The US Economy in Two Headlines

Here’s a quote from the first story,

Wealthy households and individuals are pouring money into asset managers, betting on companies that lose $1 billion a year, bonds from little-known Middle Eastern republics, and giving hot Silicon Valley start-ups more venture capital than they can handle.

And private equity has seen so much cashflow that firms have $2 trillion of unused capital.

Axios, Dion Rabouin, Jun 6, 2019 – Too much money (and too few places to invest it)

Here’s a quote from the second one,

“Relatively small, unexpected expenses, such as a car repair or replacing a broken appliance, can be a hardship for many families without adequate savings,” the report said. “When faced with a hypothetical expense of $400, 61% of adults in 2018 say they would cover it, using cash, savings, or a credit card paid off at the next statement,” it added.

Bloomberg, Matthew Boesler, May 23, 2019 – Almost 40% of Americans Would Struggle to Cover a $400 Emergency

43% of Texans (and about that many Americans) are poor. Explain to me again how we cannot afford to deliver a dividend to those people, the half of America that is poor, that is struggling (if you must insist on soft language instead of harsh reality) we could make them have to struggle less, at the very least. Or is suffering what you really want your fellow humans to do?

From a Twitter reply.

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