RE:RE:RE:American Consumers Are Far From Their Debt CeilingIt's called moving the goal posts to keep the illusion of purchasing power alive. We have reached structural limits of consumption while trying to ensure a reasonable retirement. Is there a solution...let me state equitable redistribution of wealth ....oh NO!!! Satan has entered the room. Here is food for thought. the richest man in the world Arnault/LVMH caters to less than 1% of the population. Whereas the 2 or 3 or whatever Bezos caters to 90 percent. Go figure.
Let me end with quotes from Ceo of Vanguard . In the last 10 years equity mkts adjusted for inflation have produced an annual return of 8%!!! he doesn't expect that to be achieved in the next decade. Dd and glta go Heat go. Long ret.a