Something isn't right in the global economy.
I have stood by and watched silently as share markets and property prices have continued to rocket skywards, even when I see problems everywhere in the "little things". Globally, wages haven't improved significantly. Unemployment continues to be a major problem that is now evolving into something more insidious as the unemployed get moved into increasingly low paying and menial jobs, the entry level jobs that once existed for graduates are disappearing and many of those jobs that do remain are being sent offshore to cheaper jurisdictions. Cost of living continues to rise and people seem to be stuck treading water.
All of it seems to be driven by the same old story of cheap money.
However, it seems like I'm not the only one concerned about the direction we are all heading.
Sharemarkets set for biggest tumble since GFC, says veteran investor Han K. Lee
Is it possible for markets to continue to grow without the fundamental problems with our society being resolved? Or will there be another innocuous event that will trigger another even more devastating meltdown?
I have stood by and watched silently as share markets and property prices have continued to rocket skywards, even when I see problems everywhere in the "little things". Globally, wages haven't improved significantly. Unemployment continues to be a major problem that is now evolving into something more insidious as the unemployed get moved into increasingly low paying and menial jobs, the entry level jobs that once existed for graduates are disappearing and many of those jobs that do remain are being sent offshore to cheaper jurisdictions. Cost of living continues to rise and people seem to be stuck treading water.
All of it seems to be driven by the same old story of cheap money.
However, it seems like I'm not the only one concerned about the direction we are all heading.
Sharemarkets set for biggest tumble since GFC, says veteran investor Han K. Lee
Is it possible for markets to continue to grow without the fundamental problems with our society being resolved? Or will there be another innocuous event that will trigger another even more devastating meltdown?
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