Worldview Investing - Ruminations on the World Economy

We have written frequently about the harmful effects of government policies on the middle and lower classes throughout the Western world. Wage gains never keep pace with rising inflation. Ever more authoritarian controls over the public constrain their freedoms and limit their opportunities. No one in politics takes responsibility for these outcomes. Rather, those in power appear to be doubling down in their efforts to further enrich the elite at the expense of the workers who produce the goods and provide the services. A LendingClub report found that nearly two-thirds of the U.S. population now lives paycheck to paycheck, up from 61% at the end of the last year. Bankrate.com reports that three-quarters of respondents say that price hikes have hurt them financially. It is not their imagination. The US government admits to soaring inflation through their consumer price index (CPI) reports but the real numbers are far worse.