Part 8/9:
The economic indicators signal a trend towards decline. With the job market showing signs of weakness—evidenced by lower job finding rates and a shrinking labor force—many Americans find themselves increasingly concerned about their financial futures. Additionally, optimism in the stock market is being overshadowed by the likelihood of falling stock prices as interest rates rise, making both home and stock ownership more precarious.
As prices of essential goods rise, combined with stagnant wages and increasing credit card debts, the burden on low and middle-income earners continues to escalate. Faber argues that the economic structure is at risk of collapsing if the affordability crisis is not adequately addressed.