“We can think of many reasons for buying assets in emerging markets. But ‘a search for yield’ is not one of them. But that just goes to show you how grotesque the world has become. Back at home, the feds brighten up the lives of people who live in tanning salons. Sales of houses to the top 1% of buyers on Long Island rose 72% in the first four months of this year. The bottom 99%, meanwhile, actually bought fewer houses. The whole housing rebound story is a fraud… another distortion caused by the Fed… and another example of how the insiders transfer wealth from the outsiders to themselves. In Oakland, California, sales to the 1% rose 45 times faster than sales to the rest.”
http://www.bonnerandpartners.com/the-housing-rebound-story-is-a-fraud/
Tip Freedomwat.ch Staff with Bitcoin