Why the economy is headed for ’20 years of ugliness’ — even if a major recession is avoided
“Not even the 70% marginal income tax on the super wealthy recently floated by Rep. Alexandria Ocasio-Cortez can save the day, Prince said. Followers of recent commentary from Ray Dalio— Prince’s co-CIO — should already be well familiar with Bridgewater’s view that divisive politics will make the next downturn that much more painful.”
USAGOLD note: The “new normal” goes long term with a twist – divisive politics that go beyond the atypical Washington gridlock.
Repost from 1-29-2019