We're living through the roaring '20s for asset owners, and the Great Depression for the asset-poor, particularly young people.Allocate to bitcoin like your life depends on it. ...

RT unusual_whales (@unusual_whales)The 400 richest people in the U.S. are now worth a record $6.6 trillion after getting $1.2 trillion richer over the past year, per MorePerfectUnion ...

The luxurious lives of Nepal's super-wealthy are in stark contrast to the struggles of ordinary citizens, writes @mihirssharma (via @opinion) https://t.co/eyjUjv7wPx ...

Newly released data shows that US household net worth jumped by $7 trillion in Q2 of this year alone. In other words, for three straight months, US households added an average of $79 billion in net worth every day. As a result, the rich are getting much richer.Now, currently, the bottom 50% of US households, they hold just 2.5% of total US wealth. In fact, the top 1% now holds $40 trillion more wealth than the bottom 50% combined. The stock market just drove historic returns over the last 5 months.It made r ...

S&P 500 all-time high.Nasdaq all-time high.Rate cuts incoming.It is imperative we convince every American to become an investor or they will suffer on the wrong side of the wealth inequality divide. ...

Federal Reserve's Role and Policy - The Federal Reserve is perceived to have become too powerful and political, with calls for fundamental changes to its operations [3][4][6] - There is a concern that restrictive interest rates imposed by the Fed inhibit access to capital for the private sector, particularly during economic transformations favoring small and medium-sized businesses [6][7] - The Fed's actions during financial crises, such as in 2008, are questioned, with a belief that it failed to foresee the crisis and that its independence is crucial for effective crisis management [10][11][17] Interest Rates and Economic Impact - The current low-interest-rate environment is debated, with suggestions that it may have persisted too long and that the Fed's role in managing interest rates is not appropriate for a free market economy [19][21][22] - The Fed's approach to monetary policy is criticized for exacerbating wealth and income inequality, leading to societal resentment [25] Banking Sector Dynamics - Banks are under pressure to maintain high reserves rather than lending, which affects their profitability and relationships with clients [8][9] - The profitability of banks is linked to their ability to manage cash reserves effectively, which complicates their willingness to adjust to changes in Fed policy [9] Political Influence and Independence - The politicization of the Fed is a concern, as political pressures can complicate its ability to act independently during crises [10][20] - Historical examples, such as Paul Volcker's actions in the 1980s, illustrate the challenges faced by central banks when political interests conflict with necessary economic measures [14][16]

Let's talk about a tale of two economies. Uh we we talked about it uh in the Biden era where we kept talking about how the numbers uh looked so great for for the US economy compared to the rest of the world and yet a lot of people hurting uh in middle America, a lot of people hurting uh across the country. Uh and a lot of Americans pessimistic.That helped defeat Kla Harris. Uh how has that changed or are they still pessimistic. They're still pessimistic.And let me start with a poll that you guys referred to ...

South Africa has set up a panel to tackle extreme wealth inequality as part of its Group of 20 chairmanship, a step that may irk the US https://t.co/k0ynlZ4XEy ...

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How the 0.1% eat https://t.co/gejh5MjtEr ...