It was the scream which, at the conclusion of Donald Trump's inauguration ceremony, captured the existential dread of millions of Americans.
It also appears to have sparked a mass "resistance" protest movement.
While everyone likes to point the finger at Amazon, the growing retail apocalypse in America can't be tied to just one catalyst. Certainly, there is no doubt that Amazon is taking a toll on brick-and-mortar retailers but massive excess capacity, perpetually over-levered capital structures and a constant lack of capital investment have undoubtedly helped accelerate the decline.
From Superpower to Incompetence
Paul Craig Roberts
Having grown up during the second half of the 20th century, I don’t recognize my country today. I experienced life in a competent country, and now I experience life in an incompetent country.
Everything is incompetent. The police are incompetent. They shoot children, grandmothers, cripples, and claim that they feared for their life.
For the past few weeks, Chuck Schumer and Nancy Pelosi have screamed to anyone who would listen that the GOP tax plan is nothing more than a tax break for millionaires and an attack on middle class working families. But, as the Wall Street Journal points out this morning, America's millionaire, billionaire, private jet owners living in expensive urban areas are set to lose 'bigly' if Trump's $500,000 cap on the mortgage interest deduction survives.
Authored by Marianne Brunet via AdvisorPerspectives.com,
The conventional wisdom is that Millennials are a generation with unique needs and buying habits, but Neil Howe says that they are very similar to the Greatest Generation.
Howe, who coined the term “Millennial,” says that both generations are highly risk-averse, a characteristic brought on by their shared parenting environment.
In a talk last week, Howe explained how we can use generational patterns and historical economic trends to better understand the future of the global economy.