[quote=deadzone][quote=an]Yep. It was the middle class that was hurt the most in the last crash. It was the wealthy that benefited the most from the last bounce back. I expect the same this time around.[/quote]
The wealthy class were being destroyed in the last crash until the Fed and Paulsen, run by Wall St. Bankers, came to the rescue with endless bailouts and QE under the propaganda of “averting depression” and “too big to fail”. Obviously this is likely to happen again.[/quote]
So were the young families who lost their first home. The difference between them and the wealthy is, the wealthy still have plenty of $ so they were able to jump back in in force at the bottom and now they have a lot more money than they did in 2006-2007. However, those middle class family who had to short sale are set back by many years.
