Opinion: Why a great US economy doesn't feel so great
Low unemployment doesn’t make up for wealth loss, wage stagnation, rising inequality and declining economic mobility.
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The economy is not doing that well. It is nothing more than a credit inflated bubble. The low interest rates are what set this all in motion. The Fed knew what it was doing and now, with interest rates rising, it is starting to turn. The "wealth effect" is going to be the unwealth effect.
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