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Will the Debt Crush Powell’s Volker Dreams?

The Breakdown

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Why Asset Prices Have Outpaced the Real Economy So Much?

The share of wealth held by the middle class has dropped more than eight % in 20 years. The top one% have increased almost 8%. Why is this happening, and is this trend going to continue? Weaker than normal wage growth is a symptom of weaker than average economic growth. Once debt levels became excessive, there was a sharp drop in economic growth and thus wage growth.

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