Danielle DiMartino Booth: BUCKLE UP – Phase 2 Of Layoffs Hitting High Income Earners
Today Danielle DiMartino Booth gave an incredibly powerful interview covering everything from buying the dip in gold to warning the coming collapse may be worse than what we saw in 2008-2009 as phase 2 of the layoffs are now hitting high income earners.
September 26 (King World News) – Danielle DiMartino Booth: The Fact is that the top 2% of earners in America account for a great deal of spending, and we are a consumption driven economy. So if the most educated people perceive that it’s unsafe for them to leave their houses and resume consuming, as they have before, then reopening an economy is not going to generate as much productivity or output as it would otherwise. And that’s exactly what we’ve seen.