The Top of the Wealth Effect
Week two of August. Schools start back soon. Last chance for summer vacations. Football and fall return. The Dow reaches 22,000 this month, proving the “wealth effect” has worked…right? Yet, cognitive dissonance abounds as we watch global markets and world news. North Korea Says Guam Strike Plan Ready Within Days, CNN, Aug 10 ‘17 Chinese Daily Turns Outright Hostile, Says Countdown to India-China War Has Begun, The Economic Times, Aug 9 ‘17 Will these headlines turn into even