Link: https://flowingdata.com/2024/02/13/consumer-confidence-in-current-economic-conditions/
Edit: By the way even though they highlight Biden’s inauguration as the time of the split I think the driving cause was the unequal recovery of the economy which is somewhat under Biden’s control but not fully.
It is EXACTLY that. PE is the main driver behind the rise in health care, the rise in elder care, the rise in medicine, the rise in child care, and now the rise in housing.
And just for funsies PE, since 2008, has essentially rolled up EVERYONES retirement into their billfold, teachers, 401k’s, nurses unions, for 2 reasons. 1. easy money, the person who makes the most off your retirement account isn’t you. The PE firm take you for over a third of its lifetime value. It’s.fucked. and B. Insurance against regulations. If they go down…they’re taking everyone with them. It’s.SUPER.fucked!
The sooner they go down the faster we can work on fixing the hundreds of millions of destroyed lives (in America alone). Capitalism is digging it’s own grave. It’ll end up a swear word. Calling someone a banker will be grounds for a fight. I’ll personally guarantee that last part…by going around fighting all the bankers.