Why The US Debt & Equities Markets Are Dying
The average American has trouble paying their bills each month.
They don’t have enough saved.
What little they do have saved is losing purchasing power from inflation… at historic rates. Much faster than the savings contribution rate.
Suddenly, the American consumer is trapped in a room with limited air and rising temperature…
To make matters worse: consumer debt levels have reached all-time highs, with rising interest rates promising to suck what little air remains out of the room.
You might hear these notes whenever someone is trying to make the “economy is healthy” pitch:
look how low the unemployment rate is!
look at the all-time highs in the stock market!
The unemployment rate is low for two reasons:
many folks have given up even trying to find work, removing them from the calculation
many folks had to get multiple jobs to survive
Suddenly the message this…
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