Silent Recessions

Now, what news on the Rialto?
Simple Minded

Re: Silent Recessions

Post by Simple Minded »

noddy wrote:
Younguns are gonna cancel a lot of checks they never wrote.
is largely what i was trying to say.

they most certainly do have things to be angry about.

the extent to which its their own fault is the extent you believe they had the capability to work it all out DESPITE their culture and parenting.
my point exactly. overcoming effects of parents and local culture is very difficult.

Still stuns me in this day of ubiquitous social media and internet access to encounter black rednecks and white rednecks in America speaking ebonics. People born and schooled in America who can't speak intelligible English.

Parents to blame, below age 15, sure. Age 15 to 20/25, blame the culture one chooses. Over age 20/25, blame oneself.

Not sure what your situation is, but over here, voting with one's feet still works pretty well. Not sure how much longer that will be true.

In Old Redneck Zen, "show me your friends, I'll show you your future." Thankfully, many of my relatives and peers scared the hell out of me.
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Re: Silent Recessions

Post by noddy »

voting with your feet is less effective in modern australia - we have almost lost what little 'flyover' towns we used to have and now its only the big coastal cities left.

the conglomerate industrialised mega farm and the mining boom (and its taxes against companies supplying housing) turned much of rural australia into ghost towns.

it was never anything like you guys in the first place, our central desert is enormous and unlivable

Image
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Simple Minded

Re: Silent Recessions

Post by Simple Minded »

noddy wrote:voting with your feet is less effective in modern australia - we have almost lost what little 'flyover' towns we used to have and now its only the big coastal cities left.

the conglomerate industrialised mega farm and the mining boom (and its taxes against companies supplying housing) turned much of rural australia into ghost towns.

it was never anything like you guys in the first place, our central desert is enormous and unlivable

Image
Interesting map. not too hard to imagine that many would find the idea of a strong Big Brother appealing with that geography.

you guys got any good stuff buried under all that sand?

great place for a landfill, if the export boom dies, you guys should consider importing other people's trash. material trash, that is, not human trash.... ;)

Man made Mt. Everest in the middle of a desert might be a good tourist draw, and..... create some.... positive, climate change! :P
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Zack Morris
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Re: Silent Recessions

Post by Zack Morris »

noddy wrote: they are living week to week, they dont have savings, they arent rich, they wont easily soak up a downturn or interruption to their earnings, they are scared.
Did people not live week to week for most of American history? Look, things could be better and things could be worse. But objectively speaking, where do you think society is on Maslow's hierarchy of needs today vs. several decades ago?
on top of that, if you add up all the taxes and services fees from three layers of government and then add basic food and housing, living on the bottom of middle class is still bloody expensive and beyond the means of minimum wage retail types.
The tax bite is most acute for those earning six figures and above. At the bottom of the middle class -- and certainly in the lower classes -- the tax burden is very light and there are generous Social Security and unemployment benefits to be had.
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Re: Silent Recessions

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I think much of the "anger" stems from two things:

1. While overall we are better off than ever before and there is just so little to legitimately complain about in the aggregate, relative power dynamics have shifted and this creates a lot of bitter clingers. Case in point: white men are still at the apex of American society but things as seemingly innocuous as more minorities appearing in commercials, movies, and Super Bowl half time shows send some of them into a foaming-at-the-mouth rage. Rudy Giuliani -- any many conservatives, in fact -- went on a tear about the Super Bowl half time show because apparently they feel natural African hair and Beyonce's dance moves are an existential threat to their social order. You can't make this stuff up!

2. Degenerate values. Specifically, a value system that worships material wealth. When money is the measure of the man, one can never be man enough. Conservative Christians would do well to embrace their Christianity and do as St. Paul commanded them: extricate themselves from society and live a pious, virtuous life. They should learn that there can be more to life than money, and thereby emerge from there spiritual poverty.
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Re: Silent Recessions

Post by Zack Morris »

Warren Buffet agrees with me. These are the best of times!
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Re: Silent Recessions

Post by Mr. Perfect »

Zack Morris wrote: Look, things could be better
Boy are you right about that. That's why you are the superminority party.
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Re: Silent Recessions

Post by Mr. Perfect »

Zack Morris wrote:Warren Buffet agrees with me. These are the best of times!
The gulf between the 1% and everyone else under obama has been well documented.
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Re: Silent Recessions

Post by Mr. Perfect »

Zack Morris wrote:I think much of the "anger" stems from two things:

1. While overall we are better off than ever before and there is just so little to legitimately complain about in the aggregate, relative power dynamics have shifted and this creates a lot of bitter clingers. Case in point: white men are still at the apex of American society but things as seemingly innocuous as more minorities appearing in commercials, movies, and Super Bowl half time shows send some of them into a foaming-at-the-mouth rage. Rudy Giuliani -- any many conservatives, in fact -- went on a tear about the Super Bowl half time show because apparently they feel natural African hair and Beyonce's dance moves are an existential threat to their social order. You can't make this stuff up!

