by Nick Hodge
One of the reasons I founded Outsider Club — several years ago now! — was because of the fallout from the financial crisis and the Establishment’s response to it.
Stocks were breaking out to new all-time highs but there wasn’t a shred of recovery in sight. Good jobs were replaced with worse jobs, lower paying jobs. A record number simply dropped out of the labor market altogether. But executives at banks — with shots of Federal free-money coursing through their veins — were being showered with record bonuses.
The mess they caused to begin with was nowhere near resolved — and still isn’t — and the tools the Establishment used to resolve it only further exacerbated the underlying problems and widened the inequality gap.