patrick.net

Put me down for "Team Logan"

TL - 1

TDS - 0

I nominate the Pink Panther for "TDS"

More like Team Logan 1, Team Strawman 0

Once again Logan shows he can't actually argue with me, but only with a strawman that he erects and pretends is me.

tatupu70 says

Once again Logan shows he can't actually argue with me

One person shows charts and data and post economic charts daily and follows economics and the 2nd tries to escape their utter non sense economic theory, claiming there is a straw man thesis

Nice try, I have seen this tactic done by the extreme left and right for 20 years.

TL - 1

TDS are you in or out of Serf theory 1929 depression economic theory

Logan Mohtashami says

One person shows charts and data and post economic charts daily and follows economics and the 2nd tries to escape their utter non sense economic theory, claiming there is a straw man thesis

Actually one person shows charts and data that support the opposite of what he is saying, showing he only has a very cursory understanding of economic theory. Then when people call him on it, he calls them cry babies, pussies, and says they hate America.

Finally, when he has exhausted his knowledge and has no further answers, he posts pictures of himself smoking a cigar, or a nametag of some conference he went to, thinking it will impress people.

Did I get that right?

tatupu70 says

Did I get that right?

Are you in out .... Serf talker Or do you take back your silly utter non sense economic thesis that America now looks like 1929 and we are becoming Serfs

Don't chicken out on me

I want names, now

Conviction and Courage ... are you in our out?

TL - 1

TDS- ?

In my experience it's always different when you have to be your name on something. Not that most of you do this anyway

So far... Zero... No One wants to join the TDS......

Exactly.... Don't bring this crazy weak economic game to this Country

If I don't hear from anyone by the end of the day...

I did want I set out to do... call you all out!

Logan Mohtashami says

Are you in out .... Serf talker Or do you take back your silly utter non sense economic thesis that America now looks like 1929 and we are becoming Serfs

Nice of you to finally ask. There are actually some differences between 1929 and now--namely there is a much larger safety net now. Luckily there are parts of the New Deal that haven't been dismantled by conservatives. We have the FDIC. We have welfare. We have unemployment benefits.

So, today looks like 1929, yes. There are serious structural problems in the US economy, yes. But we're not going to be serfs any time soon. (unless we keep electing conservatives, of course)

Logan Mohtashami says

So far... Zero... No One wants to join the TDS......

Are you surprised that nobody wants to support your strawman?

tatupu70 says

Are you surprised that nobody wants to support your strawman?

tatupu70 says

So, today looks like 1929, yes

No conviction, No Honor

Just another story teller in vast group of crazy economic story tellers who have no back ground in economics and never post data

See I knew you guys wouldn't own up to garbage economic theories

Peddling Fiction

That's what story tellers do Screams of storms coming to sweep away the homes

Awesome! Just like clock work

Put a name to a theory .. and they all run away!

That's why no one should listen to extreme left or right... story tellers ... bet against this country... Bad bet, especially now.

Well, its still going to be fun smoking you all out the next 15 years!

Plus I can't have all the fun with Gold Bugs I needed some Lefty people to join the party

Team Peddling Fiction... going down!

#USA

Logan Mohtashami says

Team Peddling Fiction... going down!

lol--You beat the strawman!! Congrats!! Well done!!

The only one peddling fiction is you, my man. Smoke a victory cigar--you beat him!

tatupu70 says

lol--

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

The best part is when you speak on this site for the next 15 years Serf Pusher you can't say anything good..

That's why the extremes always fail, they need to have some dramatic horrific economic theory to prove their point...

You're not getting off that easy! None of you are...

You set your Bed with this 1929 serf theory and now you will have sleep with it

Logan Mohtashami says

TL - 1

TDS- ?

Exactly what I thought from all of you... None of you will back the Great Depression Serf thesis ...

I thought so!

Logan Mohtashami says

Logan Mohtashami says

TL - 1

TDS- ?

Exactly what I thought from all of you... None of you will back the Great Depression Serf thesis ...

I thought so!

No one wants to be on the losing side.

Strategist says

No one wants to be on the losing side.

Where is Roberto he would join TL in a second...

I am counting him in

TL 2-0

Logan Mohtashami says

You set your Bed with this 1929 serf theory and now you will have sleep with it

OK--how about this. Please quote me where I presented this theory. Let's start there.

tatupu70 says

Please quote me where I presented this theory. Let's start there

Is this a serious question after the Too Many Bears On Patrick discussion

So, Let me get this clear then

You don't believe Americans are Serfs or heading to Serfs and we won't have a 1929 Great Depression Style of economic event with a deflationary spiral?

https://research.stlouisfed.org/fred2/graph/?g=4ei1 … Real Median Household Income is a function of a) Real Median Weekly Earnings and b) the Participation Rate

The Real Recession is over: real median weekly earnings are finally at fresh all time highs.

Trust me on this guys and gals, I don't sugar coat things,

Pretzel Logic economic theology: Value everything on fiat currency.
Got a problem,print more or go into more debt which has never been an issue for any individual,company or country in world history.

put me down for the TL.

anecdotal: a developer's project i'm in right now was a huge surprise to the sales office when despite the target demographic of boomer empty nesters and older X families is being bought up by young Y families and borderline X/Y families with small children. boomers are nowhere to be seen. they are scrambling to sell off the remaining units targeted to the older crowd. why is this? they thought Y preferred the urban scene per the mainstream narrative, and certainly not the secluded gated country club. they thought boomers had all the money and young people are deadbeats without solid employment.

reality is much different than the political posturing going on in DC, NY, SF, and LA. gen Y is quietly slipping into the sparkling suburbs and they will continue to do so as more of them marry and have children.

