Seeking to draw parallels between modern America and decadent Rome, Washington's Blog links to this:
A dwindling middle class, the flight of the rich to safer places (think of the recent Chinese and Russian expatriates)... it's suggestive.
The above arises indirectly from Barry Ritholtz's latest piece, in which he lists many economists and professors who also claim that widening income inequality harms the economy and generates boom-bust cycles.
READER: PLEASE CLICK THE REACTION BELOW - THANKS!
All original material is copyright of its author. Fair use permitted. Contact via comment. Unless indicated otherwise, all internet links accessed at time of writing. Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.