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Four Charts Prove The 'Economic Recovery' Is Just A Fed-Induced Entitlement Program For The Wealthy

Four Charts Prove The 'Economic Recovery' Is Just A Fed-Induced Entitlement Program For The Wealthy

"Economic recovery" in America no longer means what it used to mean.  Historically "economic recovery" was largely characterized by job and wage growth, distributed across the income spectrum, and a rebound in GDP growth to north of ~3%-5%.  These days, the notion of "economic recovery" has been hijacked by the Fed and bastardized in such a way that they celebrate "asset bubbles" rather than real growth in economic output.

Presented as 'exhibit A', here is the Fed's modern-day definition of "economic recovery" (chart per Bloomberg):

Drugmaker Raises The Price Of Vitamins By 800%, Makes Shkreli Blush

Drugmaker Raises The Price Of Vitamins By 800%, Makes Shkreli Blush

Avondale, a secretive Alabama-based drugmaker, has gained unwanted national attention after the company increased the price of a bottle of vitamins to almost $300 that can be bought on the internet for $5.

In the latest example of price-gouging in America’s lightly regulated pharmaceutical industry, records show Avondale inflated the price of Niacor, a prescription-only version of niacin, by “809 percent last month, taking a bottle of 100 tablets from $32.46 to $295”, according to the Financial Times.

Jim Kunstler: "You Can See Where This Has Been Going..."

Jim Kunstler: "You Can See Where This Has Been Going..."

Authored by James Howard Kunstler via Kunstler.com,

Taking Liberty

You can see where this has been going...

The wholesale un-personing of “powerful men” in the arts, media, and politics for sex “crimes” ranging from rape to stealing a kiss communicates a hunt up the food-chain that leads to the Golden Golem of Greatness tweeting his wicked id out in his White House lair. The barely suppressed thought behind all this is that Donald Trump raped America… and now he must be found guilty of it… and pay!

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