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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: RetiredNow who wrote (116010)10/13/2014 10:08:48 AM
From: John Vosilla  Respond to of 116555
 
Under two presidents and almost 14 years real incomes have been in decline. Real GDP growth a fraction of what it was during the Reagan and Clinton booms. This with near zero short term interest rates and a steep yield curve except for 2006-07 and we know what happened right after that.. Fed can't help anymore and congress is paralyzed unwilling or unable to set policy for we the people.. The wars with liberals today is not much different than the war with conservatives in 2005-06 when they were also in denial.. Can't do more Keynes and big tent entitlements for underemployed anymore, can't do more tax cuts, more wars, more trickle down anymore either.. End game another massive housing/credit bubble, global debt to global GDP continuing to rise to even higher levels and costs of things most people need continuing to rise faster than incomes. Most scary of all is the next couple years might be as good as it gets for a generation.