While in some rare occasion, typically times of crisis, government intervention can be a stabilizing force on markets. Unfortunately, that is the exception not the rule. Typically the opposite happens.
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While in some rare occasion, typically times of crisis, government intervention can be a stabilizing force on markets. Unfortunately, that is the exception not the rule. Typically the opposite happens.
We've been making bad decisions for a couple of decades now assuming that somehow it would all work out. What seemed like a wake up call, the market meltdowns of 2008, haven't seemed to wake up many. What does the future hold?
The American consumer has powered much of the world's growth engine for the past decade, but questions have arisen about it's ability to recover. Do businesses need to be planning for a world without American consumption?
America has by far the widest income distribution. The average American income is around $33,000 with the top 10% (or decile) of earners having an average $87,257 of disposable income, while those in the bottom decile have $5,819, among the very lowest of any country - which confirms America definitely has a "poor" class. Reforming wealth distribution across America is one, if not the, centre piece of Obama's policy platform whereas John McCain is calling it a move back to socialism. What do you think? America decides which path it wants to follow in less than 2 weeks.




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