3 ms·
Wow, you can really see the top 1% being affected by major financial events: '92 recession, '01 dot bomb, '09 global financial crisis. Meanwhile, the bottom 50%
by yardie 5y ago
Wow, you can really see the top 1% being affected by major financial events: '92 recession, '01 dot bomb, '09 global financial crisis. Meanwhile, the bottom 50% is just a slow downward slide, not majorly affected by any of those.
- m_ke 5y agoWait till you see the impact of quantitative easing and the K shaped recovery: https://static01.nyt.com/images/2021/07/09/us/covid-fed-qe-promo-1625877657147/covid-fed-qe-promo-1625877657147-videoSixteenByNineJumbo1600-v3.png https://static01.nyt.com/images/2021/07/09/us/covid-fed-qe-p... https://www.nytimes.com/interactive/2021/07/12/opinion/covid-fed-qe-inequality.html https://www.nytimes.com/interactive/2021/07/12/opinion/covid...