affluent

Global consumer decline, low-income producers face fewer affluent buyers, growth-driven system unsustainable. Credit crisis hits 50% of Americans

The global consumer is in secular decline (with an average 10:1 spending, saving, consuming capability over low-income nation consumers) …and the global low-income nation producers will have fewer and fewer customers of means to purchase their products. Few will acknowledge that a “free-market economy” amid depopulation of consumers is incompatible with a financial system that …

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Affluent island getaway where Obamas enjoy $12M mansion faces a housing crisis so bad it is ‘threatening public safety’

The affluent U.S. island beloved by the Obamas – and favored in summer by hordes of the rich and famous – is facing a housing shortage that has gotten so severe it is ‘threatening public safety’ for its residents. Staggering seasonal rents – averaging nearly $1,000 a night – are forcing regular workers, including restaurant, …

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