The Global Middle-Class is in Trouble

 Greg Mannarino is a founder of https://traderschoice.net/ and a financial strategist. In this video, he argues that we are worse off than a recession here right now. He says, “the global economy is in free-fall. It’s not going to stop.” He concludes that the Fed only has one tool in its arsenal, “and it’s how they can manipulate the debt… that’s it.” This video can be a bit of a downer, but videos like this are an important part of understanding our economic world and what is happening globally. This is part of a story I’ve been following about how global wage growth is pulling wages in the developed world down to a global median which is bad news for the global middle class. The world is becoming more unequal, and income in concentrated at the top.