Can the US resolve these issues?
2) Slowing economy and high unemployment (including increasing High School drop out rates creating a structural employment problem);
3) Crumbling infrastructure: Electric Grid, Bridges, Tunnels, Roads, Naval Ports, Airports;
Fasten Your Seatbelts – Updated Cycle Projections Are Shocking
Swing Trade Screens – One Bad Trade Hurt But the Rest Bailed Us Out for a Win
4) Medical Costs that are double the rest of the industrialized world’s yet produces worse results.
5) Systemic deficits caused by unfunded tax cuts, unfunded entitlements, and a military bigger than the next 20 countries combined, (plus a lack of fiscal discipline);
6) A wholly dysfunctional electoral process, including corporate control of what was once a democratically elected legislative branch;
7) Increasing wealth and income inequality (Historically not a long term positive for social unrest and political legitimacy)
8) An overt hostility to empiricism and science (which helped create most of our wealth) and an embracing of “magical thinking”
9) An intellectually bankrupt political class married to outmoded, disproven, fantasy based economic ideas.
Note that the last of these is directly responsible for much of the prior 8 problems.
http://www.ritholtz….or-the-cavalry/
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