"If we set aside the supervisory class and professionals on payrolls, the great underclass is composed of many no better off, with the rest worse off during 10 yrs of so-called 'recovery.' Wage growth for non-supervisory workers is getting worse, not better, when adjusted for inflation." Harald Malmgren "They [the Banks] are less leveraged but have larger balance sheets. The risk is in the gross, not the net. When times are calm, no capital is needed. When panic begins, no amount of capital is enough." Jim Rickards “And the banks - hard to believe in a time when we're facing a banking crisis that many of the banks created - are still the most powerful lobby on Capitol Hill. And they frankly own the place.” Dick Durbin “Remember when nurses, caregivers, teachers and students crashed the stock market, wiped out banks, took billions in bonuses and paid no tax? No, me neither.” Fuad Alakbarov “In economics, it is often professionally better to be associated with highly respectable error than uncertainly established truth. Wealth is the relentless enemy of understanding.” John Kenneth Galbraith
