This Is An Extinction Level Event For The Middle Class. IMPORTANT UPDATES. Mannarino
From Greg M
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Middle class has been truly gone for quite some time. They have used debt to masque their inability to live on their devalued wages. It is important to distinguish between "middle income" and "middle class" They are no longer the same. Middle income is working poor by any metric. What is coming will actually wipe out the upper middle and lower affluent more because they are the ones that own the majority of stocks/real estate. And those are about to collapse.
temporary inflation
transitory inflation
disinflation
sticky inflation
what’s next, annihilating inflation?