SCHO - It's All About Who Reaps The Gains (Asset Bubbles) And Who Eats The Losses (Stagnating Wages)
Even if the Fed hadn't institutionalized perverse incentives to borrow and speculate in asset bubbles, the economy would still be generating far fewer winners than losers.
If we scrape away the shuck and jive (a difficult task when the majority of what the media presents is shuck and jive), the whole economy boils down to who reaps the gains and who eats the losses. While conventional economics focuses on how much the pie is expanding (GDP is higher, yea!), the real action is in how the pie is sliced up and distributed.
Since the