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College educated Dual Income = over 100K yes in coastal cities it's over 200K
This is why you shouldn't worry about the middle class because they're making more money
Focus on the poor
Those who never graduated High School, Never went to college, have a drug problem
Why are you guys worried about people who are buying cars, buying homes, having sex and making babies
I'm just focused on trying to correct all the BS you are posting on here. You were 100% incorrect that more people are earning 100K in 2014 dollars now. I can't tell if you are purposely misleading or just don't know any better.
I'm just focused on trying to correct all the BS you are posting on here
Please show in this chart where Americans all of Sudden became a third world poor people
Honestly, you're making a great thesis for South America, you have the wrong country..
How in the world did Americans buy 100 Million cars and 40 Million homes if everyone is so poor in the last 8 years
Plus, if you think America's economy is the worst you really must hate the world
Fallacy of Logic is great here ...
Hence why retail sales, car sales and home sales are all at cycle highs and please don't make me post 80 years of consumption charts again
Please show in this chart where Americans all of Sudden became a third world poor people
Please show me where I ever said America is a 3rd world country.
Plus, if you think America's economy is the worst you really must hate the world
I don't think America's economy is the worst and I have certainly never said that.
Please show me where I ever said America is a 3rd world country.
There we go ... Ok ... Now that we have cleared the room of Americans not being dirt poor
Where on this chart did we become poor
Fallacy of Logic is great here ...
All on your end. All you can do is make strawman arguments. That I'm un-American. Or hate America. Or think America's economy is the worst in the world.
Just try to stay on topic and we can have a good discussion.
strawman arguments.
Just give me a timeline on this chart where we lost it as a country
There we go ... Ok ... Now that we have cleared the room of Americans being dirt poor
Where on this chart did we become poor
I've already told you the problem with that chart multiple times. Again--are you purposely being obtuse or are you being disingenuous?
The biggest problem is inequality. That chart shows the whole country so the gains of the 1% mask the real problem.
The biggest problem is inequality
You want Rich people to have less wealth, that would imply if the 1% just fell out the planet you have no issue with anything else then correct
For a country of 322 Million working 154 million that looks pretty good in 2016
You want Rich people to have less wealth, that would imply if the 1% just fell out the planet you have no issue with anything else then correct
It depends on what you do with their wealth after they fall.
Do you guys and gals agree with me on this, people just dressed better back then even very poor men had coats and dressed properly ...
The best thing about being a permabull is you will catch all the bull markets.
And also if you're in the business of selling securities how are you going to profit from the opinion that there's a 50% or better chance of a major downturn ? Better to just not go there. Am I right ?
College educated Dual Income = over 100K yes in coastal cities it's over 200K
This is why you shouldn't worry about the middle class because they're making more money
Okay, if that's your definition of middle class, then I guess you're right. 50 years ago, middle class was a painting contractor and a stay at home wife. Twenty years ago it was two 30k service sector jobs.
The best thing about being a permabull is you will catch all the bull markets.
Slow and Steady wins the race, long term portfolio, I only invest $ each month, could care less what the economic cycle tells me 25 year from now I will collect.
The real trick is having the capacity the investment each month and maintain your current debt to income ratio and liability cost in check
Cycles come and go but recession for long term investors are just entry points at lower levels, 20 years I will make it more conservative.
30k service sector jobs.
You seem like a reasonable man, can you see what I am trying to say :-)
Wow--who is preaching fear now? That response is more typical of CIC or indig-I would have expected better of you Logan.
-I would have expected better of you Logan.
You're the one who said what happens to their wealth when they fall
Most Americans even my darkest Marxist wanna be friends believe in property ownership... only a few tea leaves hippies even question the notion of rent and mortgages.
Old school Socialism died a long time ago and even great families of the dark Russian empire love the mob life too much to keep any glimmer of hope alive
And you see no problem with that chart? Really?
No, I don't, manufacturing sole economy is a dying business and all the countries that held to that thesis are really having issue.
Now, I do give credit to the Chinese for getting the memo on this and trying to move to a service sector jobs
154 Million working and we are still the 2nd biggest manufacturing country in the world
Look at the battle against poverty globalization did
What happened to me
40 years old listening to Beethoven - Moonlight Sonata, drinking mineral water, writing an article about demographic economics and housing, posting charts of poverty decline, fighting Gold bugs on twitter...
