Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...

Subscribe Log in

Gold & Silver Prices

Home>Opinions and Analysis>The Distribution of Economic Pain From the Financial Crisis in One Chart

Articles NewsFlow Gold & Silver Prices Market Briefing

The Distribution of Economic Pain From the Financial Crisis in One Chart

IMG Auteur

Jesse

Le Cafe Americain

Published : November 12th, 2012

121 words - Reading time : less than a minute

( 1 vote, 5/5 )

Print article

Article

Comments

Comment this article

Rating

All Articles

0

Send

0

comment

Our Newsletter...

FOLLOW : Collapse

Disclaimer

Category : Opinions and Analysis

No wonder the wealthiest ten percent feel so clever, and even perhaps triumphant.

The collapse caused by the widespread banking fraud has barely affected them, whereas it wiped out most of the last ten years of growth in the middle class and the poor.

In my considered opinion this is largely the result of policy and tax decisions that have been made by the government over the past twenty or more years, in which they fostered a financially predatory economy.

Financial bubbles are often wealth transfer mechanisms, and in this case it appears that you can also keep what you kill.

From Amir Sufi, Professor of Finance at the University of Chicago.

Net Wealth Shock in US, by Net Worth Percentile

Previous article

Rate :

Average note :5 (1 vote)

IMG Auteur

Jesse 13 abonnés

All his articles

Visit Jesse's Cafe Americain for refreshing news on the markets

His latest articles

The Overreach of Power and Privilege

The Madness and Illusions of the Exceptional

Similar articles you might enjoy :

The Overreach of Power and Privilege

Gold: Structural Inflation & The Roaring 2020s

Comments closed

All

Favorites

Best Rated

Latest comment posted for this article

Be the first to comment

Add your comment

Top articles

Services

	RSS feed		24hGold Mobile
	Gold Data Center		Gold & Silver Converter
	Gold coins on eBay		Silver coins on eBay
	Technical Analysis		Fundamental Analysis

World PM Newsflow

ALL

04:24Design and field evaluation of hydraulic fracturing boreholes for terminal mining faces Nature de la Monnaie

04:22Rinehart sees red over mine drama - Roy Hill Royhill

04:17Tectonic tests Flat heap leach potential - North of 60 Mining News Miningnewsnorth

03:54Heartbreaking Tragedy In Penang: 14 Pet Dogs Killed In House Blaze - The Rakyat Post Therakyatpost

03:16

Heritage's September Long Beach US Coins and Currency Auctions Top $22 Million Coinnews - Nature De La Monnaie

GOLD

04:24Design and field evaluation of hydraulic fracturing boreholes for terminal mining faces Nature de la Monnaie

04:22Rinehart sees red over mine drama - Roy Hill Royhill

04:17Tectonic tests Flat heap leach potential - North of 60 Mining News Miningnewsnorth

03:54Heartbreaking Tragedy In Penang: 14 Pet Dogs Killed In House Blaze - The Rakyat Post Therakyatpost

03:16

Heritage's September Long Beach US Coins and Currency Auctions Top $22 Million Coinnews - Nature De La Monnaie

SILVER

19 Sep

Extension of TransAsia Debt Facility | INN - Investing News Network Silverinvestingnews

19 SepWaterford revival: the reinvention of Ireland's oldest city | Australia - Head Topics Headtopics

19 SepPhoenix Copper Ltd - Phoenix Publishes PFS for Empire Open-Pit Mine - Research Tree Research-tree

19 SepFresnillo (OTCMKTS:FNLPF) Share Price Passes Above Fifty Day Moving Average of $7.29 Marketbeat

18 SepMountain town of 300 residents dubbed 'best hidden gem' in Colorado - Denver Gazette Denvergazette

PGM & DIAMONDS

27 Mar

Explorer Platinum Creeping Closer into Lincoln Wheels.ca

27 Mar

Kylie Jenner Shows Off Platinum Blonde Hair In Racy Snap Marie Claire

27 Mar

FC Platinum, Ngezi Platinum, Bosso lead the way The Daily News

27 Mar

Super Robot Wars X Trophies Reveal Endings, Has a Platinum PlayStation LifeStyle

27 Mar

Kylie Jenner Goes Platinum Blonde Amid Claims She Wants To Be A ‘Hot’ Mum MTV UK

OIL & GAS

27 Mar

Oil tips higher as questions over Iran deal persist MarketWatch

27 MarCrude Oil Holds Near 7-week Highs London South East

27 Mar

Husky Energy Faces Canadian Charges Over 2016 Oil Pipeline Spill E&P Magazine

27 Mar

‘Single biggest change in capital markets’: China launches oil futures that could topple dollar Calgary Herald

27 Mar

3 Top Oil Stocks to Buy Right Now Fox News

OTHER METALS

01 MarKincora Copper completes prospectus for proposed listing on the Australian Securities Exchange Yahoo

27 Mar

Nickel prices trading sideways India Info Line

27 MarIndia Nickel Scrap prices drop in line with MCX Nickel Scrap Register

27 Mar

Technology shares lead US equities rebound FXstreet

27 Mar

FORECAST: Copper, nickel to outperform; zinc prices likely to peak in mid-2018 – Victorem Metal Bulletin

Contact us

Privacy policy

Disclaimer

About us

copyright 24hGold