Further evidence of the permanent US downward spiral.
In the previous two pieces about the deflationary character of the current U.S. / global economy we attempted to show that the economy is entering a period that you might think of as perma-recession, or a deflationary downward spiral. The basis for this down-spiral action is the achievement of “peak inequality,” wherein the wealth of the global 1% now completely dwarfs the total accumulated wealth of the bottom 50%. This creates very stark contrasts throughout the global economy, one of which is the United States homelessness crisis. We’ll call this crisis a “terminal” crisis because the word indicates a kind of final, “endgame” situation. You may read the background narrative on this debt-default, deflationary downward spiral at these links:
Part I is here
this will be an ongoing series on the homelessness crisis, which we think will be an existential crisis in the USA, confronting anyone elected…
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