by _ ➕follow (8) 💰tip ignore
« First « Previous Comments 17 - 56 of 260 Next » Last » Search these comments
lol--
Humans when they resort to that typing language (lol) internally know they have been beaten
The best part is when you speak on this site for the next 15 years Serf Pusher you can't say anything good..
That's why the extremes always fail, they need to have some dramatic horrific economic theory to prove their point...
You're not getting off that easy! None of you are...
You set your Bed with this 1929 serf theory and now you will have sleep with it
TL - 1
TDS- ?
Exactly what I thought from all of you... None of you will back the Great Depression Serf thesis ...
I thought so!
TL - 1
TDS- ?
Exactly what I thought from all of you... None of you will back the Great Depression Serf thesis ...
I thought so!
No one wants to be on the losing side.
No one wants to be on the losing side.
Where is Roberto he would join TL in a second...
I am counting him in
TL 2-0
You set your Bed with this 1929 serf theory and now you will have sleep with it
OK--how about this. Please quote me where I presented this theory. Let's start there.
Please quote me where I presented this theory. Let's start there
Is this a serious question after the Too Many Bears On Patrick discussion
So, Let me get this clear then
You don't believe Americans are Serfs or heading to Serfs and we won't have a 1929 Great Depression Style of economic event with a deflationary spiral?
https://research.stlouisfed.org/fred2/graph/?g=4ei1 … Real Median Household Income is a function of a) Real Median Weekly Earnings and b) the Participation Rate
The Real Recession is over: real median weekly earnings are finally at fresh all time highs.
Pretzel Logic economic theology: Value everything on fiat currency.
Got a problem,print more or go into more debt which has never been an issue for any individual,company or country in world history.
put me down for the TL.
anecdotal: a developer's project i'm in right now was a huge surprise to the sales office when despite the target demographic of boomer empty nesters and older X families is being bought up by young Y families and borderline X/Y families with small children. boomers are nowhere to be seen. they are scrambling to sell off the remaining units targeted to the older crowd. why is this? they thought Y preferred the urban scene per the mainstream narrative, and certainly not the secluded gated country club. they thought boomers had all the money and young people are deadbeats without solid employment.
reality is much different than the political posturing going on in DC, NY, SF, and LA. gen Y is quietly slipping into the sparkling suburbs and they will continue to do so as more of them marry and have children.
The team that correlates the stock market to Fed meddling.
https://lara-murphy.com/connection-fed-stock-market/
"I have made this point in several venues and on the pages of the Lara-Murphy Report for years, but some people may be new to this perspective. In the chart above, we see that the “monetary baseâ€â€“which measures the total amount of currency held by the public, plus the electronic reserves that banks have on deposit with the Fed–has moved in lockstep with the S&P500 index since 2009."
But you may want to ignore this because Austrians are "not relevant"
Sometimes when I find myself talking up my position and trying way too hard to justify it, I try to understand why that is. It's like there is some kind of a "charge" there that shouldn't be there.
If I was really confident in my position, then that charge, and that need to convince others (and convince myself) wouldn't be there.
So I have to wonder if this is some kind of sell signal ? Are many of the other hyper bulls so insecure about their position right now ?
Then again, if they are, that means they are subconsciously bearish, which is bullish. So I guess you win this round.
(but wait - if they are subconsciously bearish - but positioned long and trying to justify it - then that's bearish - so i don't know - I guess I'm back to undecided)
Interesting perspectives from everyone. I have been a lurker here on Patrick.net for a long time. This thread made me signup so I can comment. I am on Logan's camp on this one. America is still a land of opportunity and things are not the same as they were in 1929. You also need to look at who you are competing with in the world. Dollar is not collapsing and you boomers however you want to think about the future generation are wrong. They are creative and will probably do more than you oldies have ever imagined. Sign me up for next 20 years of prosperity.
This is the longest period where we haven't broken to a new high
Strong dollar did it's damage but unlike other countries it didn't bring America down to a recession
Your best case for a break out Q4 2016 or Q1 2017 when that dollar rise has less of an impact as we have seen that in the state data
You don't believe Americans are Serfs or heading to Serfs and we won't have a 1929 Great Depression Style of economic event with a deflationary spiral?
Is this a serious question? Do I believe Americans are serfs? Of course not.
As to a Great Depression event--did you read my previous post?
There are actually some differences between 1929 and now--namely there is a much larger safety net now. Luckily there are parts of the New Deal that haven't been dismantled by conservatives. We have the FDIC. We have welfare. We have unemployment benefits.
So, today looks like 1929, yes. There are serious structural problems in the US economy, yes. But we're not going to be serfs any time soon. (unless we keep electing conservatives, of course)
Anecdotal: I'm seeing plenty of people in my industry who are quoting "leave me alone and don't call again" hourly rates to recruiters and hearing "Sure - that sounds about right" as an answer.
Others who are barely employable in normal circumstances are cheerfully job-hopping.
This is tech, which tends toward the frothy side right now, but I saw 1999 and other upticks, and this one feels different. The evidence for a secular trend is all around.
This means rising wages, our only escape from a leveraged hell.
The problem is that it isn't yet manifesting in the overall statistics: CEO's enjoyed a 13% jump in pay in 2015, while everyone else averaged 2.8%.
Yup, wonderful what the fed can do.
Have you considered automating your posts, so you can watch Teletubbies all day instead of typing the same blurbs over and over?
