Capital Divergence

 The money pump, S+(m-x) = I + (g-t),71 traces the liquidity flow from the buy side of the equation on the left to the supply side on the right. As deficit trade (m-x) grows, approaching a trillion dollars a year, one sees that S (consumer savings), must shrink, or I (investments on the supply side), must blossom, along with government spending (g-t). And blossom it did. The stock market looks good, but the middle class suffers stagnation, and job loss is accentuated by fentanyl from China, depression, homelessness, and a humanitarian crisis.