Credit Suisse 64 Page Report: Key Inequality Measure The Highest Since The Great Depression

[kpete]

https://publications.credit-suisse.com/tasks/render/file/?fileID=60931FDE-A2D2-F568-B041B58C5EA591A4
You know inequality is getting bad when it's making a Swiss bank uncomfortable.

The ratio of wealth to household income in the U.S., a measure of inequality, is the highest it has been since just before the Great Depression, Credit Suisse noted in a 64-page report on global wealth released on Monday. The bank also warned that this was not good news for the health of the economy:

"This is a worrying signal given that abnormally high wealth income ratios have always signaled recession in the past," the bank wrote.

.......

Here's a chart from the Credit Suisse report, of wealth-to-income ratios going back to 1900:

Meanwhile, the richest 1 percent in the world own 48 percent of all the world's wealth,
according to Credit Suisse -- a worrying signal for the global economy.

.......

much more:
http://www.huffingtonpost.com/2014/10/14/inequality-recession-credit-suisse-wealth-report_n_5982748.html

[WillyT]

1. LOL !!! - We Posted At Almost the Exact Same Moment...

DULink: http://www.democraticunderground.com/10025664848

[upaloopa]

2. So what are the banksters going to do

about it. At some point corporations and investors have to see the harm being done.
The 1% should become public enemy #1.

[hifiguy]

3. Hey, let's elect more corporate BFFs of Wall $treet

who can't warmonger enough. That should work out just great. In another four or eight years the Great Depression will make the US look like goddamn Norway. They have not yet begun to steal.