So, today looks like 1929, yes. There are serious structural problems in the US economy, yes. But we're not going to be serfs any time soon. (unless we keep electing conservatives, of course)
You have no idea what the data looks like, basically fraud economic theory
You're talking about Brazil and you're desperately to make America sound like some European or South American country
Let me break down your Logic
There are serious structural problems in the US economy
We have 43 year low's in unemployment claims
We have 5.8 Million Job openings bigger than your beloved Notric countries
2.4% unemployment rate for college grads and even high school drop Americans are working at a lower rate than the entire country of France
This is your structural economy problem
Please
I get it that left are soft and always complain about America ... that's fine, but Dear Lord.. You guys need to leave to Nordic country or join Iceland Pirate party ...
You have never had it better in this country ... all of you on this site and you cry every day
Spend the next 15 years tearing your false economic theories apart piece by piece
Have you considered automating your posts, so you can watch Teletubbies all day instead of typing the same blurbs over and over?
Have you ever considered considering any of them?
See I just needed you to speak more to show you're no different that you're right wing economic thinkers
LPR right from the 1990's were designed to fall in this century not one person I know of in the world I knew off every disagreed with this and it's the call cry for Anti American Left and Right
And once you break the data down
Prime age labor force 25-54 only missing 2.8 Million Americans from the peak of the last cycle
This assume that all these Americans Want to work which they have stated they don't
You're so desperate to push your Anti American non sense economic theories without actually reading the data first
2nd... $$$ hoarded at the top and yet nominal wages and working Americans are at peak levels .. This is what is wrong with the structural of the economy
High School Drop outs aren't buying homes in CA and this is going to be solved how
Anti Capitalist .... the few last remaining Grand children Marx ... sitting their homes ripping Capitalism apart and yet America sits on top of the world as the best domestic economy
100% off the rails here ...
You should complain about America, if the extreme left was cheering for America with the extreme right then I know something is right
That is why we have extremes
Never, ever happy, the world is awful always, no credit and 100% blame
Get over it ... we are the best in the world and nobody does it better than us
Team Logan with 4
Where are your Bears to join TDS????
See I just needed you to speak more to show you're no different that you're right wing economic thinkers
LPR right from the 1990's were designed to fall in this century not one person I know of in the world I knew off every disagreed with this and it's the call cry for Anti American Left and Right
And once you break the data down
Prime age labor force 25-54 only missing 2.8 Million Americans from the peak of the last cycle
This assume that all these Americans Want to work which they have stated they don't
I actually agree that some of this is due to demographics. Not all though.
You're funny that you mention that some people now don't want to work, but somehow forget that there were people in the last cycle that also didn't want work. And "only" 2.8 millions Americans? That may not seem like a lot to you, but I'm sure that 2.8 million people would disagree with you.
You're so desperate to push your Anti American non sense economic theories without actually reading the data first
2nd... $$$ hoarded at the top and yet nominal wages and working Americans are at peak levels .. This is what is wrong with the structural of the economy
High School Drop outs aren't buying homes in CA and this is going to be solved how
Anti Capitalist .... the few last remaining Grand children Marx ... sitting their homes ripping Capitalism apart and yet America sits on top of the world as the best domestic economy
100% off the rails here ...
Nope--I'm on the rails. Look at the % disabled. Why don't you look at that percentage over time and see how it correlates with a poor economy.
You're taking the 70's misery Index high, inflation and right before our prime age labor peak boom and you're trying to show that as your thesis
So you want high unemployment but stronger wages, Black Plague thesis
Look at the % disabled. Why don't you look at that percentage over time and see how it correlates with a poor economy.
154 million working Americans and you're trying to push you're Anti American Agenda due to people collecting disability now
You should complain about America, if the extreme left was cheering for America with the extreme right then I know something is right
That is why we have extremes
Never, ever happy, the world is awful always, no credit and 100% blame
Get over it ... we are the best in the world and nobody does it better than us
Team Logan with 4
Where are your Bears to join TDS????
Logan-I am 100% optimist. Once again you are trying to build a strawman instead of actually discussing the topic at hand..
154 million working Americans and you're trying to push you're Anti American Agenda due to people collecting disability now
How is pointing out issues with the US economy and desiring to get them fixed Anti American?
You sound like the idiots that told me speaking out against the Iraq War was Anti American.
Logan-I am 100% optimist
Yes because 1929 and Serfs comments means you're optimist
You're not versed in economics nor the data nor how to explain, so you're Anti American thesis is a rookie calling card
1929 and Serfs ... bears nothing to America in 2016
You're taking the 70's misery Index high, inflation and right before our prime age labor peak boom and you're trying to show that as your thesis
So you want high unemployment but stronger wages, Black Plague thesis
wtf are you talking about? I want LOW unemployment. And high wages. I want the US to have the best economy in the world.
That's why I want to get this shit fixed.
You sound like the idiots that told me speaking out against the Iraq War was Anti American.
We are talking economics not the war in Iraq
Stick to theme
1929 and Serfs
Yes because 1929 and Serfs comments means you're optimist
You're not versed in economics nor the data nor how to explain, so you're Anti American thesis is a rookie calling card
1929 and Serfs ... bears nothing to America in 2016
Logan--I've forgotten more about economics than you have ever learned. There's a big difference between posting a graph and understanding what it means. You have mastered the former, but have a long way to go on the latter.
I want the US to have the best economy in the world.
It already does and for a mature economy with scale as well
The way you're talking about America is describing European Economies and South American economies
There's a big difference between posting a graph and understanding what it means
Says the lady who tried to post a 2012 Median Income chart.
We are talking economics not the war in Iraq
Stick to theme
1929 and Serfs
You're hilarious. You keep trying to bring it back to your strawman. Give it up buddy. You're done.
Just post a picture of yourself smoking a cigar and go outside with your wife. Enjoy.
If Americans were as broke and weak as you claim them to be
No way on earth in a light demographic patch cycle retail sales, car sales and home sales would be at or near cycle highs
Not even close
« First « Previous Comments 17 - 56 of 260 Next » Last » Search these comments
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