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Ask journalism how much it got for its soul. "The Public Be Suckered"


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2013 Apr 17, 2:44pm   82,767 views  35 comments

by ttsmyf   ➕follow (0)   💰tip   ignore  

"The Public Be Suckered" is (1) these histories,
and (2) keeping them out of sight.
(See latest magnitudes, and
earlier extremes, in table at end.)


SUMMARY
This page shows multiple track records of collective economic foolhardiness by the USA people. These pasts are nearly never shown to the people by the powers that be. This allows ignorance instead of learning, and it enables further fooling of the people.

First two charts Stocks and homes are assets priced in US$ -- so, their soundly shown price histories are inflation-adjusted ("real"). But such are seldom seen, because: Well apparent therein are our nation's serial, massive mispricings. Recently and unprecedentedly, both have been contemporaneously far above extrapolated history.

Third chart Contemporary with the preceding have been (1) the downward drift of the personal saving rate for three decades (11%→3%), and (2) the accompanying doubling, over two decades, of the household debt/income ratio after 25 years in the narrow range 0.51 - 0.60. "More consumption now!!"

Fourth chart The preceding two traces of annual data each broke trend after 2007, coinciding with a huge jump in U.S. governments' debt, shown here. "Recent debt jump is 2/3 of that for World War II".


Asset price histories that look like cocaine intoxications:


(And a recent Dow day is here.)

Longtime overconsuming:

Recent debt jump is 2/3 of that for World War II:

http://www.showrealhist.com/RD_RJShomes_PSav.html
http://www.showrealhist.com/debtGDP_whys.html
usa2true AT posteo.de

The MEDIA KNOW HOW:
Wall St. Journal
NY Times 8/2006


The Public Be Suckered, Magnitudes (Data are avgs for calendar yr/qtr/mo shown)
Ought
Ought Recent To Have
Latest → To Be* Change Extreme → Been* Change
Real 67.7 54 20% drop 100 54 46% drop
Homes 2014Q1 2006Q1
price
Real 110.2 51 54% drop 100 40 60% drop
Dow 6/2016 1/2000
price
Personal 4.3% 11% 2.5x rise 3% 11% Quadrup-
Saving 2014 2007 ling
Debt/ 0.91 0.56 38% drop 1.13 0.56 50% drop
Income 2014 2009
Debt/ 1.0 0.6 40% drop 1.0 0.6 40% drop
GDP 2014 2014
was 0.6 0.6 NONE!
in 2007
*From extra-
polated histories
(First 2 URLs above)

OBSERVATION Of the 11 data in the table, only one equalled its target,
or was even close: federal Debt/GDP = 0.6 in 2007. Now it is 1.0, and
needing a 40% drop to reach 0.6 target. Monumental USA penalty, earned!
Counsel: Shiller says SAVE

#IButtfuckMyGrandkidsInNewJersey

« First        Comments 15 - 35 of 35        Search these comments

15   MershedPerturders   2013 Oct 3, 10:31pm  

FortWayne says

Welfare state and government unions are killing the nation.

entitled and detached senior citizens who think were still living in the 1950s are killing the nation.

16   John Bailo   2013 Oct 13, 12:52am  

Population Numbers, Projections, Graphs and Data

http://www.susps.org/overview/numbers.html

U.S. overimmigration does not relieve overpopulation problems in third-world countries. Over 4.9 billion people live in countries poorer than Mexico.43 Each year the populations of the world's impoverished nations grow by tens of millions. Mexico grows by 2.5 million per year, Latin America by 9.3 million, South America by 5.4 million, and China by 8.3 million.4 U.S. overimmigration cannot have any significant affect on this number, even at current high mass immigration levels of over 1,000,000 per year.

17   ttsmyf   2013 Oct 20, 3:59am  

ALERT! ALERT! Added table of Magnitudes of suckering ... BIG!

18   ttsmyf   2014 Mar 16, 5:06am  

All the histories now updated thru 2013, at least.

19   ttsmyf   2014 Apr 8, 10:46am  

SUMMARY section added at beginning.

20   ttsmyf   2014 Jun 30, 4:04am  

See new “FAULT” shown for latest chart data.
For examples:

21   ttsmyf   2014 Aug 6, 4:28am  

Recent EXTREMES added to table at end.

22   darlag   2014 Aug 26, 11:25am  

ttsmyf says

Stocks and homes are assets priced in US$ -- so, their soundly shown price histories are inflation-adjusted ("real"). But such are seldom seen, because: Well apparent therein are our nation's serial, massive mispricings. Recently and unprecedentedly, both have been contemporaneously far above extrapolated history.

