There’s absolutely no doubt that the United States of America has dramatically changed from the country it was half a century ago. The transformation is so massive that once the evolution is completed in ten years from now, you will not recognize it at all.
The middle class is furious and I totally understand their frustration. Any government that cheats its most significant demographic is going to have to meet its maker at some point.
Today’s letter is one of the most vital publications I’ve ever put out. The next couple of years could bring life-changing alterations to the global economy. It could lead to the financial RESET.
Earnings season is nearly over, along with the midterm elections, and now we need to see how the U.S. government functions in one of the most hostile political environments we’ve witnessed in decades.
The widest wealth gap since World War II… record low labor-force participation rates… a middle class that will cease to exist by 2020… Despite a market melt-up and ultra-confident employment numbers, the Wall Street rhetoric somehow doesn’t match up with the Main Street reality. Could this lead to an out-and-out revolt, and when will it happen?