Decline of US middle class, Banamex & Fed policy
However, new data shows that the US middle class has lost the honor of being the most affluent in the world, especially in lower- and middle-tier income brackets. Yet the wealthiest have outpaced many of their global peers. Erin takes a look. Blogger and former white collar caper Sam Antar talks about some recent cases in white collar crime, including Herbalife and Banamex. Round Two with Karl Denninger, talking about Fed policy, big banks, and fiat currency. In Big Deal, Edward Harrison looks at mobile home economics, with some investors getting into the trailer park business for its double wide returns.
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