 Insuffiecient demand
The cost of living has skyrocketed under Bernanke and the Lords of Banking. So much so that making $60k a year if you have a wife and kid is practically poverty. You can't afford to live anywhere that has jobs and you can't qualify for any assistance. You're better off going on welfare.
To even have a chance at some disposable income you've got to make $100k a year. Even at that level you have to be careful. Twenty years ago if you made over $100k a year you could live in the gated country club community in the town I grew up in. Now if you make $100k you can barely afford to just live in the town. $365k 1500sq ft homes, $5000 a year in property taxes, fucking bullshit.
A simple gauge of real inflation is the Big Mac index. In 2004 a Big Mac value meal cost $3.80, in 2014 just a Big Mac sandwich costs $3.85. The meal costs $5.90. Ten years and 65% inflation. Gasoline is up 120%, nat gas is up 100%, and just about everything else you need to live on is up at least 100%.
Even if your cotton underwear costs the same, there's still inflation there when the thread count is half what it was. Pick up a Hanes t-shirt from ten years ago and one today. One feels like a shirt, the other feels like a piece of copy paper.
I was told by a friend who is a financial advisor that a family of four living in San Diego making 150K a year is strictly subsistence living. No saving would be ever possible and when they come to him for advice he sends them away telling them to try not to starve. This is where we have come and I am simply stunned how people manage to live here. And there are people here who claim there is no inflation. I wish I were taking the drug they must be on.
Miffed;-)
150K a year IS ALOT
half of the world lives on $2 a day
you are from... Lithuania? You can survive on $2 a day too
We have inflated prices, for sure. Gas prices have not dropped below 3 dollars a gallon, in most states, and prices for most everything else I can see, are slowly going up, not down. With Yellen at the helm and Obamacare growing, expect price inflation to get much worse, before the present louse in the White House is done with his second term.
Great, so they have motivated the banksters to only invest in riskier boondoggles than the gift 6%. Hense the derivatives, to increase the risk.
Great, we are building even riskier WS Banksters Criminalistas....
It's coming. Raising minimum wage will be a start.
I love Zerohedge - Stupid Central. I read the comments, and I laugh
and I laugh
and I laugh...
You laugh cause you must be looking in the mirror. Yo mamma left ya cause you were ugly too besides being damn stupid
A chuckle bunny on this article... so amusing. Inflation and deflation are relative concepts and not absolute.
If we are in a deflationary position then likely the level of QE has only been enough to cancel this out.
The efficiency of a system is a natuaral deflation and we have been utilising a form of QE for decades hidden in the leverage in loans and even that was not enough so debt was being incurred = USA 16 trillion + and growing. That forgetting all the value that in reality become 0 if the system collapses. Seems like the population has been SOLD A PONZI AS AN ECONOMIC SYSTEM from where I am sitting.
Driving for even more efficiency to combat the level of debt drives the deflation apsect deeper and that might be the negative return of "it seems to be negative. In other words, more new debt makes it worse, not better."
Reckon the threshhold has been crossed and will only become worse as we get more people not working back into employment producing something that nobody can afford to consume. Think of 100% consumption, then 200% or 300% production, maybe an even higher global production. That is deflationary.
A subliminal thought?
Why are ponzi schemes illegal?
Because they would compete with the one true ponzi.
consumer prices will increase when consumer income increases which is mostly wages+welfare
it is hard to expect companies would now increase wages so we will see continuation of welfare and government debt growth
WOW! I'm not easily impressed! But you made flow and understanding of very intricate financial paths and product very understandable. VERY NICE!
I wasn't aware that we had 217 trillion of derivative product. Do you know what are the current leverage ratios of derivative finance to invested cash? It used to be before 2008 up to 40% financing leverage on banks money invested to derivative product. What ratio of leverage are the derivatives now? The majority of derivatives used to be Interest rate risk swaps then various form of CDO's Trups, Synthetics and debt CDO's. How are they hedging these things or do they naturally crosshedge by their very nature. Are derivatives still being stored in FDIC accounts?
Thanks for your great Article!
As Venezuela and Argentina go into hyperinflation it is a good time to read up on the theory and details of how hyperinflation works. If you do, I don't think you will think that Japan, the UK, or USA are safe from it....<filename>src/repositories/creatives.repository.d.ts
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    writeSupportedCapabilities(): Promise<any>;
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I haven't written as much lately, not out of criticism but from other obligations.
I haven't put up the 'Panic Button' JPEG all season (as far as I can remember), because there hasn't been a reason to panic. In 2004 the Red Sox had a flawed team and the GM corrected the problem with defensive acquisitions in Orlando Cabrera and Doug Mientiewicz. This year, the team has shown consistency concerning inconsistency, as they can be world-beaters or invisible.
Jacoby Ellsbury, Julio Lugo, and Coco Crisp have given the team some offensive dimension they have never had (at least in my 45 years of watching), real speed. When any of the three get on, you just sense that they are running. And Remy correctly points out (between cashing in scorecard money) that Ellsbury steals not only with speed, but technique. The franchise wants to manage expectations on Ellsbury, but you have to see what is out there, too. Yes, he does have some holes in his swing, but we hope that he can cut them down.
Toronto simply stuffed them with terrific pitching, and having Crisp and Youkilis out of the lineup makes a difference, as both work pitchers, especially Youkilis.
If somehow you could magically subtract Lugo's o-fer streak, then he's had a serviceable season. Drew has shown signs of life, but for the most part looks Nixonian against lefties. If you had to have Kielty or Gabe Kapler for a season, who is probably the better all-around player. I'd guess Kielty.
Are they a better overall team with Ellsbury in left, Crisp in center, and Drew in right than with Manny in the lineup? I'd love to hear what the pitchers think.
Worries? Of course, as fans we always have concerns. I try to distinguish 'better players' versus playing better.
C Posada versus Varitek (edge Posada offensively, Varitek defensively, overall Yankees)
1 Giambi versus Youk (edge Giambi offensively when healthy with performance aids, Youk defensively) neutral now
2 Cano versus Pedroia (edge Cano at the bat, Pedroia with the glove), overall Cano
SS Jeter versus Lugo (Jeter at the plate, defensively not much difference as Jeter overrated defensively) edge Jeter
3 A-Rod versus Lowell (A-Rod MVP offense, Lowell better defensively), edge A-Rod
LF Manny/Ellsbury versus Matsui (edge Manny offensively when healthy, Ellsbury defense) overall neutral
CF Cabrera versus Crisp (offensively similar, defense edge Crisp) overall slight advantage Crisp
RF Abreu versus Drew (edge Abreu offensively, Drew defensively) edge Abreu
DH Damon versus Ortiz (major edge Ortiz)
The Yankees had a better lineup in 2004, too, but it's all about the pitching. Beckett should get the Cy, and Schilling has been working with diminished stuff, and Lester has pitched better. Is Matsuzaka's problem mental or physical, as he hasn't gotten the calls all year, and does that result in fatigue. Wakefield looks hurt.
Oh yeah, the first round is Cleveland or LAA. I'd rather have LAA, as I don't want to see Sabathia and Carmona back-t0-back.
Saturday, September 22, 2007
1 comment:
Youk is hitting too many first pitches. He was taking a HELL of a lot more pitches earlier in the year. I was SO looking forward to him becoming the Wade Boggs of '07 (i.e. take two strikes then sort thru the mail lookin' for the check)