March 24, 2024
Stocks No Proof of a Strong Economy
Steven Chase
The bottom 80% of Americans own <5% of stock market wealth.
The bottom half own statistically zero.
"THE TOP 10% OWN 93% OF ALL THE STOCK MARKET WEALTH". - Federal Reserve Bank in Fortune Magazine. MARCH 2024
REMINDER: the last time the FED raised rates to fight inflation was in July or 2023, NINE MONTHS AGO. They have given up and are taking orders from the wealthiest elite.
Anyone who pays attention to stock prices as a barometer of how normal everyday Americans are doing is completely missing how most people live.
The bottom 80% of Americans own <5% of stock market wealth.
The bottom half own statistically zero.
"THE TOP 10% OWN 93% OF ALL THE STOCK MARKET WEALTH". - Federal Reserve Bank in Fortune Magazine. MARCH 2024
REMINDER: the last time the FED raised rates to fight inflation was in July or 2023, NINE MONTHS AGO. They have given up and are taking orders from the wealthiest elite.
Anyone who pays attention to stock prices as a barometer of how normal everyday Americans are doing is completely missing how most people live.
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