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


By ttsmyf   Follow   Wed, 17 Apr 2013, 2:44pm PDT   41,315 views   37 comments
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"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 114.0 50 56% drop 100 40 60% drop
Dow 5/2015 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

Comments 1-37 of 37     Last »

ttsmyf   Sat, 4 May 2013, 12:49am PDT   Share   Quote   Permalink   Like   Dislike (3)     Comment 1

DEBATE STARTUP
http://www.debate.org/debates/Should-The-Public-Be-Suckered/1/

MLMonterey   Wed, 5 Jun 2013, 1:21pm PDT   Share   Quote   Permalink   Like (2)   Dislike (2)     Comment 2

Wow! Great choices. First time I've seen graphs that show the trends & dynamics that caused the recession of 1969-70 (and on) that whacked the construction & design industries (and me & my father's firm). Thanks. Also like the theme - Never give a sucker an even break? ;-)

marcus   Wed, 5 Jun 2013, 11:19pm PDT   Share   Quote   Permalink   Like (1)   Dislike (1)     Comment 3

household debt includes mortgages, which apparently is the form of "overconsumption" that has been occurring since 2000.

He should include a graph of wages as a percentage of GDP.

marcus   Wed, 5 Jun 2013, 11:24pm PDT   Share   Quote   Permalink   Like (5)   Dislike (1)     Comment 4

http://research.stlouisfed.org/fred2/graph/?g=2Xa

ttsmyf   Thu, 6 Jun 2013, 2:17am PDT   Share   Quote   Permalink   Like   Dislike (2)     Comment 5

MLMonterey says

Wow! Great choices. First time I've seen graphs that show the trends & dynamics that caused the recession of 1969-70 (and on) that whacked the construction & design industries (and me & my father's firm). Thanks. Also like the theme - Never give a sucker an even break? ;-)

Thank you. Here's how I sawW.C. Fields’ line: “Never give a sucker an even break, or smarten up a chump.”.
I think that the USA status quo is consistent with 'education' as a four letter word.

ttsmyf   Thu, 6 Jun 2013, 2:50am PDT   Share   Quote   Permalink   Like   Dislike (2)     Comment 6

marcus says

household debt includes mortgages, which apparently is the form of "overconsumption" that has been occurring since 2000.

He should include a graph of wages as a percentage of GDP.

My chart under 'Longtime overconsuming' shows two simple and standard metrics that had decisive trend breaks in the mid-1980s.
AND these mid-1980s trend breaks match the effective end of the Fairness Doctrine, and the 1985-6 sales of all the big three TV networks, with news portions cut.

adarmiento   Fri, 7 Jun 2013, 3:58pm PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 7

marcus says

He should include a graph of wages as a percentage of GDP.

Good call Marcus. As profits are being more squeezed from workers, and stock prices are going up, wages appear stagnated. The only way to keep up with this is for workers to take what little savings they have and buy the blue chip stocks that benefit from the profit squeezing.

ttsmyf   Sat, 8 Jun 2013, 1:23am PDT   Share   Quote   Permalink   Like   Dislike (2)     Comment 8

adarmiento says

marcus says

He should include a graph of wages as a percentage of GDP.

Good call Marcus. As profits are being more squeezed from workers, and stock prices are going up, wages appear stagnated. The only way to keep up with this is for workers to take what little savings they have and buy the blue chip stocks that benefit from the profit squeezing.

AGAIN:
My chart under 'Longtime overconsuming' shows two simple and standard metrics that had decisive trend breaks in the mid-1980s.
AND these mid-1980s trend breaks match the effective end of the Fairness Doctrine, and the 1985-6 sales of all the big three TV networks, with news portions cut.

Bellingham Bill   Sat, 8 Jun 2013, 2:17am PDT   Share   Quote   Permalink   Like (2)   Dislike (1)     Comment 9

adarmiento says

The only way to keep up with this is for workers to take what little savings they have and buy the blue chip stocks that benefit from the profit squeezing.

if everybody did that the yields would disappear there, too.

the 1% economy only works for the 1% who *already* own everything

Bellingham Bill   Sat, 8 Jun 2013, 2:30am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 10

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

Danes, same thing.

Dutch, even more so.

"Regulators let the average loan-to-value ratio of new mortgages soar to 120pc at the peak. Since mortgage interest is tax deductible, around 60pc of the entire stock of mortgages is interest-only."

http://www.telegraph.co.uk/finance/financialcrisis/10031680/Debt-crippled-Holland-falls-victim-to-EMU-blunders-as-property-slump-deepens.html

they done fcked up.

