Why the economy is headed for ’20 years of ugliness’ — even if a major recession is avoided

Business Insider/Joe Ciolli and Henry Blodgett

“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

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