I could go on and on about the way speculative finance is utterly divorced from the real economy, sapping 80 cents out of the economy for each dollar it touches*, etc., etc.. But why bother when the following chart says it all? Compiled from the latest Bureau of Labor Statistics release.
See underlying analysis, along with links to original source data, within this workbook.
P.S. I would like to offer a ‘special’ TBA prize to the first Dystopia Diaries reader who detects the even more disturbing trend vis-a-vis crude oil prices and CPU within the workook data. Hint: Can you say “Peak Oil?”
*Yeah, it’s true. By giving yet another extraordinary tax cut to the finance-addled trust fund brats, Obama and the Republican’ts are throwing away 80% of those dollars’ productivity. See the analytical graph and supporting details here.
Contributed from Dystopia Diaries