Whatever the underlying reason, America middle class is contracting not because of shrinking population , but mostly because of declining income and consumption. In short, the good old time isn’t rolling back anytime soon. At least, not for the same people. Don’t stop thinking about tomorrow.
For the past few years, we became schooled in all kinds of financial instrumentation: derivative, quantitative easing etc….
New economy, old economists.
Half of them was right half of the time. The other half call themselves “contrarians”.
I bet on the future. I know kids are smart. They have been told to play it safe, to hold their cards closer to the chest.
And it (the Dream) did not materialize for them (at least, not for their European counterparts).
So, they figure. I am going out on the limp to strike for gold myself.
Estonian kids saw the success of Skype. As a result, they are learning how to code at an early age.
Long way from the fall of the Berlin wall to the building of the firewall.
Meanwhile, back at the range, American are forced to be “content” with loss leaders, everyday.
Dollar Stores are rising while the dollar itself isn’t worth much.
Made-in-China use to be jeered at. Now it’s the only game in town.
I know new games are in the works. Part of the chain of evolution is to invent disruption e.g. flat panel TVs vs tube TV‘s, Wi-fi vs cable wiring. Perhaps someday we will see the electrification in transportation. For now, adjust your expectations. Wake up hot-dog nation. Rise from your slumber. Step out into the darkest of nights where the stars are few, but much brighter. The glass has always been half full. It’s in the American character, belongs to those who left behind the familiar for the unfamiliar. Those who dare to dream and dream big. Anchor it really high. And turn a portion of it into reality. One by one, and together, Yes We Can, again. An adjusted American Dream., smelled more like our new reality, is still better than none.