The New Austerity and the Discovery Investing Scoreboard

There’s a new austerity creeping up on the world’s citizens this AM. It is still difficult to see but it is becoming painfully visible. This “New Austerity” is one ramification of the “New Normal” posited by Pimco’s Bill gross in 2008 i. It is mostly invisible visible today in the U.S. and Canada.Yet one country after another has been asked to bear a new austere lifestyle. These messages have not been vocalized in North America, yet. But a creeping austerity is being forced by the economic conditions here in the US and Canada.

Written by Michael A. Berry, Ph.D. - [ Discovery Investing Web Site ]