After three destructive bubbles in just two decades, the Fed and its bretheren will not be able to blow a fourth. The system won't be able to withstand it.
Our slowing global economy will require decades of recovery to heal itself from the massive over-leveraging and malivestment binge we've been on.
So the existential question facing investors is: What will drive wealth accumulation in the coming era?
Investors are going to soon realize that without dependable gains, income becomes paramount. Specifically, income that will retain its purchasing power as inflation and interest rates rise.
from Peak Prosperity https://ift.tt/2qPWGLH
