Via the FT, Deutsche has a big report out on inequality:
And they think its only getting worse. No surprises there.
This is one of our megatrends (see our primer for more details) that we see at the root of the lack of demand and the increases in debt. My take is that we are probably going to need another crisis before this gets resolved.
Maybe Trump’s tax cuts and plutocracy will inspire a lurch in the opposite direction – but that is years away.
Damien Klassen is Head of Investments at the Macrobusiness Fund, which is powered by Nucleus Wealth.
The information on this blog contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Damien Klassen is an authorised representative of Nucleus Wealth Management, a Corporate Authorised Representative of Integrity Private Wealth Pty Ltd, AFSL 436298.