The Recovery.........................from Rico

Could there be any better way to "celebrate the recovery" than parking $25 million worth of Ferrari's in front of the NYSE building? Nothing like 'flaunting it' or 'waving it in the face' of the 99'9%.

- This is what unlimited liquidity provided by a Central Bank can do for the 0.01%. Huzzah!

 

Joe and Jane Sixpack aren't exactly celebrating or driving Ferrari's if they are among the 103 million workers without work.

- The actual unemployment rate is now 24% and NOT the 'offishul' 5% btw.

 

Even those WITH jobs aren't celebrating or driving Ferrari's.

- Social Security* says that 51% of workers make less than $30K per year, and the estimated median wage is $28,851 compared to the Federal Poverty level of $28,410.

 

This sure is a swell "recovery for the Middle Class, huh?

- Think about this the next time the FED, the Regime, or some other idiot on FTV natters-on about "the recovery" like it's a real thing, y'know like unicorns and warming-cooling-er, climate change.

 

* The numbers look like this:

- 38% of workers earn less than $20K per year (that's full time at $10/hr)

- 51% earn less than $30K per year (just under $15/hr)

- 62% earn less than $40K per year.

- 71% earn less than $50K per year.