Source: The Problem Isn't Populism: The Problem Is The Status Quo Has FailedAnd of the top 5%, only the top 1% have really done well for themselves. And of the top 1%, the big gains have flowed to the top 1/100th of 1%.This is why I use the 95%/5% divide: only the top 5% inhabit the status quo is working great economy. The bottom 80% live in Dollar-Store America, and the "middle class" between 80% and 95% maintain the pretensions of doing well by shopping at Target and charging vacations on their credit cards.
This coincidence must alert readers that a tempest is brewing on subjects noted: lurking inflation, increasing debt, suppressed interest rates and the shifting of hegemonic power. There are only two important questions in investing that also apply to subjects impacting the future stability of the world — tell me why and tell me when. Plender gives us the “why”, the ever-increasing “intolerable burden” of government debt and suppressed rates leveraging the global financial system. He gives us the tipping point. What we await is “the when”, as in when do we know we have “tipped”. Paul Hackett Madison, NJ, US Letter: Why the geopolitics of international currency choice matters
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