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billgreenjeans
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Lacy Hunt: "No Increase in Standard of Living Since 1997" - Louis James - Casey Research

I have a very non scientific approach, which is supported by personal experience and knowledge, to this fact that the standard of living has been continuously declining since 1994 for average people. Real wages are evaporating. Any pay increase has been stolen by inflation. This, I believe is why few Americans save. For what is the use if when the savings is needed or wanted its value has diminished considerably. The mind set is “spend now it while you can because tomorrow it will be gone”. How many “baby boomers” have envisioned social security not being available for them. Now we can see it will be there however its value will be worthless.

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Début de l'article :There's a belief among certain economists – and the wider population – that if the government takes a more active role in the economy, the social outcome can be improved. Dr. Lacy Hunt, executive VP of Hoisington Investment Management Company (HIMCO), says it's a false belief… and he has proof to back it up... Lire la suite

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