The team that correlates the stock market to Fed meddling.

https://lara-murphy.com/connection-fed-stock-market/

"I have made this point in several venues and on the pages of the Lara-Murphy Report for years, but some people may be new to this perspective. In the chart above, we see that the “monetary base”–which measures the total amount of currency held by the public, plus the electronic reserves that banks have on deposit with the Fed–has moved in lockstep with the S&P500 index since 2009."

But you may want to ignore this because Austrians are "not relevant"

Sometimes when I find myself talking up my position and trying way too hard to justify it, I try to understand why that is. It's like there is some kind of a "charge" there that shouldn't be there.

If I was really confident in my position, then that charge, and that need to convince others (and convince myself) wouldn't be there.

So I have to wonder if this is some kind of sell signal ? Are many of the other hyper bulls so insecure about their position right now ?

Then again, if they are, that means they are subconsciously bearish, which is bullish. So I guess you win this round.

(but wait - if they are subconsciously bearish - but positioned long and trying to justify it - then that's bearish - so i don't know - I guess I'm back to undecided)

Interesting perspectives from everyone. I have been a lurker here on Patrick.net for a long time. This thread made me signup so I can comment. I am on Logan's camp on this one. America is still a land of opportunity and things are not the same as they were in 1929. You also need to look at who you are competing with in the world. Dollar is not collapsing and you boomers however you want to think about the future generation are wrong. They are creative and will probably do more than you oldies have ever imagined. Sign me up for next 20 years of prosperity.

This is the longest period where we haven't broken to a new high

Strong dollar did it's damage but unlike other countries it didn't bring America down to a recession

Your best case for a break out Q4 2016 or Q1 2017 when that dollar rise has less of an impact as we have seen that in the state data

Logan Mohtashami says

You don't believe Americans are Serfs or heading to Serfs and we won't have a 1929 Great Depression Style of economic event with a deflationary spiral?

Is this a serious question? Do I believe Americans are serfs? Of course not.

As to a Great Depression event--did you read my previous post?

tatupu70 says

There are actually some differences between 1929 and now--namely there is a much larger safety net now. Luckily there are parts of the New Deal that haven't been dismantled by conservatives. We have the FDIC. We have welfare. We have unemployment benefits.

So, today looks like 1929, yes. There are serious structural problems in the US economy, yes. But we're not going to be serfs any time soon. (unless we keep electing conservatives, of course)

Yup, wonderful what the fed can do.

Anecdotal: I'm seeing plenty of people in my industry who are quoting "leave me alone and don't call again" hourly rates to recruiters and hearing "Sure - that sounds about right" as an answer.

Others who are barely employable in normal circumstances are cheerfully job-hopping.

This is tech, which tends toward the frothy side right now, but I saw 1999 and other upticks, and this one feels different. The evidence for a secular trend is all around.

This means rising wages, our only escape from a leveraged hell.

The problem is that it isn't yet manifesting in the overall statistics: CEO's enjoyed a 13% jump in pay in 2015, while everyone else averaged 2.8%.

indigenous says

Yup, wonderful what the fed can do.

Have you considered automating your posts, so you can watch Teletubbies all day instead of typing the same blurbs over and over?

tatupu70 says

So, today looks like 1929, yes. There are serious structural problems in the US economy, yes. But we're not going to be serfs any time soon. (unless we keep electing conservatives, of course)

You have no idea what the data looks like, basically fraud economic theory

You're talking about Brazil and you're desperately to make America sound like some European or South American country

Let me break down your Logic

tatupu70 says

There are serious structural problems in the US economy

We have 43 year low's in unemployment claims

We have 5.8 Million Job openings bigger than your beloved Notric countries

2.4% unemployment rate for college grads and even high school drop Americans are working at a lower rate than the entire country of France

This is your structural economy problem

Please

I get it that left are soft and always complain about America ... that's fine, but Dear Lord.. You guys need to leave to Nordic country or join Iceland Pirate party ...

You have never had it better in this country ... all of you on this site and you cry every day

Spend the next 15 years tearing your false economic theories apart piece by piece

HydroCabron says

Have you considered automating your posts, so you can watch Teletubbies all day instead of typing the same blurbs over and over?

Have you ever considered considering any of them?

Logan Mohtashami says

This is your structural economy problem

Nope--this is the structural problem:

tatupu70 says

See I just needed you to speak more to show you're no different that you're right wing economic thinkers

LPR right from the 1990's were designed to fall in this century not one person I know of in the world I knew off every disagreed with this and it's the call cry for Anti American Left and Right

And once you break the data down

Prime age labor force 25-54 only missing 2.8 Million Americans from the peak of the last cycle

This assume that all these Americans Want to work which they have stated they don't

You're so desperate to push your Anti American non sense economic theories without actually reading the data first

2nd... $$$ hoarded at the top and yet nominal wages and working Americans are at peak levels .. This is what is wrong with the structural of the economy

High School Drop outs aren't buying homes in CA and this is going to be solved how

Anti Capitalist .... the few last remaining Grand children Marx ... sitting their homes ripping Capitalism apart and yet America sits on top of the world as the best domestic economy

100% off the rails here ...