Depends on what crime the guy was convicted of.. White collar fraud = accolades from the crypto sheeple.... Other convictions, not so attractive.Quote:
Originally Posted by stalefish3169
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Depends on what crime the guy was convicted of.. White collar fraud = accolades from the crypto sheeple.... Other convictions, not so attractive.Quote:
Originally Posted by stalefish3169
Wrong thread.
Take it up with stale, he’s the one who brought up the soft landing.Quote:
Originally Posted by byates1
Stale is a BTC god. He can do no wrong.
Quote:
Originally Posted by J. Barron DeJong
https://www.youtube.com/shorts/yezg0UWsQL8
https://www.cnbc.com/2024/04/30/comp...consumers.html
https://finance.yahoo.com/news/janet...150015396.html
Housing is an issue. Now that we have a soft landing, we can lower rates to make mortgages more affordable:Quote:
Originally Posted by stalefish3169
https://ritholtz.com/2024/05/fed-cutting-oer/
Also need to allow more housing to be built, though you seem to think that’s not the problem.
You can say it’s the media telling the average person that the economy is good, but in survey after survey after survey, majority of consumers keep saying their personal financial situation is good, they just think the national economy is bad.
Regarding inflation - as has been pointed out over and over again, low wage workers have seen the largest inflation adjusted wage gains of any group. They aren’t the ones being squeezed. It’s the top 20% who are doing the worst relative to pre-pandemic.
I've never said that we don't need more housing. However, there are other problems that have been gasoline on the fire. Some of the biggest issues have been ZIRP going on way too long which turned way too many people into landlords as they bought up most of the inventory on leverage. Also, as I've said before, the MBS purchases were very very bad. But hey, I the had to keep the ponzi bond market going. Let's be real, the trillions of dollars of MBS and security purchases by the fed have doomed future generations for the benefit of older generations.Quote:
Originally Posted by J. Barron DeJong
Also, your insistence on saying that the top 20% are doing the worst is extremely lame framing. When the poors get a 20% raise, they are still making jack shit. When millionaires get a 3% raise, it's like the entire annual salary of the 20% raise crowd.
https://www.axios.com/2021/06/30/hom...age-securities
The link you posted is 3 years old.. But I totally agree that the wealthy have done much much MUCH better since the pandemic than the people on / near the bottom of the economic ladder.. Percentage wise and flat $ amount wiseQuote:
Originally Posted by stalefish3169
Do you have data to support that belief?Quote:
Originally Posted by up an down
https://www.stlouisfed.org/open-vaul...ns-gaps-remain ......strike those 3 muchs..my bad... But the percentage gains were not evenly distributed in the lower income group.. At least according to this article.. Dated this past February.
Holy fucking shit. You guys can keep hearing me say that the people running the show are clueless, or you can watch for yourself. The bad thing is that there are plenty of embedded grifters who are looting taxpayers and future generations hand over fist while patsies like Bernstein and Biden trip over their own feet.
https://twitter.com/RnaudBertrand/st...fIB7uiIFA&s=19
Wikipedia: In February 2023, President Joe Biden nominated Bernstein to serve as Chair of the Council of Economic Advisers.[5] He was confirmed to be chair on June 13, 2023.[6] He was ceremonially sworn in by Vice President Kamala Harris on July 10, 2023.
So you’re very concerned about income inequality, but not if the historically fast wage gains for the bottom earners come alongside a guy doing a bad interview (that’s also obviously been heavily edited?).Quote:
Originally Posted by stalefish3169
Have you watched any of his other interviews? He’s been on TV a lot over the past decade plus.
Have you looked into any of his policy recommendations? Do you agree or disagree with them?
To be clear: I still think income and wealth inequality in this country is a big problem.Quote:
Originally Posted by up an down
But I think it’s important to recognize that it has been coming down, and it’s been coming down because of policy choices that have been made.
If people don’t acknowledge that, don’t celebrate that, or don’t even know that, we’ll end up getting less of those policies going forward.
Can we get a functional federal inheritance/estate tax? There is a LOT of wealth that's going to be bequeathed in the next 30 years, and I suspect most of that wealth sits with the top echelon of old wealthy people.Quote:
Originally Posted by J. Barron DeJong
Just seems like low-hanging fruit...
I agreeQuote:
Originally Posted by J. Barron DeJong
Quit posting links from the same debunked clown over and over jong.Quote:
Originally Posted by J. Barron DeJong
I’m not sure I’ve ever linked to that guy before.Quote:
Originally Posted by stalefish3169
But please, post up the debunking.
What about this one:
Attachment 493038
https://www.federalreserve.gov/econr...3;units:median
Debunked already?
Still waiting for an explanation of how the ‘Survey of Consumer Finances’ - a large scale survey which has been collected every three years since the 80’s - has been “debunked”.
I'm just going to stop responding to you. Your credibility is cooked Jong.Quote:
Originally Posted by J. Barron DeJong