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Half of my salary is in RSUs which are pumped up in value thanks to J.Powell and Co. Sure my base salary raise sucked but I can't complain too much. I don't k
by 01100011 5y ago
Half of my salary is in RSUs which are pumped up in value thanks to J.Powell and Co. Sure my base salary raise sucked but I can't complain too much. I don't know why blue collar folks aren't rioting in the streets though. The Fed is absolutely screwing them in favor of the asset owning 1%(who, arguably, have a gun pointed at the economy's head and have to be placated somewhat).
My only complaint is that I have a large cash pile because I was, prior to massive asset inflation, looking to buy a house. The fed is taking money out of one account and putting it into another as far as I'm concerned.
- giantg2 5y agoI think there's a long history there since at least the 70s - "normal" people not getting cost of living adjustments.
- 01100011 5y agoSure, look at the wealth gap. "Normal" people have been getting screwed since the late 60s. But they apparently don't complain much, so business as usual will continue unabated.