Excellent jobs report. Stock market records. Homelessness seemingly on the rise. When it comes to the (dis)United States economy, there are distinct winners and losers.
Eleven months ago, I bought a couple shares of AAPL for $142. Today, they are worth $270.
A few days ago I went to our downtown depository of knowledge to pick up a book I had requested. A man, middle class looking, was doing the same. Looks can be deceptive.
He informed the librarian that he “had some money” and wanted to pay some of what he owed. “Oh,” the librarian said somewhat surprised, “you have some money.” He fiddled around in his velcro wallet and pulled out a small tangled wad of $1’s. “What’s my debt?” he asked. “$5.35,” the librarian said. “Okay, I’ll pay $2 of that.”