road, they continue to claim that we are in the middle of an ongoing recovery. There's just one problem with that: things are getting worse than pre-crisis levels for millions of Americans. Possibly even more concerning is the fact that the amount of Americans living below the poverty line has soared since 2007.

Seven years later, and we are starting to see the fruits of this experiment especially in terms of wealth inequality. Studies and economists are starting to sound off, noting that QE and ZIRP have been a failure.


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