Saturday, July 27, 2013

Marc Faber : The Problem in America is that real wages has been down since the 1970s

The problem in America is that real wages, real compensation has been down since the 1970's. But at the same time, asset prices, equities, real estate and so forth have gone up dramatically, and that favors people who have these assets.

And so the ratio expanded and you have now a record wealth, inequality, and income inequality. 

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.


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