
“Since before the tech bust, we’ve been suggesting that while Americans ‘think’ they’re getting richer… they’re actually heading in the other direction. They’re getting poorer. This proposition has been easier for folks to entertain since housing busted and the financial crisis reversed the “wealth effect” in 2008. With that in mind, let’s take a look at the logic of the American Empire and what you can expect in the year(s) ahead.”
http://dailyreckoning.com/the-empires-next-effort-to-extract-your-wealth/
Related posts:
Mortgage Rates at Two Year High
Doing Business In Greece
The Business of War: SOFEX
Peter G. Klein on "Blackberry" and Creative Destruction
Americans are Starting to Borrow More to Buy Homes
French cops caught on video beating and tear-gassing women at traffic stop
Obama To College Grads: Reject Voices That Warn About Government Tyranny
Chicago Sun-Times First Major US Newspaper to Accept Bitcoin
Terrible News: Mark Zuckerberg Does D.C.
If You Want Good Tax Policy, Choose Jersey (but not New Jersey!)
Auto Lenders Taking More Risks: Longer-Term, Higher Balances, Lower Quality
Study reveals GMO corn to be highly toxic
US Plots Conquest of Venezuela in Wake of Chavez' Death
Should Cops Wear Google Glass?
Former San Diego mayor blames brain tumor for stealing $2 million from charity