If nothing happens to crash the markets by summer, the U.S. will have recorded the longest "growth" streak in history, fueled by rock-bottom interest rates and the federal reserve adding trillions into the economy by quantitative easing; buying bonds to expand money supply. But the recovery has not had robust growth, nor has it been equal. It's been signified mainly by large capital gains in stocks and real estate for the 1% while the rest of the economy sputters along and more and more suffer from consumer, medical, educational and other debts in a system of dwindling public resources and renewal.
Economic indicators cheer lower unemployment by failing to measure all those no longer looking for work or those accepting low-wage jobs with zero or terrible benefits. They also show "growth" as rents and unearned income accumulating to oligarchs while local communities, parks, roads and service are in shambles. The latest Trump tax cuts only further enrich the pockets of the rich while public benefits are evermore on the chopping table and only the sacred cow of military-defense-war remain above reproach, despite failure after failure to meet any measurable success via the use of force.
All hail the USA ... or all fail in the USA ? @clumsysilverdad
https://www.theguardian.com/business/2018/apr/28/america-long-slow-boom-recovery-last-economics
This artificial prevention of a well overdue correction has gotta happen sooner or later. What goes up must come down, and the same rule applies to economics. Given the circumstances right now and having delayed it for so long, the next correction is going to be the biggest one yet. The situation is looking dire!
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You got a 3.02% upvote from @minnowvotes courtesy of @clumsysilverdad!
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This post has received a 11.83% upvote from @msp-bidbot thanks to: @clumsysilverdad. Delegate SP to this public bot and get paid daily: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP Don't delegate so much that you have less than 50SP left on your account.
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You got a 50.00% upvote from @bluebot courtesy of @clumsysilverdad!
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You got a 22.22% upvote from @sunrawhale courtesy of @clumsysilverdad!
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You got a 32.68% upvote from @peace-bot courtesy of @clumsysilverdad!
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Great post!
Thanks for tasting the eden!
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You got a 2.84% upvote from @nado.bot courtesy of @clumsysilverdad!
Send at least 0.1 SBD to participate in bid and get upvote of 0%-100% with full voting power.
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You got a 18.93% upvote from @redwhale thanks to @clumsysilverdad!
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You got a 9.82% upvote from @sleeplesswhale courtesy of @clumsysilverdad!
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This post has received a 9.52% upvote from @aksdwi thanks to: @clumsysilverdad.
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Release the Kraken! You got a 13.10% upvote from @seakraken courtesy of @clumsysilverdad!
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Nice post ! You got 9.20% upvote from @flymehigh. Earn free sbd/steem daily by delegating(renting) your SP. We share high return, click here to delegate your sp to flymehigh if you don't know, how to earn passive income by delegating your SP click here for more info Join our discord You can promote your posts. Thanks.
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You have been defended with a 8.66% upvote!
I was summoned by @clumsysilverdad.
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You got a 12.79% upvote from @moneymatchgaming courtesy of @clumsysilverdad! Please consider upvoting this post to help support the MMG Competitive Gaming Community.
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