I believe incomes are not keeping up below 100K.
The gap between upper and the middle class is growing wider.
Deflationary wind is blowing from Asia's factories.
Inflationary winds are blowing from gas stations, college campuses, dental offices, town halls, utility companies.
Even grocery stores, hotels, sandwich and donut shops have a nasty smell of inflation.
Over the coming years we will get used to hearing following words over and over again (repeat after me):
plunge, bankruptcy, collapse, decline, inflation, debt, termination, default, foreclosure, layoff, delinquency, write off, bailout, eviction, repossession, upside-down, recession, train wreck, systemic and derivative collapse, failure, barter, closure, restructuring, crash, debacle, deficit, deflation, migration. |
