patrick.net

joeyjojojunior says

Again--what were they in 1928?

This isn't a deflationary collapse working population data line

1929 collapse would need humans to not spend on food and energy in the same trend post 1939

Logan Mohtashami says

We have more working people now than the total population back in 1929

So what? We have more non-working people too.

Logan Mohtashami says

1929 collapse would need humans to not spend on food and energy in the same trend post 1939

Because they have no money?

joeyjojojunior says

We have more non-working people too.

Missing only 2.5 million prime age workers from the peak of the last cycle

Note what you're saying is roughly 43.7 million will refuse to buy food and gasoline which will send GDP to negative 10% and unemployment rates to 30

joeyjojojunior says

Because they have no money?

This theory that Americans are too poor to buy food and gasoline the middle class doesn't have any data to support it

Logan Mohtashami says

Note what you're saying is roughly 43.7 million will refuse to buy food and gasoline which will send GDP to negative 10% and unemployment rates to 30

Nope--that's not what I'm saying. I'm saying at some point people won't be able to borrow money any longer and therefore won't be able to spend at the same rate as they are spending now. They won't refuse to buy food and gas-they just won't be able to afford it.

Logan Mohtashami says

This theory that Americans are too poor to buy food and gasoline the middle class doesn't have any data to support it

Of course it does--I already posted it. The data is inequality. The pie grows at 2%/year roughly. If more and more goes to the top 0.01%, then it means that the other 99.9% are getting less and less. This can't continue forever.

joeyjojojunior says

They won't refuse to buy food and gas-they just won't be able to afford it.

I have heard of this theory that debt servicing for food and gasoline will go away

I just to buy it due to the distribution of income to consumption for both and not to mention we have SNAP today too

I've not read all the comments. Has anyone caught on to Logan.
He's so invested in his economic theology that he is doing everything to convince himself that the status quo can continue.
Living in fear is not the best choice of lifestyle.

Damned old data.
http://www.pewresearch.org/fact-tank/2014/10/09/for-most-workers-real-wages-have-barely-budged-for-decades/

A lot bad things have to happen to have a 1929 deflationary collapse....

HEY YOU says

Damned old data.

Like I said you can't read data properly hence why you think everyone is poor outside the 1%

I understand why you do what you do.. but you're completely voided 7 decades of data

also your baseline assumption is that majority of Americans are poor living in high cost areas

Logan Mohtashami says

I understand why you do what you do.. but you're completely voided 7 decades of data

How does a median household income of $58K void anything I do? Half of all US households earn less than $58K/year. You don't see a problem there?

Logan Mohtashami says

also your baseline assumption is that majority of Americans are poor living in high cost areas

How is that one of my assumptions?

Does the bright future outlook take into consideration the potential impact of climate change, or that would be anti-American?

joeyjojojunior says

How does a median household income of $58K void anything I do? Half of all US households earn less than $58K/year. You don't see a problem there?

No it's not a problem. You have the opportunity to earn more.

joeyjojojunior says

They won't refuse to buy food and gas-they just won't be able to afford it.

Have you seen how fat Americans have become? It's due to eating too much food. Less food would definitely be a plus.

Strategist says

Have you seen how fat Americans have become? It's due to eating too much food. Less food would definitely be a plus.

Actually healthy foods are more expensive which is part of the problem.

joeyjojojunior says

Strategist says

Have you seen how fat Americans have become? It's due to eating too much food. Less food would definitely be a plus.

Actually healthy foods are more expensive which is part of the problem.

Eat more fruits and salads. They are much cheaper than McDonald's.

Strategist says

You have the opportunity to earn more.

Yeah, everybody should get a PhD, MD, JD, or become a financial blogger/writer and make > $100K. Educate people, educate!

FP says

Strategist says

You have the opportunity to earn more.

Yeah, everybody should get a PhD, MD, JD, or become a financial blogger/writer and make > $100K. Educate people, educate!

Don't drop out of school. Get same training on a skill. The opportunities are endless, but some people would rather not take it.

joeyjojojunior says

How is that one of my assumptions?

By implying that debt service cost of food and gasoline can't continue in high population areas

As a whole Americans don't make enough money to feed themselves or take transportation outside the 1%

FP says

climate change

That is my biggest X factor in the world, my discussion of resource wars is something that happens in the next century but peaking out of population hopefully helps this issue.

Outside of aging population climate change is my biggest concern

Strategist says

Eat more fruits and salads.

That's right! 2000 calories/day of apples and lettuce. Takes no time to prepare either - perfect for busy parents (esp. single) parents! Added benefit - children will grow slowly so less $ for new clothes.

Logan Mohtashami says

FP says

climate change

That is my biggest X factor in the world, my discussion of resource wars is something that happens in the next century but peaking out of population hopefully helps this issue.

Outside of aging population climate change is my biggest concern

I somehow feel that entertaining the thought of climate change is anti-American.

This is a terrible problem

FP says

anti-American.

It's Anti Science ... I always put Heat Temp map charting on my facebook page to make a point.. it's getting ugly heat wise

Logan Mohtashami says

I can't believe California is on the low end.
Hey, liberal states are less obese.

Our data is getting better with the rain recently

Logan Mohtashami says

It's Anti Science

Acknowledging climate change is Anti Science? That's what you are saying?

FP says

children will grow slowly so less $ for new clothes.

They will stop growing sideways for a change.

FP says

Anti Science?

Not acknowledging it is Anti Science

My fellow Republicans have a token answer that history has had cold and hot spells ... but that kind of defeat the current data

Logan Mohtashami says

Not acknowledging it is Anti Science

Tough choice then - Anti-Science or Anti-American... Which one are you?

If I am Anti American for believing in science then I would question the thesis of the original contention

Strategist says

They will stop growing sideways for a change.

Yeah, poor people should have non-growing children. I agree. That will be a step forward.

Logan Mohtashami says

I am Anti American

I knew it!

"All of today's optimism brought to you by Derivatives! Derivatives...The big D...Creating Wealth, Demand and an Unwarranted Sense of Security for two Unholy Decades."

Then follows a Deutchbank Collapse, EU Collapse, China Shadow Banking Collapse, China Real Estate Demand Collapse, US Real Estate Demand by Foreign Investor Collapse.

Go Derivatives! Let's wager more money than has ever existed on the premise than no one understands them!

FP says

I knew it!

Yes, very Anti American

I think you are missing something...trolls do not read the data at all.

Logan Mohtashami says

See you guys are doing me a favor because my thing is about Trolls not being able to read data properly