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Greg Mannarino, founder of TradersChoice.net, says the only thing you can count on in this economy is more debt being created. Mannarino says, “World central banks’ power exists in one … Read more
by visualcapitalist Just as there exists a longstanding inequality in the distribution of household wealth, so exists a considerable differential in the amount of wealth held by countries on the international … Read more
The phenomenon has reached historically huge proportions in the Everything Bubble era. But it comes in cycles – with a big impact on the real economy. This is the transcript … Read more
Third of Americans cut spending… A third of Americans say they’ve cut spending in the last year, and that percentage is about the same no matter the demographic, according to … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter OK, so we have a phenomenon here that has taken on historically huge proportions in the era of the Everything Bubble (12 minutes):
by Charles Hugh-Smith All asset “wealth” in credit-asset bubble dependent economies is contingent and ephemeral. A funny thing happens to “wealth” in a bubble economy: it only remains “wealth” if the … Read more
By Tsvetana Paraskova Norway’s Parliament is expected to approve later on Wednesday plans by the government’s US$1-trillion fund—the world’s biggest sovereign wealth fund—to divest from oil and gas exploration companies in a … Read more
via Zerohedge: The net worth of millennials (18- to 35-year-old) has collapsed 34% since 1996, according to a new, shocking report from Deloitte. Millennials are financially worse off than any other … Read more
by Michael Snyder The middle class in America is being systematically eviscerated, and it is getting worse with each passing year. As you will see below, one new study has … Read more
Insulated coastal elites, impoverished immigrants, and a fleeing middle class California ranks first among the states in the percentage of residents over 25 who have never finished the ninth grade— … Read more
by Lynette Zang of ITM Trading Ignorance of financial plumbing does not make you immune, it just leaves your fiat wealth vulnerable to confiscation. If you can see the risk and what the … Read more
by visualcapitalist Just as household wealth varies greatly across the population, the composition of that wealth changes as well. Simply put, the person next to you at the grocery store will … Read more
From Birch Gold Group There have been numerous signs that the U.S. is likely to go through another major recession at some point. And regardless of when or if a recession happens, it … Read more
As of the end of 2018, net worth as a share of the U.S. total had shrunk considerably for the upper middle class. In one generation, U.S. wealth held by … Read more
by WARREN MOSLER Trump may allow $125B in cuts if Congress doesn’t act (The Hill) President Trump has indicated that he would allow $125 billion in spending cuts to take place … Read more
