Quote:
Originally Posted by Bucco
Everyone can have an opinion....do you have an argument to make or just what you said....basically, I am right, and the rest of you are wrong.
For decades, the drag on demand growth stemming from rising inequality has been compensated for by other economic and policy developments—notably a long-running decline in interest rates. Going forward, however, these compensating mechanisms are likely to fail, which means that the inequality-induced drag on demand would translate directly into slower economic growth overall.
Fact that so many will not be rejoining the workforce is at play as well.
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Inequity of wealth and opportunity leads to the US becoming a 3rd world country, which leads to Democracy being overthrown. Like a disease within EATS at an individual, internal influences in the US are now worst than external forces. Democracies can die a SLOW death!