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41   _   2016 May 24, 3:05pm  

thunderlips11 says

If youthful demographics made things better, Egypt and Bangladesh would be paradise.

Nice choice of countries

like I said, most people in the world aren't versed in demographic economics, even though the data is so obviously

Headline sensalism country

There is a group of us that are pilling up names of the new normal, secular stagnation, Great Depression Deflationary and going to make our point that these people just aren't versed in economics enough to know the difference

:-)

42   MisdemeanorRebel   2016 May 24, 3:06pm  

Logan Mohtashami says

Nice choice of countries

What, they don't exhibit large numbers of young people? Whereas Norway and North Dakota aren't heavily composed of old farts?

43   _   2016 May 24, 3:07pm  

Ages 17-29 and ages 49-65 very heavy in this cycle and then take away exotic loan off the grid

Of course home sales and mortgage demand was going to be soft.

Come years 2020-2024 if this trend continues of soft sales, then and only take we can talk about peak affordability to rate of grow model theory.

But until then, it's kind of silly to talk about that,

44   _   2016 May 24, 3:08pm  

thunderlips11 says

What, they don't exhibit large numbers of young people? Whereas Norway and North Dakota aren't heavily composed of old farts?

You're comparing countries that have low Per Capita Income to the United States of America, it's a silly thesis

New York has a 3 million plus bigger population than Denmark

45   MisdemeanorRebel   2016 May 24, 3:09pm  

Logan Mohtashami says

There is a group of us that are pilling up names of the new normal, secular stagnation, Great Depression Deflationary and going to make our point that these people just aren't versed in economics enough to know the difference

I find a lack of investment in basic science, inequality, lack of wages tracking with productivity gains, etc. to be better indicators. Nothing that reimposing Glass-Steagal, Tariffs, government-led subsidized affordable housing contracts, and AMT for Corporations can't fix.

46   MisdemeanorRebel   2016 May 24, 3:09pm  

Logan Mohtashami says

You're comparing countries that have low Per Capita Income to the United States of America, it's a silly thesis

Norway doesn't have a high per capita income?

Egypt and Bangladesh should be flooded with industries taking advantage of all that young, energetic labor!

47   _   2016 May 24, 3:11pm  

thunderlips11 says

lack of wages tracking with productivity gains

I never understood why Liberals think wages would match productivity from 1970 when Globalization came and destroyed poverty and we created a massive service sector that gave everyone jobs as compared to a hard export economy that would have been a disaster for America

Working from a low population base into a mass expansion of working population

Chinese got the memo and are desperately trying to switch their economy,

48   _   2016 May 24, 3:13pm  

thunderlips11 says

Norway doesn't have a high per capita income?

Your first 2 countries, not Norway or Denmark, they found a oil boom and have a relative small population

49   MisdemeanorRebel   2016 May 24, 3:13pm  

Declining population means higher wages and cheaper rents for the young! Some things must get done, can't be substituted or automated as the supply of labor dwindles. The less people, even if the housing stock completely stops expanding, landlords will have to offer bigger space and/or cheaper rents to fight vacancies.

It's also fantastic for the planet, for education, people and esp. children become more important, etc.

In societies with too many young people, life becomes cheap, pollution gets worse, education sucks.

It's why neoliberals are desperately open border, even though all but the dimmest must feel the pushback. Can't let their landlord and low wage service donors feel the pinch!

50   Strategist   2016 May 24, 3:13pm  

Logan Mohtashami says

The higher end is entry level in California. LOL.

51   _   2016 May 24, 3:14pm  

Strategist says

The higher end is entry level in California. LOL.

I see some 280K-400K In Riverside but under 150K for a new home not even in Garden Grove I would see that in 2016 pricing

52   MisdemeanorRebel   2016 May 24, 3:14pm  

Logan Mohtashami says

Your first 2 countries, not Norway or Denmark, they found a oil boom and have a relative small population

Sweden then. Or Iceland, which has nothing but fish and volcanoes. Or Luxemborg. Or Austria. Or Japan.

I'd much rather live in Japan than Egypt if I was 20 years old.

53   _   2016 May 24, 3:15pm  

thunderlips11 says

neoliberals

It's been interesting see the left fight the left in economics this cycle

54   _   2016 May 24, 3:15pm  

thunderlips11 says

Iceland

More people working at JC Penny and Costco than the entire population of Iceland, 330K people

55   _   2016 May 24, 3:16pm  

thunderlips11 says

I'd much rather live in Japan than Egypt if I was 20 years old.

You're white, you should not want to live in a Middle Eastern Country

56   MisdemeanorRebel   2016 May 24, 3:18pm  

Also: a youth bulge creates inflation, which creates the temptation to strangle growth to kill the inflation.

See the 1970s, worldwide.

57   _   2016 May 24, 3:18pm  

As always, can anyone point where we lost all the jobs to robots and globalization on this chart...

You can see why America has the best domestic economy in the world for a country it's size

Not bad for a country over 323 Million to have 43 year low in claims and 16 year high job openings total of 5.8 million

The old can't work forever, thankfully we have a massive young labor force coming on line!

58   MisdemeanorRebel   2016 May 24, 3:19pm  

Logan Mohtashami says

More people working at JC Penny and Costco than the entire population of Iceland, 330K people

So what? We're speaking of general trends. It's amazing Iceland can support 300,000+ people on pretty much fishing alone, hardly much tourism.

And Japan? Lots of people, 4 small islands.

59   _   2016 May 24, 3:19pm  

thunderlips11 says

See the 1970s, worldwide.

