Summary
This blog post discusses the widening gap between the wealthy and the bottom 90% of Americans in the context of the current economic climate, known as the 'Everything Bubble'. It highlights how while asset prices soar, a significant portion of the population faces detrimental economic conditions, delaying access to healthcare, and has shifted spending towards travel and luxury, neglecting essential needs. The author argues that a serious societal imbalance exists where consumer confidence is low despite economic growth, questioning what future awaits when the focus remains on superficial indulgences. The piece concludes with a note on the author’s book and subscriptions.