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Interesting Read

6/24/17       
Family Man

Here is an article on Pat's favorite website (sarcasm) dealing with how the population cycle is going to effect the economy. The author, who does not appear to have much academic or business cred, but has definitely done his homework. An armchair economist like many of us, which makes his track record probably twice as accurate as the real economists.

http://www.zerohedge.com/news/2017-06-24/why-next-recession-will-mo
rph-decades-long-depressionary-event-or-worse

6/25/17       #2: Interesting Read ...
TonyF

It makes me wonder how information was disseminated prior to the advent of graphs.

TonyF

6/25/17       #3: Interesting Read ...
Pat Gilbert

I agree with his overarching point that demographics drive the economy.

I disagree that the next recession will be anything more than mild.

Especially when you consider this chart from the BLS

Where he states:

"And it is still far too optimistic and the upcoming projection update will only further downgrade upcoming population growth, based on the ongoing declining birth rates combined with huge declines in illegal immigration since '09."

is conjecture on his part.

Another aspect of this is that when a person buys a home that puts a huge amount of money into the economy as the mortgage equates to 9 times that amount in the economy.

Once the housing sales get going again the immigrants will come back.

Recession is caused by over investment, there isn't any. You could say student loan debt but most of it is owned by graduate students who will be able to pay it back and have no option not to anyway.

Car loans are a fraction of what home loans were in 07.

Maybe the best thesis for over investment is in commercial property, but we shall see.

Anyway there is nothing like the housing market in 07 going on now.


View higher quality, full size image (960 X 720)

This chart show historic correlation

6/25/17       #4: Interesting Read ...
Pat Gilbert

This is how this impacts the countries of the world.


View higher quality, full size image (591 X 378)

6/26/17       #5: Interesting Read ...
infinair Member

Website: http://www.industrialaxialfan.com

Interesting read, funny!

7/4/17       #6: Interesting Read ...
cabmaker

Over half of the people who have a job in America work for a company that employs nine people or less. Companies like Boeing or Walmart, General Motors or IBM may get all the press but most people who are working slug it out in a small shop like ours.

The small company is at a disadvantage when recruiting labor because they cannot afford to compete with a benefits package similar to that offered by a Fortune 500 company. Not only is the smaller employer at a disadvantage in recruitment but the workers in these companies are also at a similar disadvantage. This affects things like health care costs, maternity leave and pension programs.

The Senate today is contemplating repealing the Affordable Care Act altogether. The Republicans have been campaigning for eight years on the platform of replacing Obamacare but when it comes down to the wire the best they got is the "Repeal & Figure it Out Later." The only thing they are in agreement on is that the most comfortable people in our society need to have their taxes reduced.

We can't have a nation where families financial security can be wiped out with one automobile accident or pre-existing condition.

Even the White House Social Media Director,Dan Scavino, had to file for personal bankruptcy over a single illness that his wife had. Lucky for him he was Donald Trump's golf caddy and was therefore able to get a $180,000 government job with government health care benefits.

If you ever wonder how it is such imbecilic tripe comes out of Trump's twitter feed consider the fact that all the credentials you need to be his personal advisor is to be able carry his golf clubs.

We can't have health care funded by emergency rooms. Obamacare is not working as advertised. The Republicans had eight years to figure this out but couldn't sell it to the base.

Wall Street does not want Single Payer Health Care because the insurance industry is a very profitable sector.

What else you got?


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