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Cornfed wrote:Rather that look at financial indicators for when the collapse will happen, we should probably look for the situation when most of the boomers retire, and so the ticks become bigger than the dog. Then whatever financial juggling goes on, we will face an actual resource crisis.
Boomers are a bane, not a boon. They cost far more than they are worth, are far less productive than their younger counterparts, and will pass on substantial wealth when they die.
You won’t be getting any argument from be about boomers being a bane. However, I am thinking of situations such as offices where they haven’t hired a man in 25 years, but there are still ageing male boomers doing all the real work and holding some semblance of sanity together. With them gone and sponging off social security and medicare for the various ailments their pathetic bodies have picked up, whole huge organizations will collapse. The so-called wealth they will pass on is largely based on the expectation of future production and so will evaporate, just like much pretended wealth has evaporated in the last decade.
The reality is, like I said, that this huge parasite load of boomers, skanks and shitskins, along with the banksters etc. is simply not sustainable. Something has to give.
I agree, we're long over due for a correction by any measure.
The adjusted earnings are now back where they’d been on March 2014, with no growth whatsoever. Total stagnation, even for adjusted earnings. And yet, over the same three-plus years, the S&P 500 index has soared 33%
Earnings didn’t expand. The only thing that expanded was the multiple of those earnings to the share prices – the P/E ratio. This type of unsustainably high earnings-multiple is like a tsunami siren where the arrival time of the tsunami remains unknown – and that’s why it is ignored until it’s too late.
Paranoia is just having the right information. - William S. Burroughs
Cornfed wrote:Rather that look at financial indicators for when the collapse will happen, we should probably look for the situation when most of the boomers retire, and so the ticks become bigger than the dog. Then whatever financial juggling goes on, we will face an actual resource crisis.
Boomers are a bane, not a boon. They cost far more than they are worth, are far less productive than their younger counterparts, and will pass on substantial wealth when they die.
You won’t be getting any argument from be about boomers being a bane. However, I am thinking of situations such as offices where they haven’t hired a man in 25 years, but there are still ageing male boomers doing all the real work and holding some semblance of sanity together. With them gone and sponging off social security and medicare for the various ailments their pathetic bodies have picked up, whole huge organizations will collapse. The so-called wealth they will pass on is largely based on the expectation of future production and so will evaporate, just like much pretended wealth has evaporated in the last decade.
The reality is, like I said, that this huge parasite load of boomers, skanks and shitskins, along with the banksters etc. is simply not sustainable. Something has to give.
There are lots of reasons the economy is going to crash. Just a reminder, high concentrations of wealth are incompatible with democracy.
Paranoia is just having the right information. - William S. Burroughs
Cornfed wrote:Rather that look at financial indicators for when the collapse will happen, we should probably look for the situation when most of the boomers retire, and so the ticks become bigger than the dog. Then whatever financial juggling goes on, we will face an actual resource crisis.
Boomers are a bane, not a boon. They cost far more than they are worth, are far less productive than their younger counterparts, and will pass on substantial wealth when they die.
You won’t be getting any argument from be about boomers being a bane. However, I am thinking of situations such as offices where they haven’t hired a man in 25 years, but there are still ageing male boomers doing all the real work and holding some semblance of sanity together. With them gone and sponging off social security and medicare for the various ailments their pathetic bodies have picked up, whole huge organizations will collapse. The so-called wealth they will pass on is largely based on the expectation of future production and so will evaporate, just like much pretended wealth has evaporated in the last decade.
The reality is, like I said, that this huge parasite load of boomers, skanks and shitskins, along with the banksters etc. is simply not sustainable. Something has to give.
There are lots of reasons the economy is going to crash. Just a reminder, high concentrations of wealth are incompatible with democracy.
You should keep in mind that your chat starts in 1950, when the average female labor participation rate was only just above 30%, while it is currently almost 76%. More people are working in the prime age group right now than at any most points, historically, the difficulty is we have more retires (and prisoners) than ever, as well as plenty of "disabled" sucking at the government's tit. We have a demographic problem, for the most part, brought on by the fact we have a retirement system that was build for people with a 3 year post-retirement life expectancy, not a 15+ year post-retirement life expectancy.
The US markets have become less about earnings growth and more about Central Bank liquidity. The US stock bubble keeps getting much larger and more expensive. The higher it goes, the more violent the unwind when the Fed removes the training wheels. Yes, eight-plus years into recovery, it still cannot let the economy fend for itself. Investors are conditioned to believe the Fed has got their back. The belief is that if the market strays too far, the Fed will step in and stem the tide. But will it? That’s a very dangerous assumption being that it didn’t stop the 2001 and 2008 crashes from happening.
Have a look at the 5 year graph of the Caracas stock exchange (IBVC) from Bloomberg. In nominal terms it has outperformed every other - it just goes up and up. And guess why? Currency devaluation, coming to a city near you...
xiongmao wrote:Long may it continue... I'm now making more from stocks than I am from my online activities.
The problem is the whole entire thing has been made possible through the over issuance of counterfeit bills, hopefully when this thing comes down the idiots will wake up to the fact socialism , communism is a counterfeiting con job but I doubt it......
Currently, the US markets are in the biggest bubble of all time. Every day that passes, the odds of our economy crashing go up a little more, and the investors who know this are getting out while they still can.
According to the International Monetary Fund all we need is a 4% correction in the markets to bankrupt Deutsche Bank(2,000 lawsuits against it) which will set off a chain reaction of bank failures(bank runs) and market crash around the world.
