Middle Class Americans Had Their Fastest Income Growth On Record

Trader Scott’s Market Blog

September 17, 2016

“Hello, Hello, Earth to the New York Times.”

I’ve received many questions as to why I ignore virtually all economic “statistics” (lies) and “data” (spin). The attached article from the New York Times is a perfect example. The Census Bureau claims that middle class incomes had their fastest growth on record last year. First of all, it’s almost October 2016. So last year (2015), the US middle income (supposedly) had their fastest growth on record. Wow, thanks for the timely heads up on that one. And secondly, to spare some of you the agony of reading it, I did it for you. The gist is that the economic “rebound” is spreading throughout the economy. And we just need more time and the brilliant policymakers (Republican and Democrat) need to keep doing more, more, more – then we can have a strong/fair economy for all income groups. Yikes!

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About

Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day.Scott returned to markets over fifteen years ago where he continues as an independent trader.