FLASH- Fed to taper another $10 billion. Maybe they are concerned about all the interest income they are removing from the economy? 😉
Private investment is low. Executives are conflicted: They regretted missed investment opportunities and yet they also had risk averse attitudes. Productivity is falling off a cliff with no dividend to labor as well.
So much of what has befallen America has been a financial illusion. Over several decades historical income, wealth and production patterns have broken down.