2. Degenerate values. Specifically, a value system that worships material wealth. When money is the measure of the man, one can never be man enough. Conservative Christians would do well to embrace their Christianity and do as St. Paul commanded them: extricate themselves from society and live a pious, virtuous life. They should learn that there can be more to life than money, and thereby emerge from there spiritual poverty.
How you got to superminority status has never been clearer.
You can't make this stuff up
You just did.
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Re: Silent Recessions

Post by Zack Morris »

I write the truth and truth is hard to accept.
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Heracleum Persicum
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Re: Silent Recessions

Post by Heracleum Persicum »

MW-EH068_home_s_20160303112951_ZH.jpg
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Heracleum Persicum
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Re: Silent Recessions

Post by Heracleum Persicum »

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David Goldman
America returns to stagflation


Americans aren’t spending money, except for fast food, the last affordable luxury left on many household budgets. Food service spending (mainly fast food) was rising at nearly a 10% annual rate as of February, while all other retail sales rose at just 2.5% a year. After inflation, that’s barely 0.5% a year.

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Re: Silent Recessions

Post by noddy »

this is an australian article however various aspects of it relate to the entire western world, barring the fact we havent had our housing collapse yet.

tldr; its younger people who are stuck in this silent recession and all the gains are for the entrenched, older, upper middle.

this isnt corporates or bankers, its our society and the willful eating of the young to prop up the unsustainable now.

http://www.macrobusiness.com.au/2016/03 ... n-screwed/

It’s not just the property problem that has Gen Y banging their heads against the wall; it’s the deadly cocktail of an increasingly casualised workforce, increasing debt, disappearing manual labour work and a “grey ceiling” of older workers who refuse to budge from senior positions in the workforce that is shaping a bleak future for our second-youngest generation.

“When you look at the data, you’ll see that wages have grown twice as fast for people over 50 than under 30, and that one in six people are unemployed as compared to one in 30 back in the 1970s,” Dr Rayner said…
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Re: Silent Recessions

Post by Heracleum Persicum »

noddy wrote:.

this is an australian article however various aspects of it relate to the entire western world, barring the fact we havent had our housing collapse yet.

tldr; its younger people who are stuck in this silent recession and all the gains are for the entrenched, older, upper middle.

this isnt corporates or bankers, its our society and the willful eating of the young to prop up the unsustainable now.

http://www.macrobusiness.com.au/2016/03 ... n-screwed/

It’s not just the property problem that has Gen Y banging their heads against the wall; it’s the deadly cocktail of an increasingly casualised workforce, increasing debt, disappearing manual labour work and a “grey ceiling” of older workers who refuse to budge from senior positions in the workforce that is shaping a bleak future for our second-youngest generation.

“When you look at the data, you’ll see that wages have grown twice as fast for people over 50 than under 30, and that one in six people are unemployed as compared to one in 30 back in the 1970s,” Dr Rayner said…

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From the link

House prices - weekly earning.jpg
House prices - weekly earning.jpg (32.75 KiB) Viewed 1556 times

noddy , this now the case in Northern America too.

and

I strongly suspect, this a trap .. a big bear trap that when snaps will cause big recession, devaluation.

Reason for this thinking is, now, pretty much all houses are owned by "baby boomers" or older.

When they begin to pass away, next 10+ yrs, the new generation with those "weekly wages" can not afford to buy those houses, they do not qualify for mortgages for those high prices.

Yes, the houses pass to the children, but the children can not afford to hold to them, obliged to sell and divide the proceed between siblings .. there will be no buyer waiting

That will lead to a glut, house prices will drop dramatically to level that next generation would qualify (for mortgage) to buy them.

Already happening, but will snowball next 10+ yrs .. I have witnessed a few such cases

Things a bit distorted as Chinese buying, but, if they stop buying, deep discount will follow.

