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The inequality rates as measured by the Gini coefficient can be a real eye-opener. America and Russia have similar inequality rates. Europe may have its problems, but at least their Gini coefficients show a much better income distribution.

The economy is not doing that well.  It is nothing more than a credit inflated bubble.  The low interest rates are what set this all in motion.  The Fed knew what it was doing and now, with interest rates rising, it is starting to turn.  The "wealth effect" is going to be the unwealth effect.

Wallet empty money