Poverty is a relative term given how you analyze the data. But for what it is worth it would appear that income and wealth are in serious check for many Americans despite a wonderful come back in the stock market. Obviously, home prices are adding to those “poverty” woes.
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My favorite metric to track poverty is the food stamp usage. That certainly puts a lie to any and all claims of “recovery” in the USA.
Also with regards to housing prices, it is useful to look at the time it takes to sell a house (i.e. liquidity) verses price because one of the main points of QE exercise is to inflate housing prices above the normal price discovery level to prevent banks from imploding (long fas lol)
the food stamp line has increased significantly.
food shelters have empty shelves and have seen a new “better off” demographic in line.
good luck on the FAS….FAZ seems like the better bet given all the renewed banking problems.
i have been following dltr since 07.that is my tell, not wmt and they both take stamps. dltr WILL do the 100 roll.one of the most loveliest charts. unproped by qe anything. it’s a big dose of reality as well