Have the Middle Class Disappeared?
Guest post by Lance Roberts from Real Investment Advice: There was a time when a large portion of Americans belonged to the “middle class.” It meant you
Guest post by Lance Roberts from Real Investment Advice: There was a time when a large portion of Americans belonged to the “middle class.” It meant you
To understand just how grim the coming decade is likely to be for the world’s super-rich, let’s start with three premises: 1) Capitalist democracy —
Two points about today’s political economy – and then a prediction involving Illinois: Point One: What’s coming is poetic justice for the aristocracy. The wave
Most Americans have spent the last few years pressed up against the proverbial bakery window, watching the 1% enjoy a life of ever-increasing wealth and
Today’s financial world is a tough place for the average person but paradise for rich guys. As easy money raises asset prices, the owners of
Stories about insane prices being paid for unique (and some not so unique) things are now a daily occurrence. A few examples: Picasso’s Women of
Among the many things that mystify economists these days, the biggest might be the lingering perception, despite six years of ostensible recovery, that the average
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