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Panthro

The Economy is Horrible....

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Panthro    10,016

said not a single billionaire

This year Forbes has uncovered a record 1,426 billionaires. That is 200 more than we found in 2012, another record breaking year. It’s also nearly ten times as many as Forbes pinned down in 1987, the year we began tracking fortunes around the world.

http://finance.yahoo.com/news/the-world%E2%80%99s-billionaires-210233113.html?desktop_view_default=true

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g5jamz    1,124

Guess which counties have the highest number of wealthy in America.

Or...where are the majority of wealthy counties in America and the common denominator to them.

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Jase    12,466

I think this is a good reason why

M2-3-13.png

3-4-13-wages-M2.png

So where's all the excess money supply going? To those heavily invested. IE the wealthy, both foreign and domestic.

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related: http://www.nytimes.com/2013/03/04/business/economy/corporate-profits-soar-as-worker-income-limps.html

With millions still out of work, companies face little pressure to raise salaries, while productivity gains allow them to increase sales without adding workers.

As a percentage of national income, corporate profits stood at 14.2 percent in the third quarter of 2012, the largest share at any time since 1950, while the portion of income that went to employees was 61.7 percent, near its lowest point since 1966. In recent years, the shift has accelerated during the slow recovery that followed the financial crisis and ensuing recession of 2008 and 2009, said Dean Maki, chief United States economist at Barclays.

Corporate earnings have risen at an annualized rate of 20.1 percent since the end of 2008, he said, but disposable income inched ahead by 1.4 percent annually over the same period, after adjusting for inflation.

“There hasn’t been a period in the last 50 years where these trends have been so pronounced,” Mr. Maki said.

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Doyle    4,189

Thanks Obama!

Seems ridiculous to blame the president now right?

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g5jamz    1,124

These are the wealthiest counties in America...

http://www.forbes.com/sites/nathanvardi/2012/04/24/americas-richest-counties/

Loudon County, VA (Near D.C)

Falls Church County, VA (Near D.C)

Fairfax County, VA (Near D.C)

Los Alamos County, NV -"Even though it’s far from Washington, Los Alamos County’s wealth is still largely the result of federal government spending"

Howard County, MD (Near D.C)

Fairfax City County, VA (Near D.C)

Hunterdon County, NJ & Somerset County, NJ & Morris County, NJ (finally...a counties that are wealthy due to something other than the federal gov...New York fed)

Douglas County, CO (no clue)

No Silicon Valley on the list Cantrell...in fact...the majority of these counties are chockful of 1%ers from federal government spending.

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