Mikhail01   Fri, 2 Aug 2013, 7:50am PDT   Share   Quote   Permalink   Like (2)   Dislike (4)     Comment 11

Stocks........stock market......corporations. Donate your money to Wall Street ("failed" banks and their tribal corporations) so they can continue using average middle class American's money to ship even more jobs (nearly can't be as so few left) and industry (same comment) to China and now South America for even more Wall Street corporate (tribal) profits.

Yes, in a way it's so amusing that Wall Street corporations used the average American's money to ship that very American's job overseas for their tribal profits. Our political prostitutes in D.C. are owned by those very "failed" Jewish banks that bankrupted our economy with their real estate bubble-bust con job, sold worthless derivatives to our pension funds, and has our rogue American military fighting the enemies of the nation they are truly loyal to......while focusing their efforts here thru those very same political prostitutes on restricting our freedoms and cancelling the rights bestowed us as Americans under the Constitution.

Dual citizenship equates to TRAITORS to America.

Call it Cowardice   Fri, 2 Aug 2013, 8:32am PDT   Share   Quote   Permalink   Like (4)   Dislike (1)     Comment 12

Bellingham Bill says

if everybody did that the yields would disappear there, too.

Not to worry: nothing is done by everybody. Besides, this is the last thing Americans tend do with their money. Why buy stock in the corporation to whom you are a slave? When there's something fatty, salty and sweet that ruins your cardiovascular health?....it's a no-brainer what's gonna get the bucks. As much as we get screwed by our screwers, we give them (on average) every bit of help they need. And our politicians do as well! If the average American could tie his shoe without taking out a loan and buying an unlimited data plan to show him the necessary website maybe he wouldn't have spent so much money on those ridiculous butt toning shoes.

Mikhail01   Thu, 8 Aug 2013, 1:08am PDT   Share   Quote   Permalink   Like (4)   Dislike (2)     Comment 13

Maybe if Wall Street's "failed" Jewish banks and corporations that bankrupted our economy with their real estate bubble/bust scam, selling worthless derivatives to our pension funds KNOWING THEY WERE WORTHLESS ALL ALONG, and fostering and forcing on us their perpetual war for corporate (tribal) profit machine
.......hadn't also shipped American jobs and industry overseas for even more Wall Street tribal profits,
then Americans could do as they did in the 60's.......find decent paying local jobs and thus they might not be taking out those mortgages.

And if Wall Street's wholly owned political prostitutes in D.C. hadn't taken over the educational process (No child left behind.....so we keep them ALL behind), they might have learned to tie their shoe laces as was also done back before Wall Street bought up 90% + of those political prostitutes. And thanks to Wall Street's tribal media (ownership of ALL major American media......search "Who owns American media" and see for yourself), the peasants they've created with Keep All Children behind don't know anything but a two headed, one party (Wall Street) system.

That's why now the Democrats are now the new War Monger Party and current darlings of Wall Street's perpetual war for corporate (tribal) profit machine. Obama not only continues Bush's useless wars, but has soldiers in more countries than even Cheney had to balls to shoot for (fighting the Hebrew's, but not necessarily the Jew's, half brothers....the real Semites of the mid-east, not Khazar infiltrators).

And Obama owns the title for Murder by Drone, including the "Children" category. Democrats, the new WAR MONGER PARTY.....but the Republicans fight hard to regain the title and prostate themsevles even farther before those criminals in Bloomthing's Jew York .........
that their kin in Treasury donated our hard earned tax dollars not only to their "failed" banks of scam, but then rewarded those criminal CEO kin of his with even more of our tax dollars for doing such a wonderful job of bankrupting America. No...not Jack Lew, their current kin there, but Timothy Geithner whose father, while an investment bankster in China for the criminal Warburg clan had in his employee one Anne Dunham, mother of our current reigning head of those American political prostitutes, President Obama (who has a Cabinet full of Jews more loyal to blood and jobs in China than to America or Americans, but the last several Presidents fit that description).

And not only can I tie my shoe, I do so in a combat lace. Time to restore a Constitutional government. Our current one is illegal and as such any taxing authority is also illegal and unConstitutional. When the checks either fail or fail to buy a couple loaves of bread (thank you Mr. Lithuanian Jew, Ben Bernanke...but so is Netanyahu and his predecessor, Sharon "The Butcher") for bringing 1920s & 30s Germany style hyperinflation to America.

