[poof131]

If able, perhaps focus on your earning potential. We’ve had a forty-year run of asset price inflation relative to wage inflation. We may have hit the end of this period and will see a realignment with wages increasing at a faster pace than capital assets, similar to what happened in the 1970s. The Asset Economy is a somewhat dry but interesting book that presents a more academic take on the economic patterns of the last forty years.[1] The increase in unionization efforts, anti-trust, and the inability of the FED to manage inflation seem to point in this direction.

Otherwise, monopolies still seem strong for now with pricing power. Areas the government will print money to fund also seem like a decent bet: defense, climate, …? And you can try to maintain purchasing power with gold or crypto or real estate (in non-bubble areas). But we may be entering some challenging times for those with assets.

1. https://www.wiley.com/en-us/The+Asset+Economy-p-978150954345...