NEW YORK (CNNMoney.com) -- The Dow Jones industrial average squeaked out another record high Friday, making this the longest bull run in 80 years, as investors cheered tame inflation numbers, talk of big mergers and a jobs report that appeared just right.
Hmmm. Eighty years ago was 1927...
In 2005, the richest 1 percent of Americans held 19 percent of the nation’s income, the largest share since 1929; the poorest 20 percent held only 3.4 percent.
Hmmm. Didn’t something kinda big happen in 1929? Something kinda big or huge or... great? That’s it: the Great Depression.
But that could never happen again, right?
(Technorati tags: stock market, poverty, gap between rich and poor, new great depression)