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Re: Silent Recessions

Post by noddy »

yes it will correct but this is a big problem with the arguments - so many folks just wave their hands about long term corrections.

its never about all the families getting kicked out on the streets in the shorterm nor do they care an entire generation of younger people have missed out on playing.

my country is completely trying to bypass the correction happening with middle class asian immigration, it is creating a massive underclass of people with no skin in the game, nor carefactor for the system.

this is the number one reason australia (and canada) have never had big social problems in the past, in that everyone had something to lose - thats going away now.

----

unf, this reads badly even for my chicken scratching, nevermind cant fix now :)
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Re: Silent Recessions

Post by Mr. Perfect »

When you have 0% interest rates for several years it is hard to expect a different outcome.
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Heracleum Persicum
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Re: Silent Recessions

Post by Heracleum Persicum »

Mr. Perfect wrote:.

When you have 0% interest rates for several years it is hard to expect a different outcome.

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0% interest rate is for giving the crooks to load the truck with free money, Wall Street crooks.

Once truck full, Interest rates will go up to squeeze last juice out of Joe.

Said many times, Joe's interest not primary mover in all this, far far from it.

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Last edited by Heracleum Persicum on Sun Apr 10, 2016 12:11 am, edited 1 time in total.
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Re: Silent Recessions

Post by Mr. Perfect »

Yes. obama was enormous mistake.
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Re: Silent Recessions

Post by Heracleum Persicum »

Mr. Perfect wrote:.

Yes. obama was enormous mistake.

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American presidents have neither power nor influence on American economy.

American president power limited to appointing supreme court judges and starting wars .. that's all power they have.

Wall Street Crooks running American economy.


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Re: Silent Recessions

Post by Mr. Perfect »

Heracleum Persicum wrote: American presidents have neither power nor influence on American economy.
Absolutely false. US President appoints and can advise Federal Reserve chairmen, works with congress to set economic/trade policy, taxes, spending.

US President most powerful single person in the world, economic matters.
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Re: Silent Recessions

Post by Heracleum Persicum »

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A new divide in American death


download.gif
download.gif (163.39 KiB) Viewed 1520 times
White women have been dying prematurely at higher rates since the turn of this century, passing away in their 30s, 40s and 50s in a slow-motion crisis driven by decaying health in small-town America, according to an analysis of national health and mortality statistics by The Washington Post.

Among African Americans, Hispanics and even the oldest white Americans, death rates have continued to fall. But for white women in what should be the prime of their lives, death rates have spiked upward. In one of the hardest-hit groups — rural white women in their late 40s — the death rate has risen by 30 percent.

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Re: Silent Recessions

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White women have been dying prematurely at higher rates since the turn of this century, passing away in their 30s, 40s and 50s in a slow-motion crisis driven by decaying health in small-town America, according to an analysis of national health and mortality statistics by The Washington Post.
Impossible. Mr. Perfect has assured me that US medical care is the best in the world.
“There are a lot of killers. We’ve got a lot of killers. What, do you think our country’s so innocent? Take a look at what we’ve done, too.” - Donald J. Trump, President of the USA
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Re: Silent Recessions

Post by Mr. Perfect »

It is. Thanks for the reminder.
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Simple Minded

Re: Silent Recessions

Post by Simple Minded »

Heracleum Persicum wrote:.


A new divide in American death


download.gif
White women have been dying prematurely at higher rates since the turn of this century, passing away in their 30s, 40s and 50s in a slow-motion crisis driven by decaying health in small-town America, according to an analysis of national health and mortality statistics by The Washington Post.

Among African Americans, Hispanics and even the oldest white Americans, death rates have continued to fall. But for white women in what should be the prime of their lives, death rates have spiked upward. In one of the hardest-hit groups — rural white women in their late 40s — the death rate has risen by 30 percent.

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Everyone knows this is due to global warming. Anyone who says otherwise is a racist!
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Heracleum Persicum
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Re: Silent Recessions

Post by Heracleum Persicum »

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David Goldman
Those are Bernie Sanders’ voters.
Those are the Trump voters
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Folks, this sooooooo funny .. :lol: :lol: :lol: :lol: :lol: .. can not stop laughing


A real Tragedy comedy

Laugh & Cry @ the same time.

A "Kafkaesk" situation.

Yes, true, David is right .. but .. he does not say whose fault is it things ending like this .. that the million dollar question

Who fleeced America ? ? who made America to lose all hope ? ?

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