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4 August 2014

I Believe The Us Has Been Heading Into

by Code Monkey

Adam
Plattner{.author-photo}Adam Plattner{.author} - 2014-08-04 12:17:04-0400[

I believe the US has been heading into a period of stagflation like Japan’s lost decade (or 2) from the 80’s asset price bubble. \ \ The difference on how the US got to this point versus Japan’s situation is that even though the US unemployment rate went down which looks good on paper, the jobs growth has been low earning service jobs eating away at the middle income jobs.  US consumer spending power has effectively stayed flat or actually declined as many people are upside down in their mortgages and their lines of credit are depleted.

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America’s Lost Decade: Typical Household Wealth Has Plunged 36% Since 2003 | Zero Hedge

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