2 ms·
Forgot to cite my earlier comments. > Wages have stagnated & only recently picked up[1] > GDP has been the lowest post-recovery ever[2][6] > Net household de
by sdljfslkjfdsj 9y ago
Forgot to cite my earlier comments.
> Wages have stagnated & only recently picked up[1]
> GDP has been the lowest post-recovery ever[2][6]
> Net household debt is again at new highs[3]
> Interest rates at forever in the history of human civilization lows.[4]
> Meanwhile every single risk seeking asset class primarily owned by the wealthy has appreciated to levels last seen at prior bubble peaks.[5]
[1] https://tradingeconomics.com/united-states/wage-growth https://tradingeconomics.com/united-states/wage-growth (can you even spot QE?)
[2] http://fortune.com/2015/07/30/us-gdp-economy/ http://fortune.com/2015/07/30/us-gdp-economy/
[3] https://www.reuters.com/article/us-usa-fed-debt/americans-debt-level-notches-a-new-record-high-idUSKCN1AV1PY https://www.reuters.com/article/us-usa-fed-debt/americans-de...
[4] https://www.cnbc.com/2016/11/17/200-years-of-us-interest-rates-on-one-chart.html https://www.cnbc.com/2016/11/17/200-years-of-us-interest-rat...
[5] https://stansberrystreaming.com/presentations/grant-williams.html https://stansberrystreaming.com/presentations/grant-williams... (this years stansberry vegas conference)
[6] https://www.economist.com/blogs/dailychart/2011/07/american-recessions-and-recoveries https://www.economist.com/blogs/dailychart/2011/07/american-...