"There is a deep sense of injustice right now, that inequalities have exploded, that the state is much less protective than it was of the weak, and much more protective of the strong."
"I think the federal government is going to have to do something about this because, basically, the potholes need to get fixed the traffic lights need to work."
So we really have two generally unhappy groups: people who want to work more and raise their income, and people who want to work less but keep their income.
While the period after Thanksgiving is traditionally when trading desks wind down for the year, there is still economic data to digest with this first week of December hosting a number of critical events that will set the agenda for markets running up to Christmas.
We doubt it will come as a surprise that some of Europe's most fiscally challenged countries are also those that offer the longest retirement across the entire OECD universe.
Over the course of 2019 we have been tracking three states – Michigan, Ohio and Indiana – because we believe the next US recession will start in the American upper-Midwest. Pennsylvania is also clearly moving in the wrong direction.
