Richard Russell told King World News:
“If the little guy is lucky enough to have a real job, he's angry at the big mucky-mucks on Wall Street or at the bankers who are pulling down millions. These guys (the suits) appear on Bloomberg with their green-striped or purple silk ties and talk about Greece or whether auto sales are flat or going a bit higher.
"By the way, is Greece going to make it? I don't think so, but everybody knows that. No shocker there if Greece falls out of the Eurozone.
"Meanwhile, we hear that the majority of babies in America are born via unmarried mothers, and half the teen-aged kids (18 to 25) can't find a job. If a kid has a job maybe flipping burgers he or she is riding high with her rare position -- she can buy her CDs with real cash instead of forking over the money to her parents for rent.
"Yes, there’s a new ‘feeling’ creeping into America: Some call it ‘pay as you go,’ and others call it ‘cash on the line.’ Bill Gross of mighty PIMCO refers to it as ‘the new normal.’"