Via StockBoardAsset.com,
It’s no secret that America’s infrastructure is in dire need of repairs. Earlier this year, America received her infrastructure report card from the American Society of Civil Engineers’ and received a repulsive D+. The ASCE guesstimates the US would need to spend $4.5 trillion by 2025 on infrastructure.
Here’s the breakdown of the report card:
Via Global Macro Monitor,
The last words my father spoke to me before he died in 1996 was, [“Gregor], somebody is going to have to do something to help the poor.”
Fast forward to 2017. Never has the wealth gap in America been so wide. This creates the initial conditions for a very uncertain and potentially unstable and explosive political and economic future.
From the Slope of Hope: I've had a lifelong fascination with wealth and, more recently, wealth disparity (for proof, look no further than the SocialTrade stack on this very topic). I grew up in Baton Rouge, Louisiana in a happy, financially-secure, but very much middle-class family. We lived in this house:
Authored by James George Jatras via The Strategic Culture Foundation,
Being rich is great. But being rich in America? That’s even better.
With US stock benchmarks trading just below record highs, and Treasury yields not too far from the all-time lows reached last summer, the gulf between the world’s wealthy elite – those 18 million households worldwide with more than $1 million in assets – and everybody else is rapidly widening.