a stock market record never seen before.
A more accurate headline might have read,
“Dow hits 15,000…Nation collectively yawns…?”
So these are my excuses for not knowing or caring what tremendous success seems to be flowing down Wall Street these days. But probably the following is the actual reason that you and I didn’t really notice:
– The six biggest banks hold assets equal to 63 percent of the country’s GDP (*Gross Domestic Product): In 1995, the six biggest banks in the country held assets equal to about 17 percent of the country’s Gross Domestic Product. Now their assets equal 63 percent of GDP.
But seriously…things are getting better. It’s getting better a lot quicker for those at the top, but it’s also getting better for the rest of us too…just not as rapidly.
Speaking on behalf of the battered and bruised Middle-Class…We’re still here. More of us are going back to work. Most of us enjoy good health and almost all of us have the blessing of a family and people who love and care about us. The economic crash was a devastating event for sure. I don’t know of anyone who was unscathed. But we’re all still here and we’re getting stronger every day.
We extended a helping hand when the banks wouldn’t. We gave generously to local charities and all of these acts did not go unnoticed. In the process we became Mainstream. We, as an industry, also shed the stigma that for the vast majority of pawn shops…was completely undeserved.
Oh! Don’t forget! We’re all in this together and…”We’re glad you’re here!”