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| Wow, some folks will go to some real extreme lengths to justify the way things are. Only one person attempted to explain the inversion over the last 30 years.
The bottom 80% have lost confidence relative to the top 10%. The top earners are optimistic things are going in the right direction and spending like it, while the rest are feeling left behind. They are increasing spending but not at the same rate the higher earners are.
That is the “K” shaped economy they talk about. Tax cuts to corporations, proportionally higher tax cuts to the wealthy while increasing the taxes the less well off can’t get away from. Gas, sales, property etc.
Are the pitch forks coming? No, I think our system is resilient enough to see this turn around.
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This is not sustainable.
