I believe this is the major reason for the rising income inequality in any country where this happens.
Furthermore, as wealth becomes increasingly more concentrated in the hands of fewer and fewer power groups, the economy starts growing more slowly. This phenomenon is quite clear in most European countries and Middle East. It is beginning to happen to us as well.
There is no way of escaping this simple yet universal law.
What should a sensible investment strategy be under these conditions? This issue will be discussed in detail beginning with today's Market Update and the following issues of The Peter Dag Portfolio. Why not subscribe now and find out what our indicators are saying? Just click here.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.
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