THE FINANCIAL ECONOMY
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INVESTMENT
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BULLS
A bull market has been good for investors
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STOCKS UP
Stock market has been spectacular
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MONEY DOWN
... but the buying power of the US$ is way down
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WAGES FLAT
and wages flatlining while productivity grows.
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GDP -v- GPI
While GDP is up, progress (GPI) is flat
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Profits, Stock Prices and GDP measure success in the modern economy
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- The financial economy has grown robustly since the 1980s.
- Amazing innovation has been deployed mainly to improve profit performance.
- The huge expansion of financial wealth is excessivly concentrated.
- Concentration of economic power by both individuals and corporate organizations has come at the expense of everyone else.
- A lot of people are 'mad as hell' and don't intend to take it any more.
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