Marc Faber: When Everyone thinks alike Everyone is likely to be Wrong

via Gloom Boom Doom The inconvenient truth is that An Unprecedented Monetary Destruction Is Coming. In democratic societies, people love everything that causes inflation but hate the consequences, which are among others rising consumer prices. It is therefore, no coincidence that debt-to-GDP has increased in all western democracies over the last 40 or so years. Marc …

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Top 1% of US earners are now have more wealth than the middle class; Housing is less affordable for both renters and buyers alike.

Economic inequality worsens in the U.S. as the top 1% amass more wealth. Housing affordability declines. The 1% are crushing it 👇 pic.twitter.com/0Wfsj4EbR6 — Win Smart, CFA (@WinfieldSmart) December 14, 2023 Housing is less affordable for both renters and buyers alike, per Bloomberg: pic.twitter.com/vT3bMKiKxV — unusual_whales (@unusual_whales) December 14, 2023

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