Deplorables’ Revenge – 11.11.2016

Quick comment on the election results. Americans not-in-the-labor-force. The overemphasis on ‘growth’ in the economy: there is a need to focus on other criteria. Why the future requires a massive drawdown in stock market values. The absurdity of an 8% annual return for retirement plans. This will never happen, averaged out over time. National debt service is poised to soar out of all proportion to economic reality. Galloping automation worldwide: a universal employment problem. This will obviate the need for oil whose prices are set to decline for the foreseeable future.