Some brief thoughts on releveraging and wage growth

As I mentioned last week, I am on a winter break. So I haven’t been able to post over the past several days. But I have been following the news flow and wanted to make a few comments on what I am seeing regarding the US.
I believe wage and income growth are the only sustainable inputs that drive an economy’s growth over the long term. Declining interest rates, declining savings rates and debt accumulation can go a long way toward sustaining growth. But eventually interest rates and savings ra...


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