You know it's getting bad when the mega-rich at Davos start talking GLOOM AND DOOM! See link in title.
Perhaps we are nearing the end of the FREE TRADE AND GLOBALISM that has defined the world since about 1982?
Things peter out....ideas go stale. It's time to start thinking about the declining middle classes and those who work for less that a living wage in America, and around the world.
And the BIG SECRET? All of this is good for the mega-rich! It's time to pull the plug on the GREED MACHINE. It's time for a whole new mojo about what the economy is and what it does. For example, the economy keeps people busy and gives them a sense of self-worth. You didn't know that did you? You thought it was all about PRODUCTIVITY AND EFFICENCIES. And, lowering costs, and lowering costs again..... Maybe you should bookmark this page!
A Recession is when the middle class goes broke.
A Depression is when the rich go broke.
THE RICH IN DAVOS ARE TRYING TO TELL US SOMETHING!