Just using inflation-adjusted numbers when pricing the DOW understates the actual damage that the Federal Reserve (and a complicit Congress) has done to the U.S. economy. Pricing the DOW in gold makes it all the more obvious that the current credit boom will implode soon. Actually, in every way but the stock market, the next Great Depression is already underway as this article's chart makes abundantly clear.

http://www.globaldeflationnews.com/silent-crash-why-the-real-value-of-the-dow-jones-industrials-matters-the-latest-report-from-elliott-wave-international/

23   ttsmyf   2014 Aug 26, 12:38pm  

Thanks for your reply, I bet we think similarly, despite my relating to CPI-U. I suppose that these histories
http://www.showrealhist.com/RHandRD.html
ONGOINGLY in folks' faces is the way to get thru -- but have yet to see it happen!
RW&B is losing its color, due to us with heads in the dark.

24   tatupu70   2014 Aug 26, 9:23pm  

ttsmyf says

ONGOINGLY in folks' faces is the way to get thru -- but have yet to see it happen!

RW&B is losing its color, due to us with heads in the dark.

I don't understand your point. Neither houses nor the Dow should be constant after adjusting for inflation. What do you think you're showing?

25   ttsmyf   2014 Aug 27, 3:23am  

I too was VERY surprised:
http://patrick.net/about.php?user_ID=43238
My point is that the mainstream people are severely fooled by being unaware of the real price histories, and they should get UNfooled!
Look at 1958-1998 for real prices of homes (NYT or mine) -- NO change! CPI-U went up a factor 5.6 -- look here:
http://www.showrealhist.com/TABLEnum.html
I wrote you yesterday, I believe, about the 9/1929 - 1/2000 DJIA being a factor 31. increase, but only a factor 3.2 real.
The people are severely deceived ... I hope this is becoming credible for you.

26   tatupu70   2014 Aug 27, 3:29am  

ttsmyf says

My point is that the mainstream people are severely fooled by being unaware of
the real price histories, and they should get UNfooled!

I don't think they are fooled at all. I think they understand why assets are rising faster than inflation and are comfortable with it.

27   ttsmyf   2014 Aug 27, 3:32am  

tatupu70,
Here I draw a connection of contemporary powers-that-be with Adolf Hitler, which I think fair.
http://occupywallst.org/condemn-venal-journalism-for-severely-fooling-the-/

28   tatupu70   2014 Aug 27, 3:40am  

ttsmyf says

tatupu70,
Here I draw a connection of contemporary powers-that-be with
Adolf Hitler, which I think fair.
http://occupywallst.org/condemn-venal-journalism-for-severely-fooling-the-/

Yes, I think your opinion has been well stated. I just think you're wrong.

29   ttsmyf   2014 Aug 27, 4:11am  

Your thinking appears to be that some recency is higher than some formerly for good reason. This depends on formerly having NO mispricing, with which I strongly disagree, as I have stated/cited.

30   gsr   2014 Aug 27, 4:26am  

Bellingham Bill says

even the virtuous swedes have bid up the cost of housing to unaffordability.

Danes, same thing.

Dutch, even more so.

Yes, except frugal Germans.

31   ttsmyf   2014 Aug 27, 4:44am  

Sad but true. I guess.

Please take a fast look at these
http://www.showrealhist.com/yTRIAL.html
http://www.showrealhist.com/RHandRD.html

And consider this fast thinking that has seemed right to me for years:
The MAIN ENABLER of sizable asset price bubbles is keeping real price histories rarely seen by the people.
I strongly suspect that the powers-that-be agree ... The 'absence' proves the 'importance' ...!

32   tatupu70   2014 Aug 27, 5:35am  

ttsmyf says

Your thinking appears to be that some recency is higher than some formerly for
good reason. This depends on formerly having NO mispricing, with which I
strongly disagree, as I have stated/cited

Yes, obviously we disagree.

But I think it's a bit conceited of you to assume that everyone else is "fooled" and YOU are the only one who sees the truth... Ever think perhaps you are the one who is "fooled"?

33   ttsmyf   2014 Aug 27, 8:26am  

Let me 'back up' to what I basically claim. The simple histories in the first four charts here
http://patrick.net/?p=1223928
ought to be well known to citizens of our free country. (In fact, these track records are nearly never shown!). It is indeed the choice of the individual how much importance/weight to give to the past -- but the past should be shown!

The Leader said to the subordinate "BUT, what is intellectual honesty's cash flow?!".
The fourth chart cited above shows 'piling on' done to our descendants, including ones not yet with a vote.

34   ttsmyf   2014 Sep 6, 6:06am  

Robert Shiller: “So save more is the most important thing. Even in cash.” (bottom of page)

35   John Taylor   2015 Dec 14, 11:54am  

Show this to the clueless and they'll just say it's been going on a long time.

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