
The downturn may finally shrink the gap between the very best-off Americans and everyone else. But if so, it won’t be by lifting up the bottom. It will be by pulling down the top. (Wall Street Journal)
http://online.wsj.com/article/SB125254156520197777.html#mod=WSJ_hpp_MIDDLENexttoWhatsNewsThird
Although as of 9/29/09, the AP says The recession has hit middle-income and poor families hardest, widening the economic gap between the richest and poorest Americans as rippling job layoffs ravaged household budgets. (Associated Press). So now I’m confused. I wasn’t confused AT ALL before this.
Some economists are heartened by an obscure measure of buyer sentiment: recreational vehicle sales. RV wholesale shipments jumped 16% in August from July to a seasonally adjusted annual rate of 209,800. That’s a 136% surge from January. (USA Today) http://bit.ly/3FA3U1 — I guess I don’t take this as a good sign, personally…
