patrick.net

Have a good weekends guys and gals!

Logan

Is there any correlation to demographics and the great depression?

Logan Mohtashami says

What you should be focused on is this group only

Because you think you have the moral high ground doesn't give you a right to make up data

Make up data??? Your own charts prove my point--not yours. Inequality is rising. real wages are stagnant for the last 16+ years.

How do you think that contradicts anything I said?

Logan Mohtashami says

Because the air is so much better now than what it was

Technology did that, highly doubtful that it was the AQMD

tatupu70 says

How do you think that contradicts anything I said?

Employment to population and real median wages run hand in hand for a very long time for a reason, This is why Liberal Economist of the extreme left some that I call friends of mine have 100% missed the impacts of demographics.. Though I will say with a great big smile I am starting to get through... even some of my MMT people

So employment to population rise and shocking so does real wages, nominal wages always grows...

The joke I run on my Liberals is that they blame Nafta for every single problem on earth and on Planet Mars as well and yet when NAFTA was started we had a strong increase on real wages

That had only to do with employment to popualtion

So in a nut shell both the left and right are 100% wrong on the wage issue it doesn't make any sense, some use data taking Americans who retire and only collected S.S. as a form of wage decrease that matters nationally

So the problem here is that ... When employment to popualtion rises and wages are up then it seems like the Problem group above that I have talked with .. that group is fixed

No .. not even close, this is not a century for being a high school drop out, Drug addict, active criminal or non trade show skill America

These people need Federal Intervention help because they simply lack any skill of value to make any decent wage

So as you can see the up to date information of wages not the 2 year old data looks a lot different ... It looks better

But be mindful of this, poor uneducated people need massive federal intervention the skill they posses is off the grid in terms of making money most are working in food service business. If it wasn't for that they wouldn't even be employed

This site really needed someone in the middle ... left vs right stuff is a pizza fight gone stale!

Logan Mohtashami says

So in a nut shell both the left and right are 100% wrong on the wage issue it doesn't make any sense, some use data taking Americans who retire and only collected S.S. as a form of wage decrease that matters nationally

So the problem here is that ... When employment to popualtion rises and wages are up then it seems like the Problem group above that I have talked with .. that group is fixed

No .. not even close, this is not a century for being a high school drop out, Drug addict, active criminal or non trade show skill America

These people need Federal Intervention help because they simply lack any skill of value to make any decent wage

Once again you cant see the forest for the trees. You're basically saying that in the past when unemployment was low, real wages went up. No kidding. That's called supply and demand.

What you're missing is that past performance is no guarantee of future performance. The economy of today is a LOT different than the economy of 1980 or even 2000. There's a reason that each cycle's peak and trough are lower than previously. There are structural problems with this economy that are not going away. They are getting worse.

You're good at making charts--just not so good at understanding what they should be telling you.

Logan Mohtashami says

This site really needed someone in the middle ... left vs right stuff is a pizza fight gone stale!

lol--this isn't like the porridge from 3 bears. There is a right answer and a wrong answer.

Logan Mohtashami says

So as you can see the up to date information of wages not the 2 year old data looks a lot different ... It looks better

But be mindful of this, poor uneducated people need massive federal intervention the skill they posses is off the grid in terms of making money most are working in food service business. If it wasn't for that they wouldn't even be employed

You realize that if all these "poor, uneducated" people got college degrees, the supply/demand of the educated labor force would be greatly changed and the wages of the educated would stagnate, right?

Stop looking at the trees, and look at the forest.

tatupu70 says

You're good at making charts--just not so good at understanding what they should be telling you.

Do you know that when you called me a Douche-bag I thought to myself what Man says that word ;-)

You have a good heart, all my liberal friends and you lefty people here ... investment groups friends talking to each other all time

And by the way.. I want to say Hi to Ren.. because he runs this site, You should ask I found that out just by his sentence ...

You guys all mean...

well

But you're wrong ...

