Sanders, his ilk, and his platform represent the most in-your-face danger to everyday America. I think a Sanders/Whoever ticket could be just the thing to deliver a much needed kick in ma and pa conservative’s systemic apathy that are the root cause of the destruction of this country.
While so many are euphoric about the outcome of the impeachment, strong stock market and the takeover of the economy by FAAMG. (FB, Amazon, Apple, Microsoft and Google)… I remain skeptical.
Maybe we should pay attention to why Bernie is surging and why he will likely be the nominee. Why there is still so much anger. The middle class has historically been the anchor of the political system swinging too far in one direction or the other. But as the graph illustrates, our middle class is very small compared to our wealth. Moderation in policies has most likely come from a vibrant and growing middle class.
We are better off when earnings are growing with depth and breadth. Not only a few companies with market power exploiting that market power. And QE not creating higher earnings but just encouraging investors to pay a higher price for each dollar of earnings.
Our circumstances might be more fragile than we believe. The Fed acknowledgment of needing to push rates lower is their acknowledgment of that.
