A Thousand Words, Vol.1, Issue 13.

In economics and finance, the notion of a wealth effect -- increased consumption based on a perceived increase in wealth -- is well known.  Conversely, true wealth increase (measured by income change) is a bit different, as pictured here.


David Cay Johnston's companion article to the true-wealth-increase picture can be read here.


Related information:


Permanent insecurity for the 99 percent.

Quotation for Today: Biased Barristers Bleed Bankrupt Blacks?

Is the United States' bankruptcy system another tool, a la the criminal legal system, for impoverishing non-white Americans?  The quotation for today, on the other side of the jump, suggests that could be the case.

Gangsters and Banksters: A Serial Tale Part V

In this international tale of Gangsters and Banksters, we look at what could be illegal trading on non-public information -- insider trading -- by the wife of a Swiss banker, and not just any run of the mill Swiss banker.

Quotation for Today

"A joint liability for others' debts is not acceptable."

Mrs. Angela Merkel