come January this is all coming tumbling down
for - prediction - US economy - after January - quantitative easing
come January this is all coming tumbling down
for - prediction - US economy - after January - quantitative easing
Giovani Ari who observed that mature capitalist economies move from manufacturing to services to financialization before decline.
- economics - mature economies - manufacturing to service to finance then decline
- US economy - in decline
twothirds of US workers now report living paycheck to paycheck
for -stats - US economy - 66% live paycheck to paycheck
More than a quarter of the labor force now does gig jobs, says the workers lab at Johns Hopkins.
for - stats - US economy - 25% is gig economy
Chettyet al. (2014) estimate intergenerational mobility for the US down to highly disaggregated geographic areas (commuting zones) and find that it varies considerably. In some parts of the country, mobility (or equality of opportunity) is on a par with some of the most mobile countries in Europe, while in other parts, children struggle to escape poverty when born into it. They also find that areas with relatively high rates of mobility tend to be ones that are less residentially segregated (i.e. households from different socioeconomic backgrounds and different races reside in the same neighbourhoods) and have lower inequality, higher quality public school systems, stronger social networks, and stronger family structures. The empirical observation that more equal societies tend to be more mobile is also known as the Great Gatsby curve (Corak 2013).
Intergenerational mobility is, expectedly, lower in the US where social net is low and segregation high.
In January 2018, Deutsche Bank produced an 81-page report, “US Income and Wealth Inequality”,
Link to the PDF has moved.
Hur, K. (2022, February 16). Restaurateur says he spends around $750,000 on security to deal with unruly diners. CNBC. https://www.cnbc.com/2022/02/16/restauranteur-says-he-spends-around-750000-on-security-to-deal-with-unruly-diners.html
The New Money Trust: How Large Money Managers Control Our Economy and What We Can Do About It
WTF is wrong?
Where is the moral character and backbone of the American people. We know something is wrong! It smells and stinks yet no one does anything. Most of our elected politicians are useless turds floating in wastewater and the rest are multiple term professional corrupt politicians waiting for the appropriate revolving door opportunity. This has nothing to do with party affiliation, it is rampant on both sides. Political parties perpetuate the illusion as a control mechanism. We see it yet do nothing about it! WHY?
This paper (topic) is typical of the continued "head in the sand" passive financial regulatory system loaded with Sheeple and kiss-ass do nothing idiots. Alarms have been going off since 2005/6 and as predicted then, our financial system imploded in 07/08.
Nothing has changed. Corruption and fraud fuel a dysfunctional financial system destined to cripple the American and Global economies. Economists and many within the financial sector know what is going on. Maybe they care about the average person but are afraid to come forward. Maybe they don't care and fully intend to rape and pillage as much of the global society as possible.
The question is what are YOU going to do to protect future generations, your children, grand children and so on?
There’s so much money that goes to the creditors to the top 1 percent or 5 percent that there is no money for capital investment, there is no money for growth. And, since 1980 as you know, real wages in America have been stable. All the growth has been in property owners and predators and the FIRE sector, the rest of the economy is in stagnation.
So which seems likelier: that we're no better off than we were a quarter century ago, or that Shadow Stats is total bunk?
This is an easy question to answer from my perspective. For me (age 62) and most of my peers, their kids and their peers, we are NO better off than we were a quarter century ago! A large part is the change from Industrial/Manufacturing to Technology and the outsourced labor and manufacturing. America has changed, this is FACT
The intellectual cesspool of the inflation truthers
Powerful Headline (words) from a Washington Post article under Economic Policy. WORDS.....! Words..... When you study Legal Theory you learn that "words" play a significant role in all aspects of social order.
This statement simply implies the use of consistent narrative (story) to allow control of the rhetoric. Narrative can be viewed as believable while Rhetoric is a general pejorative. When the rhetoric is mis or dis-information the narrative must be credible.
Main stream media (MSM) has held a long-term standing across the world as being credible. This standing is eroding. It has eroded considerably over the last 25 years among critical thinkers and the general population has started to take notice.
I question everything from MSM especially when narrative is duplicated with identical rhetoric across known government media assets. History is a wonderful thing when searching for Truth. Events in historical time periods can be researched, parsed and studied for patterns based on future evidence and outcomes.
Information "Spin" is real and happens for one purpose, that purpose is to benefit a position, agenda, person, plan, etc., by manipulating (advertising, PR, propaganda) information. Spin is difficult to refute without hard facts. Spin has a short-term shelf life, but that is all it needs to chart a new course, set the "ball" in motion so to say.
The quest for Truth is everywhere and not limited to the economic topics linked here. This is just a topic that started a thought process where I had access to a convenient tool (Hypothesis) to bookmark my thoughts and research.
Primary thought is: The Quest for Truth. Subcategories would provide a structured topic for the thought. In this case the subcategory would be: US Economy, Inflation
Targets (data, methods, people, time, semantics, agenda, demographic, motive, means, media, money, status) hold a position in time long enough to fulfill a purpose or agenda. Sometimes they don't consciously change, but history over time shines light and opens cracks in original narrative that leads to new truth's, real or imagined.
Americans and the World believe or want to believe that the United States is built upon a Market Economy.
Historical context validates a classic Market Economy theory as directed by our Founding Fathers and Constitution. We clearly do not have a pure Market Economy today (2021).
Most Americans lump (through education) the concept of economics and government together, into 3 basic categories; Capitalism, Socialism and Communism.
The U.S. is a Capitalist Nation with a corresponding market economy.
Is this statement Fact or Hypothesis ?
Can we still rely on textbook economic models in the 21st Century?