Economy

Median income in Ohio not close to keeping up with increasing cost of basic needs.

"The survey commissioned by the Ohio Association of Community Action Agencies says that since December 2007, the cost of basic needs has increased 23 percent. Those include food, housing, child care, health care and others.
During the same period, the median income in the state has increased by only 2 percent."

But the Fed claims inflation is low.

In this incarnation of the housing bubble, Wall Street firms are buying up houses with newly printed Fed money and renting them.

"While these investors have not touched many healthy real estate markets, they are among the biggest buyers in struggling areas of the country where housing prices have been increasing the fastest. Those gains, in turn, have been at the leading edge of rising home prices nationwide."

It keeps getting worse.