Doomsday Scenario: Beige book bombs, income inequality


More dark clouds for your silver lining. The Beige Book numbers came in today showing continuing mild deflation. The report, published eight times per year, is a compendium of anecdotal insights from the various Federal Reserve Banks.

A report out of Harvard University shows that income inequality in the U.S. that has ballooned since the 1970s is the result of an gap in educational attainment by U.S. children and workers. Prior to that period, children were almost always better educated than their parents. No longer. And fixing this one is going to be tough as the general cultural perception still holds that professional degrees are more important than pure scientific degrees. Lastly, as oil continues to rise, concerns are surfacing that high oil prices could halt the recovery or at least slow down the rebound.

Alex Salkever is the Director of Research at Piqqem.com, a stock prediction community powered by the Wisdom of Crowds

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