The Coalition of the Swilling

Great news for Wall Street and corporate America.

How long before it trickles down to the citizens?

In the meantime, could you please post about the stagnation of wealth for working Americans?

Thanks.

If you read the whole report, it addresses that to a degree:

PAY RISES LAG

Separately, the Labor Department said employment costs measuring what employers pay in wages and benefits rose at the slowest pace in seven years during the first quarter, which should temper concerns about potential wage-induced inflation.

Its Employment Cost Index rose 0.6 percent in the first quarter, down from a 0.8 percent rise in the fourth quarter and well short of the 0.9 percent gain that had been forecast.

But it's hard to HAVE a trickle effect when there's high unemployment. So first things first ~ keep an economy humming along at a sustainable pace. The key will be keeping a lid on things. And the strength of this economy is so hugely underreported, it's a shame.

Then again, no person on the face of the earth deserves a $400 million payout for ANYTHING.

Today's personal income figure for March:

Mar. personal income rose 0.8%, above forecasts of 0.4%...