patrick.net

Madison Avenue hasn't mattered in over ten years. We'll buy what Google tells us to, not commercial breaks of Lost and American Idol. Print ads don't convert anymore either, people don't read anymore.

As for television spots that do sell, the 19.99 pitch man infomercial deals are still cash kings.

People that make 200K don't sit around waiting for people to tell them to spend money on comfort frivolity. They are too busy making the money.

ayup. We were faking it 2002-2006 with the free money from the housing bubble machine, but that's all over now.

It costs more for an American factory worker to clock in than a Chinese one to work all day.

$100,000 can hire a team of 6 pros in India instead of 1 code monkey here.

Inflation will come, but it will only be price inflation, forcing us schlubs to rejigger our spending with substitute goods and consuming less when that doesn't work.

No wage inflation, no inflation, just reallocation.

I expect corporate profits to come under pressure later this decade, especially if the PTB decide to raise taxes like we desperately need to.

People selling the wars last decade should have included the potential costs. The $1.2T pricetag is going to be paid one way or another. The interest alone is $300/yr per household, but we're not even paying that.

shrekgrinch says

More left wing propaganda.

Tenouncetrout says

Madison Avenue hasn't mattered in over ten years.

sigh.

ah, look, pretty pictures:

from: http://motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph

and here's an article from a page with an american flag on it, so SG should like that:

http://sociology.ucsc.edu/whorulesamerica/power/wealth.html