Author Topic: Ratio of Wealth to Household Income Gap  (Read 524 times)

PeteWaldo

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Ratio of Wealth to Household Income Gap
« on: October 22, 2014, 04:38:29 PM »
Reported on CNBC on the 21st at this brief video link.
http://video.cnbc.com/gallery/?video=3000322221&play=1

From the Federal Reserve data, the "wealth to household income gap" has not been this high since 1929 (only close to this level in 2007 and a little less close in 1999). From the video:  "Credit Suisse says: 'This is a worrying signal given that abnormally high wealth income ratios have always signaled recessions in the past.'":