Economy, #OWS and ‘Recovery’
Corporate profits bounced back impressively since 2009, but between June 2009 and June 2011, real household median income fell 6.7 percent.
When you read things like this, is it really so surprising that people are marching in the streets? The economy is recovering slowly, but with weak job growth and hard credit it’s only helping those that were already doing ok.
What I’m really afraid of is that this is still too positive for the opposition and we’re due for another debt-ceiling-like event to shake confidence.
Posted in Economy by Matt at October 14th, 2011.