About time... mainstream economists in the business forecasting community are catching onto a key reason for US economic malaise. The new S.&P. report is a sign of how worries that income inequality is a factor behind subpar economic growth over the last five years (and really the last 15 years) is going from an idiosyncratic argument made mainly by left-of center economists to something that even the tribe of business forecasters needs to wrestle with.
Posted on: Tue, 05 Aug 2014 17:57:24 +0000