The U.S. is home to a working class suffering from stagnant incomes and declining job prospects—widespread struggles that helped elect Republican Donald Trump. The relative wealth of Americans in all age groups keeps falling, compared with previous decades.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Cheer Up, America: 1,700 Millionaires Are Minted Every Day

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President Obama has been loud and clear about his fight against income inequality, but he admitted that the rich have fared far better than the poor during his time in the White House.

In an interview that aired Sunday on ABC’s “This Week with George Stephanopoulos,” the show host cited a recent study from the University of California, Berkeley, that found 95% of income gains from 2009 to 2012 went to the top 1% of the earning population.

Read the Full Article: Source – CNN
Time For Truth: (CNN) – Obama admits 95% of income gains gone to top 1% (2013)

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Brexit, rising populism across Europe, the ascent of Donald Trump in America, and the backlash against income inequality everywhere.

A slew of political and economic forces have nurtured a growing narrative that globalization is now on life support—a potential game-changer for global financial markets, which have staged a rapid expansion since the end of the Cold War thanks to unfettered cross-border flows.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Barclays Warns ‘Politics of Rage’ Will Slow Global Growth

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The classic line about financial markets is that they can deal with good news and they can deal with bad news, but they just can’t handle uncertainty.

By that reckoning, it’s a wonder markets aren’t in full-blown cardiac arrest right now. There’s the bizarre drama and uncertainty of the presidential race, of course. But add to that a host of other unknowns that may have much more bearing on the economy and your finances than whoever wins the White House.

Read the Full Article: Source – LA Times
Time For Truth: (LA Times) – Protect your money: Look out for these uncertainties looming over the economy

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