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Indicatoron Oct 31, 2012 1:34pm
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Post# 20545581
real income decline - RPL acting smart!
real income decline - RPL acting smart! Weakness Begets More Weakness
How does the US achieve a sustained recovery if “the 99%” continues to suffer perpetual decline in real income?
By: Eric Sprott & David Baker
"The sad fact is that the economic reality for the average family is far worse today than it was ten years ago… even fifteen years ago, and the trend of declining wealth is firmly in place. The youth need higher paying jobs and the retirees need yield, and for all the trillions of dollars that the US government and other western governments have spent and printed, none of it has addressed these key areas of weakness in a way that can reverse the long-term trend. As we approach year-end and the finality of the US election, there will likely be numerous indicators implying a US recovery. Unless they directly benefit the 99%, we would advise readers to take them with a large, bipartisan grain of salt. Weakness begets weakness, until something dramatic reverses the trend’s course. The 99% are firmly stuck in a declining trend, and we do not see it reversing any time soon."
https://www.sprottasset.com/markets-at-a-glance/weakness-begets-more-weakness/