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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 :-)
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..
Sounds like tilting at wind mills?
cycle high auto sales, everyone is so flush with cash,
BMW 3 series used to be a hot car back in 90's. With so many on road, especially 328 lease cars, it's cool factor is significantly diluted. I just assume when I see a 328 that it is some crap lease car. The people who've taken these leases haven't really gotten the memo, that its no longer cool.
People who drive 335 are much more likely to actually have money in bank unlike the average 328 driver. Due to affordable monthly payment and lease deals, there are probably 7 328s to each 335 on the road.
http://www.bimmerforums.com/forum/showthread.php?1700087-335i-sales-stats-in-US
I'd rather use uber than buy a second car, which I do extensively. 2006 Honda civic still hanging strong.
What BMW and Acura was, in terms of coolness factor in the 90's is what a bentley or Lamborghini is today, due to precisely the phenomenon you are discussing.
stuff like this is has to be an example of what prompted people like the late George Carlin to say: "People are fucking dumb! Say what you want about this country. And don't get me wrong I love this place...I love the freedoms we used to have. I love that."
Logan,
Thanks for sharing Barry Goldwater's letter. Barry got it right. You can't change people's mind. People will believe what they want to believe.
Let's get back to economics. Based on the current economic indicators, there's no recession insight, but that can change in the coming quarters. What does your crystal ball say? I think you're a little too bullish while I'm starting to get cautious. I believe we're approaching the last phase of the cycle. Things should remain good until spring/summer 2017, but all bets are off after that IMHO. I will re-evaluate my position then.
With that said, I'm with you that there's no recession this year or even the 1st half of next year, but what about the 2nd half of 2017 or 2018? I expect the next recession to be a mild one so regardless of who's getting elected, that person has a high probability of being a one term president if history is any indication. Let me ask you this: what do you think will be the catalyst for the next recession?
What the fuck is this thread about? Is Logan having a conversation with an imaginary friend? This is the 2nd time in two days that Logan has posted a completely nonsensical thread that has no introduction of what the thread is about, and no hypothesis stated. Instead it contains some semi-random graph, some rambling disconnected statement, and finishes with a challenge to "join Team Logan" or "Team Debt Serfs".
What on earth is it you are rambling about this time, Logan? Please remember, blog readers do not live inside your head. They cannot understand your references to thoughts inside our head that have not been been expressed in writing.
Are you grasping this, Logan? There cannot be an intelligent discussion of any topic unless you introduce the topic, AND create a frame of reference for the topic, AND make a clear statement of the null hypothesis that you want to test. If I was your english teacher, or your debate teacher, or you rhetoric teacher, you would get an F grade (fail).
Are you able to step back, see if you can create a coherent train of thoughts, and put them in writing in a logical manner? I think that even if I WERE a mindreader, I would not WANT to read the discombobulated jumble of thoughts that seem to occupy your brain.
but that can change in the coming quarters
When Claims get to 323K
When LEI falls 4-6 months
Fed Fights inflation and raises rates
Then and only then do you have recessionary economic trends, Post WWII I have never been wrong with this model
What the fuck is this thread about? Is Logan having a conversation with an imaginary friend?
I am actually going to use this for a future articles. What I call E.E.T
Extreme Economic Theory. It's a new thing for me and I have taken data points for the last 12 months on this, hence why I wrote that Economic Crash Article and Saved all the hate email I got.
I have extreme right economic thinkers and now I got some left minded thinkers.
Trump and Bernie supporters.
It's really interesting the mind set of both. When the post recessionary cycle starts, me and some other of my financial friends we are going to make sure that the
New Normal and Secular Stagnation people gets ripped beyond belief
We think there needs to be a change in the economic.
My thesis
Is that the Old linger to long while the young suffer with bad information.
Small Steps ... they can lead to big things, don't bet against America folks, going to look horrible
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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