Our economy is like the US hockey team……or not…
“So the health is the US corporations is becoming completely decoupled from that of the US economy, which is a frankly new development. That may or may not be a good thing (it certainly is for the investor class), but it is worth flagging, as it is likely to have far reaching political consequences, given US corporations’ influence on domestic US politics. The interests of US corporations and US citizens have never been completely aligned, but at least they were still falling somewhat within the same community. It may no longer be the case at all.
Which is worth pondering.”