60   _   2016 May 24, 3:21pm  

thunderlips11 says

much fishing alone

I always call it a finishing village

But they tried their Hot Money Banking suck in

90 Billion Dollar of Hot money total GDP there is 14 Billion

Didn't the Head guy resign their recent after the Panama Papers...

Now the Pirates are coming politically

Arrrggggggghhhh

61   MisdemeanorRebel   2016 May 24, 3:24pm  

Yep, too many young people disproportionate to the rest of the population, all forming households at once and entering their prime consumer years, create inflationary pressure.

I think the proportionality is the issue. There are many millenials but just as many boomers. When the boomers were in their peak years, they overawed all other age groups.

62   _   2016 May 24, 3:25pm  

thunderlips11 says

create inflationary pressure.

63   MisdemeanorRebel   2016 May 24, 3:26pm  

See my above post... there are about as many millenials and boomers - that wasn't the case in the 70s and early 80s when the boomers dominated the demographics, overarching all other age groups.

64   _   2016 May 24, 3:27pm  

thunderlips11 says

70s and early 80s

We had great demographics in 1980's and 1990's prime age labor force growth was awesome then

65   Heraclitusstudent   2016 May 24, 3:33pm  

Logan Mohtashami says

Then the sales metric is still bad but not as bad as it looks

https://loganmohtashami.com/2016/05/22/demographics-housing-starts/

This shit is managed. The solution to massive foreclosures threatening the financial sector was to restrict building. And it worked: they have their prices back. But doing so they painted themselves into an impossible corner: Many young people will be locked out FOREVER unless they allow enough construction to push prices down. This in turn would be very unsavory to many older people.

More 18-34 leaving with parents than with a partner:
http://www.bloomberg.com/news/articles/2016-05-24/more-young-adults-now-live-with-parents-than-partners

The only thing to expect from demographics is that young people take over the politics.

Young people need to smell the coffee and wake-up. Boomers too: millenials are never going to pay what zillow say your home is worth.

66   MisdemeanorRebel   2016 May 24, 3:34pm  

Logan Mohtashami says

We had great demographics in 1980's and 1990's prime age labor force growth was awesome then

Growth for some, not so much growth for others.

The Silents had it great: Scarce Labor.

67   Heraclitusstudent   2016 May 24, 3:39pm  

Logan Mohtashami says

I never understood why Liberals think wages would match productivity from 1970 when Globalization came and destroyed poverty and we created a massive service sector that gave everyone jobs as compared to a hard export economy that would have been a disaster for America

Destroyed poverty? What are you smoking?
Globalization destroyed developer nations middle class and made some very rich, and that's about it.

68   _   2016 May 24, 3:39pm  

thunderlips11 says

We had great demographics in 1980's and 1990's prime age labor force growth was awesome then

This is the big liberal chart I have seen for years and then I add this because that chart complete non sense
'

How could this if everyone is so broke and there is no middle class...

69   _   2016 May 24, 3:39pm  

Heraclitusstudent says

Destroyed poverty? What are you smoking?

70   _   2016 May 24, 3:40pm  

Come on

You guys can do better that this

Tell me how broke stupid and pathetic Americans

are again

71   _   2016 May 24, 3:40pm  

Poor America...

72   Heraclitusstudent   2016 May 24, 3:49pm  

Logan Mohtashami says

As frequently talked about here: a farmer doing subsistence farming "earned" nothing and was counted as poor, but a semi-slave in a shoe factory wearing diapers because no bathroom break earning $2/day isn't.
That's the exact opposite of reality.

73   Heraclitusstudent   2016 May 24, 3:51pm  

Logan Mohtashami says

Poor America...

The standard of living after paying for housing, healthcare and education collapsed dramatically.
An other fine example of lying with charts.

74   _   2016 May 24, 3:52pm  

Heraclitusstudent says

The standard of living after paying for housing, healthcare and education collapsed dramatically.

An other fine example of lying with charts.

If that was case you have a mass exodus of Americans

75   Heraclitusstudent   2016 May 24, 3:56pm  

Logan Mohtashami says

If that was case you have a mass exodus of Americans

I didn't say things are better elsewhere. Globalization, you know.
The only refuge is to be rich.

76   tatupu70   2016 May 24, 4:01pm  

Heraclitusstudent says

The standard of living after paying for housing, healthcare and education collapsed dramatically.

An other fine example of lying with charts.

And child care. The only reason the 100+ line is going up is because women got jobs instead of taking care of the family.

77   Y   2016 May 24, 4:03pm  

I was hoping for the pothead picture...

Ironman says

I think your glasses have a certain "tint" to them:

-



-

(hint: Rose)

78   _   2016 May 24, 4:08pm  

Awww How cute all the liberals who cry about American joining forces

This is exactly what I want... I hope your Gold Bugs Right extreme friends who cry about America eveyrday join you and your Zero hedge friends because all of you can't read data at all

Soft is Soft for a reason... Real Americans don't cry every day... thankfully there is more of us than you!

79   _   2016 May 24, 4:11pm  

You're all going to lose at the end ... wrong country to bet against.... bad bad bet

80   _   2016 May 24, 4:34pm  

Ironman says

Move OUT of CA..

Net migration data ages 30-39 has be shown an outflow from CA due to housing cost.

Why is this, because people work hard and they have the ability to move to cheaper states such as Arizona and Atlanta for example.

You might not have faith in our kids, but those who work hard, finish high school, go and finish college, or have a trade show skill

Give them some credit for being productive people, they don't have the structural issues that non educated Americans have or those with a drug problem

Have some faith in your fellow Americans, and only focus on helping the poor and those who have substance abuse, they need it more than anyone :-)

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