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David F. Ruccio — It’s the profits, stupid!

Summary:
I would phrase it somewhat differently: "It's the distribution, stupid."The social and political problems arise from grossly asymmetrical distribution and the ensuing distributional effects economically through highly asymmetrical income and wealth.Occasional Links & CommentaryIt’s the profits, stupid!David F. Ruccio | Professor of Economics, University of Notre Dame

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I would phrase it somewhat differently: "It's the distribution, stupid."

The social and political problems arise from grossly asymmetrical distribution and the ensuing distributional effects economically through highly asymmetrical income and wealth.

Occasional Links & Commentary
It’s the profits, stupid!
David F. Ruccio | Professor of Economics, University of Notre Dame

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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