Not what I thought in my 20's ;-)
Most Americans even my darkest Marxist wanna be friends believe in property ownership... only a few tea leaves hippies even question the notion of rent and mortgages.
Old school Socialism died a long time ago and even great families of the dark Russian empire love the mob life too much to keep any glimmer of hope alive
And consider me among that club too. Last I checked the US had property ownership in the 1960s. That's the US economy I want.
Complete with rent, ownership, capitalism. So, please try again.
Also, with respect to your demographics argument. In the mid sixties, say 1966, looking forward at that time, wasn't the next 15 years going to see a HUGE HUGE increase in the 25 to 54 demgraphic ? The oldest boomers were then about 20. Markets are forward looking. Why did the staock market go into s secular downturm for 16 years.
I'm not saying it's because of the boomers. But if your theory is mostly built on that, it does refute it fairly well. It seems like the real boom was after the economy had finished absorbing the baby boom.
Any you guys and gals like art, I post historical photos timeline to history and historical art work each night
Any favorites you guys or gals have?
No, I don't, manufacturing sole economy is a dying business and all the countries that held to that thesis are really having issue.
You can never have an honest discussion, can you? Nobody is talking about a sole manufacturing economy. The US is moving closer to a sole service economy. That is not sustainable.
I'm not saying it's because of the boomers. But if your theory is mostly built on that, it does refute fairly well. It seems like the real boom was after the economy had finished absorbing the baby boom
How did you think we great from 2 Trillion to 19 Trillion from 1978 to now... 1980's and 1990's demographics was great that stopped in 2007.
Now the irony of Trump is that 90% of the labor force growth coming in the next 10 years are coming from Hispanics, if we didn't have Hispanics we would look like Japan 1994
You can never have an honest discussion, can you?
When I take you out to Dinner, Husband permitting, you and I are going to have a wonderful conversation about this
Nobody is talking about a sole manufacturing economy.
2nd biggest manufacturing country in the world, it's roughly 8.61% of the total work force.
Outside a trade war, not sure we want to grow that base, should focus 100% on green energy
When I take you out to Dinner, Husband permitting, you and I are going to have a wonderful conversation about this
Your trolling needs some work too.
Your trolling needs some work too.
Can a man who post charts and reveals his full name be a troll
You should google my name, don't think a troll could do that
If I was just going to base a stock market prediction on this, and considering it to be as huge a factor as you, I think I would have to assume a secular bear market until 2032 or so. Or maybe ending more like 2028.
Can a man who post charts and reveals his full name be a troll
You should google my name, don't think a troll could do that
Clearly it's possible as you are showing.
I think I would have to assume a secular bear market until 2032 or so
I try not to think that far out.. really my data lines keeps me keen with 3 months only. However, we don't have to worry about a Japan style 1989 top here... As you can imagine I have thousands of Japan charts, best case of demographics economics with Germany. But they are big economies.
Clearly it's possible as you are showing.
My lady, if I acting like a Troll, I promise I don't dance like one and you should always dance with a devil in pale moonlight ...
Lighten up, it's Sat night! :-)
My lady, if I acting like a Troll, I promise I don't dance like one and you should always dance with a devil in pale moonlight ...
Lighten up, it's Sat night! :-)
Oh, I'm not mad--just amused at your feeble attempts to troll me.
Barry Goldwater advises President Ford on how to beat Ronald Reagan, 40 years ago this month:
Oh, I'm not mad--just amused at your feeble attempts to troll me.
I have no idea what that even means, trust me, I have no intention of trolling anything
, If I have trolled you I am very sorry
I have no idea what that even means, trust me, I have no intention of trolling anything
, If I have trolled you I am very sorry
Uh-huh. If only you were half as clever as you think you are...
Uh-huh. If only you were half as clever as you think you are...
I hear that every night from my wife, she big bleeding liberal :-)
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I want names and everyone to pick their side and I want to save this thread for when the next decade comes I want us all to remember those who bet against this country
#Economics
The days of running your false economic theories on this site are over
Pick a side and Let this war begin because the recession timeline isn't that far off ... We will see how your 1929 thesis holds up