Jason Hartman dives into the idea of negative interest rates and WHY they would happen and how people respond to them. Then he finishes off his analysis of Dan Kennedy’s idea of the mass affluent and how the middle class has been (and continues to be) impacted by it in today’s world.
[2:50] Banks charging negative interest rates
[8:50] Negative interest rates are trying to bring future consumption to present day
[11:01] The middle class is disappearing, and there’s a danger of sliding down the socioeconomic ladder if we don’t grab hold and start pulling yourself up
[14:52] Inflation always hits the poor the hardest
[19:22] The poor and lower middle class are also targets for sectors like payday lending, which keep them down
[23:13] When new generations (like Millennials) can’t enter the investor class early in life, it makes a MASSIVE difference over their lifetime
[26:57] Investing is a relative game