Man. There are some hard truths in that article.

If you look at the S&P 500 over the last 10 years, you might be convinced that things have grown almost 200% across all sectors. The disparity between real GDP per capita (about 17%, via your plot) and SPX can only be explained by some combination of wealth inequality and over-valuation, no?

edit: no, "only" is a bad word, which will stay up, in my shame. But things are sure to result in instantly greater wealth inequality if the correction is sharp enough, and the taxpayer funds another failout. At the same time, the stocks go poof. Even the entire bull run of the last decade has left behind anyone without an investment portfolio. Hey, if we completely wiped out the middle class, better than what we've managed already, we could really push for a perfect oligarchy, which is What We All Wanted™.

edit2: wait how are Trump tax cuts for companies not a type of bailout?

Oh, and I wish they'd gimme a scale on those wage growth circles.

Out today: Trump and Entitlement Reform, in which Trump opens the door to cutting Medicare. Here's the best bit, though, from author James Freeman:

The good news is that the United States may finally have a President who is interested in restraining federal spending.

Literally reported yesterday, Trump:

"Who the hell cares about the budget? We're going to have a country."

Ha. Can't make this stuff up.

If Trump cuts Medicare, he'd be essentially killing some of the 'boomers who voted him into office. A part of me wants to cheer, but these are people. Suckers, but people. And I never expected to get social security, which is fine, because I genuinely don't think I'll ever wanna retire anyway.