“Income inequality in this country is just getting worse and worse and worse,” says James Chanos, president and founder of money managers Kynikos Associates. “And that is not a recipe for stable growth.”
The Dow Jones industrial average didn’t regain its September 1929 peak of 355.95 until 1954.
“If nothing is done about income inequality, there may be recurring crises,” says Michael Kumhof.
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