patrick.net

tatupu70 says

lol--

Humans when they resort to that typing language (lol) internally know they have been beaten

tatupu70 2016 May 21, 5:43pm

because more people are making 100K, yes you're right

100% incorrect, as usual. It's not because more people are making 100K. It's because more households have two incomes.

_ 2016 May 21, 5:50pm

100% incorrect, as usual. It's not because more people are making 100K. It's because more households have two incomes.

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

Focus on the poor

Those who never graduated High School, Never went to college, have a drug problem

Why are you guys worried about people who are buying cars, buying homes, having sex and making babies

tatupu70 2016 May 21, 5:58pm

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

Focus on the poor

Those who never graduated High School, Never went to college, have a drug problem

Why are you guys worried about people who are buying cars, buying homes, having sex and making babies

I'm just focused on trying to correct all the BS you are posting on here. You were 100% incorrect that more people are earning 100K in 2014 dollars now. I can't tell if you are purposely misleading or just don't know any better.

_ 2016 May 21, 6:04pm

I'm just focused on trying to correct all the BS you are posting on here

Please show in this chart where Americans all of Sudden became a third world poor people

Honestly, you're making a great thesis for South America, you have the wrong country..

How in the world did Americans buy 100 Million cars and 40 Million homes if everyone is so poor in the last 8 years

Plus, if you think America's economy is the worst you really must hate the world

Fallacy of Logic is great here ...

Hence why retail sales, car sales and home sales are all at cycle highs and please don't make me post 80 years of consumption charts again

tatupu70 2016 May 21, 6:06pm

Please show in this chart where Americans all of Sudden became a third world poor people

Please show me where I ever said America is a 3rd world country.

Plus, if you think America's economy is the worst you really must hate the world

I don't think America's economy is the worst and I have certainly never said that.

_ 2016 May 21, 6:07pm

Please show me where I ever said America is a 3rd world country.

There we go ... Ok ... Now that we have cleared the room of Americans not being dirt poor

Where on this chart did we become poor

tatupu70 2016 May 21, 6:07pm

Fallacy of Logic is great here ...

All on your end. All you can do is make strawman arguments. That I'm un-American. Or hate America. Or think America's economy is the worst in the world.

Just try to stay on topic and we can have a good discussion.

_ 2016 May 21, 6:09pm

strawman arguments.

Just give me a timeline on this chart where we lost it as a country

tatupu70 2016 May 21, 6:09pm

There we go ... Ok ... Now that we have cleared the room of Americans being dirt poor

Where on this chart did we become poor

I've already told you the problem with that chart multiple times. Again--are you purposely being obtuse or are you being disingenuous?

The biggest problem is inequality. That chart shows the whole country so the gains of the 1% mask the real problem.

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_ 2016 May 21, 6:11pm

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

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_ 2016 May 21, 6:12pm

For a country of 322 Million working 154 million that looks pretty good in 2016

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tatupu70 2016 May 21, 6:15pm

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.

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_ 2016 May 21, 6:17pm

It depends on what you do with their wealth after they fall.

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_ 2016 May 21, 6:23pm

Photograph of an unknown man during the Depression c.1932

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_ 2016 May 21, 6:24pm

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 ...

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marcus 2016 May 21, 6:33pm

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 ?

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marcus 2016 May 21, 6:38pm

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.

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_ 2016 May 21, 6:41pm

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.

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_ 2016 May 21, 6:42pm

30k service sector jobs.

You seem like a reasonable man, can you see what I am trying to say :-)

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tatupu70 2016 May 21, 6:57pm

Wow--who is preaching fear now? That response is more typical of CIC or indig-I would have expected better of you Logan.

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tatupu70 2016 May 21, 6:59pm

And you see no problem with that chart? Really?

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_ 2016 May 21, 7:01pm

-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

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_ 2016 May 21, 7:03pm

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

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_ 2016 May 21, 7:08pm

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 ;-)

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tatupu70 2016 May 21, 7:09pm

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.

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marcus 2016 May 21, 7:10pm

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.

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_ 2016 May 21, 7:10pm

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?

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tatupu70 2016 May 21, 7:10pm

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.

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_ 2016 May 21, 7:12pm

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

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_ 2016 May 21, 7:13pm

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

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_ 2016 May 21, 7:15pm

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

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tatupu70 2016 May 21, 7:17pm

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.

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_ 2016 May 21, 7:18pm

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

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marcus 2016 May 21, 7:21pm

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.

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tatupu70 2016 May 21, 7:22pm

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.

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_ 2016 May 21, 7:24pm

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.

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_ 2016 May 21, 7:27pm

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! :-)

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tatupu70 2016 May 21, 7:28pm