Secular stagnation is not the problem. Secular stagnation is an effect from not establishing effective fiscal policies and laws to combat the problem.



Here are aspects of the problem, which is the progressive, and successful transfer of real wealth to increasing populations.



1. No effective transfer of real wealth to increasing populations, but increasing consolidation of real wealth to a smaller and smaller population worldwide.



2. Earned income that only meets minimal survival demand does not allow any real transfer of wealth, regardless of full employment levels.



3. Margin Debt RISK VS volatility risk effects of rolling bear sector markets on increasing populations, with increasing gap of any real disposable income over a 40 year period.



4. Exponential increasing Real Disposable Income GAP VS global debt of national economies.





Majority of populations have been, are and will continue “working”. Presently in US, unemployment is relatively minimal. There are jobs, yes. There has been and there is no real transfer of real wealth within the present economies, with billions working worldwide. The present job scenario is really increasingly mass indenture. This is a real practical enslavement trend, that is not being discussed nor acknowledged in “polite conversation” (deliberately-my opinion). There are increasingly minimal contracts for any of the indentured workers worldwide. In fact, there have been extremely effective laws to increase the inability of any workers worldwide to work within any labor effective recognizable real contracts, especially in the US, middle east, and North Korea. The political implications of the political process to increase this scenario is increasing the instability of specific economies.





Following links are only for the US….. When you view the charts, recognize the increasing downward trend in incomes of lower “income” groupings/bands/. Notice the drastic upward trend of income for approximately only the top 5% of the population. This information is based on real comparative valid statistics. If you don’t want to take the word of my source,for what I am writing, go to the .gov sites and compare. Anyone can find the information, but it is quite difficult to publish consistent valid comparative charts. AP/SA is one of the best sources.



It’s not about employment. It’s not about jobs. It’s not about escalating valuations. It’s not about monetization. The problem is transfer of real wealth. All of those other issues are secondary, tertiary events due to the real problem of the transfer of wealth, that is not being addressed effectively by present fiscal policies, or laws.



In fact, real fiscal policies and laws have been increasingly written that counteract, and prevent real transfers of real wealth to larger populations. Whether the writing of the policies and laws have been deliberate is debatable. There has been much debate about that aspect or side issue of the real problem. There has been little clear presentation of what the real problem is. So, I am attempting to add by 2 bits worth. God only knows if I am contributing to defining the real problem. I am not just writing my opinion at this point.







https://en.wikipedia.org/wiki/Redistribution_of_income_and_wealth



https://www.advisorperspectives.com/dshort/updates/2018/08/20/margin-debt-and-the-market

https://www.advisorperspectives.com/dshort/updates/2018/08/13/five-decades-of-middle-class-wages-july-2018-update

https://www.advisorperspectives.com/dshort/updates/2017/09/19/u-s-household-incomes-a-50-year-perspective