Globalization, Technology, Debt and Demographics have changed the economic landscape big time and America was the one that took over the economic world because our people chose to kick ass and work

What you have is a problem is the low end of the educated and skill gap and not the middle class and we don't have to worry about the Rich

Wages move with inflation but the lower end doesn't get that factor and cost of living has exploded for them... Focus on poor.. don't worry about the middle

Logan Mohtashami says

And, fyi--no change in real income for 16 years despite huge productivity gains isn't "better" in my book.

tatupu70 says

productivity gains

Productivity and wage correlation is a awful example wages move with inflation

Logan Mohtashami says

Do you know that when you called me a Douche-bag I thought to myself what Man says that word ;-)

I did not know that.

Logan Mohtashami says

But you're wrong ...

Nope. We're right. All your charts actually prove it. You just can't understand what they mean so you don't see it.

Logan Mohtashami says

Focus on poor.. don't worry about the middle

I'm focused on the US economy which includes rich, poor, and middle class. Educated, uneducated, folks who think they are educated, but aren't nearly as smart as they think they are...

Logan Mohtashami says

Productivity and wage correlation is a awful example wages move with inflation

That's why I said REAL wages. Please don't misstate my points.

Real wages absolutely should move with productivity gains.

tatupu70 says

Nope. We're right. All your charts actually prove it. You just can't understand what they mean so you don't see it.

Not only where you guys wrong... You were wrong in a a major way and now... You have lost your big advantage on trying to make America a economy that is about to collapse because we are all poor and broke

tatupu70 says

Real wages absolutely should move with productivity gains

This is goes into the spoon thesis

We can dig holes with a spoon and have many people work for it by digging holes with a spoon

Or we awake to modern day technology and have a machine do it much faster and better for us

Different time 1940'-1960's were our economy was small and we had no world competition

Never sustainable

Logan Mohtashami says

Not only where you guys wrong... You were wrong in a a major way and now... You have lost your big advantage on trying to make America a economy that is about to collapse because we are all poor and broke

What are you talking about? You're speaking in gibberish now.

Logan Mohtashami says

This is goes into the spoon thesis

We can dig holes with a spoon and have many people work for it by digging holes with a spoon

Or we awake to modern day technology and have a machine do it much faster and better for us

Different time 1940'-1960's were our economy was small and we had no world competition

Never sustainable

You are losing it. Are you arguing productivity gains don't create more wealth?

And you say here that the 1960s economy was "different" but you everywhere else you assume that the economy will act just like it did in the past when demographics change. Which is it?

tatupu70 says

What are you talking about? You're speaking in gibberish now.

If we are so broke then who the hell bought 100 Million cars and 40 million Homes in the last 8 years?

tatupu70 says

You are losing it. Are you arguing productivity gains don't create more wealth?

This was Elizabeth Warren Speech.. ;-) I use it all the times against Lefty's

Logan Mohtashami says

If we are so broke then who the hell bought 100 Million cars and 40 million Homes in the last 8 years?

When did I saw we are so broke? You are fighting against a strawman of me that doesn't exist. Read what I'm saying--not what you want me to be saying.

tatupu70 says

When did I saw we are so broke?

So people have the ability to spend then correct, the middle class did purchases goods, services and shelter

Logan Mohtashami says

This was Elizabeth Warren Speech.. ;-) I use it all the times against Lefty's

What? Are you really saying productivity gains don't create wealth?

Logan Mohtashami says

So people have the ability to spend then correct, the middle class did purchases goods, services and shelter

Of course some do. It's a long, slow journey to feudal times. We're not there yet.

tatupu70 says

What? Are you really saying productivity gains don't create wealth?

I am using her thesis that productivity gains was crazy high past the 1970's and no way wages could keep pace

This would be a high school drop out who has a drug abuse problem would be getting paid $22.70 for flipping burgers?

Not the best model to use.... if she knew it ...

But all your rich Liberals if you believe in that thesis

Open a store and then pay your people Productivity wage gains and lets see how long that business last because you would need to raise prices above inflation

Logan Mohtashami says

am using her thesis that productivity gains was crazy high past the 1970's and no way wages could keep pace

Keep pace--that's hilarious. Real wages gained exactly ZERO. I'd say that's a little worse than "not keeping pace"

tatupu70 says

Of course some do. It's a long, slow journey to feudal times. We're not there yet.

