Looking at historic economic data can sometimes be a bit ... bleak ... Over the last 5 decades wages have been left behind by economic productivity, houses have gone from an essential good to a coveted investment, we are saving less money than ever before, prices for everyday goods have outpaced earnings,
The financial industry has become the largest sector in the economy, debt around the world has spiked to unsustainable levels, and inequality has broken new records ...
@#15 ... Gold is making a comeback because Trump is sabotaging the full faith and credit of the United States Government. ...
Yeah, it recently hit an all-time high, somewhere around $3,400 an ounce.
It has backed off that and Pres Trump as put his tail between his legs and retreated on his tariffs positions, though.
Interesting, also, Sec Bessent seemed to find the need to say at this week's Milken Conference that the US still remains the center of global investment.
Milken Crowd Warms Up to Tariffs While Condemning All the Chaos
www.livemint.com
... At times, the conference offered a split screen of confidence and concern.
On one side, Bessent emphasized that the US is in a strong negotiating position, remains the "premier destination" for international capital and will become an even more appealing environment for "investors like you."
But many Wall Street leaders painted a vivid picture of C-suite uncertainty. ...
@#20
And, fwiw ...
Global Conference 2025
milkeninstitute.org
... The Milken Institute Global Conference brings together the world's brightest minds to address the most urgent challenges and unlock the most promising opportunities of our time. This premier event connects individuals with the capital and influence to drive change with experts and innovators transforming health, finance, business, technology, philanthropy, industry, and society.
In today's complex world, we face escalating geopolitical tensions, an intensifying climate crisis, economic inequality, public health challenges, and the rapid advancement of artificial intelligence. These forces are reshaping industries, governance, and the global workforce. The 28th annual Global Conference will unite our diverse, forward-thinking community to tackle these critical issues and explore solutions that pave the way for a more sustainable, equitable, and resilient future.
Join us to reflect on recent disruptions and innovations, and translate insights into meaningful actions to create healthy, prosperous lives for all. ...
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