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Subject:  Breaking News Date:  9/21/2011  3:05 PM
Author:  charliebonds Number:  33342 of 36935

In a much-anticipated, widely-applauded policy decision, the Fed announced today that it is shifting its buying from the near end of the yield-curve toward the middle, a move that will hugely benefit bond-investors by increasing the market worth of their holdings.

Thank you, Ben. I never wanted to be “middle-class”, and now I don’t have to be. Your policies during your reign have pushed me out of the 60% of Americans whose incomes are falling and into the 40% group whose incomes are rising. While not yet part of the class called the “rich”, my annual income has doubled since 2000, as compared with the 7% decline experienced by the “middle class” (from 2000 to 2010).

Median Household Incomes
1990, $48,423
2000, $53,164
2010, $49,445

The 2010 figure is 7% decline compared to 2000, but a 2% overall gain compared with 1990, though just a 0.10% annualized gain when a 20-year look-back is used. But, hey, that’s still a move in the right direction. So be content, all you median incomers. Things could be worse for you.
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