Not only are 70% of Americans earning less real wages, but they are more indebted, so spending power is much less than in 1979. This is why demand is weak. And no Central Banks can’t fix that. To the contrary, their lax monetary policies aimed at stimulating increasingly suicidal levels of debt and levered spending over the past 30 years have been a major cause of present financial weakness. The more they try to do, the worse these trends become. Here is a direct video link.
Cory’s Chart Corner
“An explosive critique about the investment industry: provocative and well worth reading.”
“Juggling Dynamite, #1 pick for best new books about money and markets.”
“Park manages to not only explain finances well for the average person, she also manages to entertain and educate, while cutting through the clutter of information she knows every investor faces.”