RIGHT THERE......

That's what I wanted to hear

the SERF thesis

I am going to have so much Joy in the next 20 years tearing the left thesis apart ...

It will be my pleasure

Logan Mohtashami says

RIGHT THERE......

That's what I wanted to hear

the SERF thesis

I am going to have so much Joy in the next 20 years tearing the left thesis apart ...

It will be my pleasure

Unfortunately, I'll have no joy proving you wrong over the next 20 years.

tatupu70 says

Unfortunately, I'll have no joy proving you wrong over the next 20 years.

Penny for all the end of America thesis since 1790

You will be a billionaires

Picked the wrong country to bet against .. our people aren't a punch of sissy cry babies begging for stuff on social media sites, some do... Our men and women kick ass

And they will prove of extreme left anti Capitalist Bernie Sanders supports which most of you're ... the educated class...

I can't wait... It will be a honor

If Roberto was here this is what he would say

Whaaaa???...there's pent up demand???..but...but..but.. Logan's interpretation of his own data refuted such analysis 18 months ago???...some people take the same data... Recognize a bottom.. And correctly interpret the demand curve as stronger as hell!!!!!!

:-) Ha Ha Ha and odd ally I admit ... but I will break down your liberal Lions and get them to Join the American Glory we are about to see with Demographics

tatupu70 says

Logan Mohtashami says

So people have the ability to spend then correct, the middle class did purchases goods, services and shelter

Of course some do. It's a long, slow journey to feudal times. We're not there yet.

We are moving away from feudal times, tatu. We have democracy, a population that's increasingly educated, a standard of living that is the envy of the world, and we have iPhones. What more can you want?

Since when does pointing out real problems make one Anti-American? If you don't understand the problems, how in the hell can you fix them? Trying to educate folks like you is a way to fix the economy and make America great again.

Sticking ones head in the sand is not the American Way. Nobody here is begging for anything. Or crying. All I want is for people to try to understand how the economy works and which policies got us in the mess we're in today.

Strategist says

We are moving away from feudal times, tatu. We have democracy, a population that's increasingly educated, a standard of living that is the envy of the world, and we have iPhones. What more can you want?

You're right. I take it all back. I'm sure all the folks with $80K in debt and working at Starbucks for minimum wage are happy as long as they have an iPhone.

tatupu70 says

Unfortunately, I'll have no joy proving you wrong over the next 20 years.

Tatu, you are gonna get your ass kicked for the next 20 years.

Strategist says

Tatu, you are gonna get your ass kicked for the next 20 years

lol-we'll see, won't we. I hope I'm wrong.

And there's always the possibility that Americans will wake up and elect Sanders or Warren and maybe we can fix things. One can hope.

tatupu70 says

$80K in debt and working at Starbucks

Starbucks employs only 200,000 at peak, and since less than 3% of Americans Debt profile have student loan debt over 100K the chances of one working at Starbucks and carrying that debt is 0.237% :-)

tatupu70 says

Strategist says

We are moving away from feudal times, tatu. We have democracy, a population that's increasingly educated, a standard of living that is the envy of the world, and we have iPhones. What more can you want?

You're right. I take it all back. I'm sure all the folks with $80K in debt and working at Starbucks for minimum wage are happy as long as they have an iPhone.

If I was them, I would be happy as hell. Declare BK, and all the debt is gone, but you get to keep the iPhone. Only in America.

Logan Mohtashami says

Starbucks employs only 200,000 at peak, and since less than 3% of Americans Debt profile have student loan debt over 100K the chances of one working at Starbucks and carrying that debt is 0.237% :-)

Very poor use of stats there Logan. You're making some really poor assumptions about the population of Starbucks workers.

Strategist says

If I was them, I would be happy as hell. Declare BK, and all the debt is gone, but you get to keep the iPhone. Only in America.

Except student loan debt isn't discharged in BK. Nice try.