Actually the bottom 20% would owe a slice meaning they would owe more than their negative net worth of -$8,900.00. The middle 20% would get 2 slices and the bottom quintile 40% would get none. That leaves just 10 percent of the pie for the remaining 80 percent of the populace or party. The top 20% of earners in this country would get 90 slices. To get a good visual of this wealth gap, imagine that you were invited to a Super Bowl party and there was one pie that will be divided into 100 pieces based on each of your net worth (total asses-total debt). These are just a generic set of statistics with just a vague understanding of the financial disproportion happening at the middle class level of the economy. America’s 1% hasn’t controlled this much wealth since before the Great Depression. According to The New York Times, the richest 1 percent in the United States now own more wealth than the bottom 90 percent. while the bottom 90% of Americans held 73.2% of all debt. The Long-term Debt Cycle (Which typically takes about 50 to 75 years to play out)"Ĭurrently, the richest 1% of Americans hold about 38% of all privately held wealth in the United States.The Short-Term Debt Cycle (Typical length of 5-10 years).The Wealth Divide between the haves and have-nots.I will cover the four threats below and discuss how investing in "Opportunity Funds" may be the unconventional solution to prevent a severe recession from occurring and eventually close the wealth gap that exists in this country. Unlike the financial Crisis of 2008 (Where policy makers had plenty of monetary policy options and cash to recapitalize the financial system) this time around central banks will have fewer and less effective monetary policy options, which may result in a once in a lifetime financial crisis similar to that of 1937. While it will be tough to predict the timing, severity and length of the next recession, we can identify a key growing threat (debt) exacerbated by the growing wealth divide and the lack of potent central banking tools that can make the next recession more severe than the one of 2008.Įxcessive corporate and consumer debt compounded with the synchronization of the short term and long term debt cycles is most likely going to cause the next financial crisis (A.K.A. Place the stencil on your pumpkin with tape to carve directly through the stencil, or you can transfer the stencil by tracing it on to the surface of your pumpkin.The economy has been going strong for nine years, one of the longest economic expansions in the United States on record. ![]() ![]() Print your icon in the final size you need. Measure your pumpkin and resize the icon to fit. Here are a few examples of icons that work well as stencils: Bats icon by Leona Grande Zombie Hand icon by Cristiano Zoucas Monster icon by Alvaro Cabrera Undead icon by Icons Producer Next, download your iconĭownload your icon as a PNG and open the file in Preview. Choose simple icons instead of icons with lots of intricate detail for the best results. Solid icons and icons with a clearly defined outline work best. Search for the icon you’d like to turn into a stencil for your pumpkin. Use Noun Project icons to DIY your way to the best Halloween pumpkin yet □Ĭarving pumpkins this weekend? You can create your very own carving stencils using Noun Project icons.
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