Right before Germany invaded Lithuania, the Russians, with help from non-ethnic Lithuanians.....and a few Hebrews, were rounding up and shipping these very same people to camps in Siberia. When Germany invaded, they started the very first of that over blown story of the Holocaust with, and maybe BECAUSE OF, these very same people that Russia and the locals, including some Hebrews, cared nothing for. Seems everywhere they go it ends up that way, thus a black eye for Charles Darwin and his "Theory of Evolution" as these folks are so Neanderthal like they never evolve. They're doing the same scams and leeching they've done for centuries.

You need to learn that combat tie......and quit watching those butt whatever commercials on TV.

ELC   Mon, 9 Sep 2013, 12:25am PDT   Share   Quote   Permalink   Like (2)   Dislike (1)     Comment 14

ttsmyf says

“Never give a sucker an even break, or smarten up a chump.”.

"You can't cheat an honest man; never give a sucker an even break, or smarten up a chump."

FortWayne   Mon, 9 Sep 2013, 4:36am PDT   Share   Quote   Permalink   Like (2)   Dislike (6)     Comment 15

Welfare state and government unions are killing the nation.

iwog   Mon, 9 Sep 2013, 4:59am PDT   Share   Quote   Permalink   Like (5)   Dislike (1)     Comment 16

FortWayne says

Welfare state and government unions are killing the nation.

This is bullshit. You'd have these employees earning the same as a WalMart greeter.

ELC   Mon, 9 Sep 2013, 6:13am PDT   Share   Quote   Permalink   Like (3)   Dislike (1)     Comment 17

iwog says

FortWayne says

Welfare state and government unions are killing the nation.

This is bullshit. You'd have these employees earning the same as a WalMart greeter.

Yes, he's grossly misinformed. Most likely the result of watching Fox News.

MershedPerturders   Thu, 3 Oct 2013, 10:31pm PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 18

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.

John Bailo   Sun, 13 Oct 2013, 12:52am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 19

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.

ttsmyf   Sun, 20 Oct 2013, 3:59am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 20

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

ttsmyf   Sun, 16 Mar 2014, 5:06am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 21

All the histories now updated thru 2013, at least.

ttsmyf   Tue, 8 Apr 2014, 10:46am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 22

SUMMARY section added at beginning.

ttsmyf   Mon, 30 Jun 2014, 4:04am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 23

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

ttsmyf   Wed, 6 Aug 2014, 4:28am PDT   Share   Quote   Permalink   Like   Dislike     Comment 24

Recent EXTREMES added to table at end.

darlag   Tue, 26 Aug 2014, 11:25am PDT   Share   Quote   Permalink   Like   Dislike     Comment 25

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/

ttsmyf   Tue, 26 Aug 2014, 12:38pm PDT   Share   Quote   Permalink   Like   Dislike     Comment 26

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.

tatupu70   Tue, 26 Aug 2014, 9:23pm PDT   Share   Quote   Permalink   Like (1)   Dislike     Comment 27

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?

ttsmyf   Wed, 27 Aug 2014, 3:23am PDT   Share   Quote   Permalink   Like   Dislike     Comment 28

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.

tatupu70   Wed, 27 Aug 2014, 3:29am PDT   Share   Quote   Permalink   Like   Dislike     Comment 29

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.

ttsmyf   Wed, 27 Aug 2014, 3:32am PDT   Share   Quote   Permalink   Like   Dislike     Comment 30

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-/

tatupu70   Wed, 27 Aug 2014, 3:40am PDT   Share   Quote   Permalink   Like   Dislike     Comment 31

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.

ttsmyf   Wed, 27 Aug 2014, 4:11am PDT   Share   Quote   Permalink   Like   Dislike     Comment 32

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.

gsr   Wed, 27 Aug 2014, 4:26am PDT   Share   Quote   Permalink   Like   Dislike     Comment 33

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.

ttsmyf   Wed, 27 Aug 2014, 4:44am PDT   Share   Quote   Permalink   Like   Dislike (1)     Comment 34

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' ...!

tatupu70   Wed, 27 Aug 2014, 5:35am PDT   Share   Quote   Permalink   Like   Dislike     Comment 35

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"?

ttsmyf   Wed, 27 Aug 2014, 8:26am PDT   Share   Quote   Permalink   Like   Dislike     Comment 36

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.

ttsmyf   Sat, 6 Sep 2014, 6:06am PDT   Share   Quote   Permalink   Like   Dislike     Comment 37

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

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