Even the Wall Street Journal Knows!
Inequality is getting so bad even conservatives have started to acknowledge it. But that doesn't mean they'll do anything serious to make it better.
US Consumer Confidence surges above 50 in August; considerably fewer say jobs "hard to get." Go figure.
In a closely-watched non-indicator reading, the June Case-Shiller index of single-family home purchases in selected cities (chosen to be nationally-representative) rose to a level three times May's reading. The fact that prime mortgage foreclosures are displacing subprime as a percentage of homes foreclosed upon, and that continued high joblessness may mean that a rising percentage of these new sales may end up in foreclosure, must be taken into consideration when viewing this number.