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The New Normal Trendlines
Although we showed these earlier, we believe the charts showing the trendlines in the two most critical components of US household purchasing power deserve to be shown again, without much if any commentary necessary. Just because.
Average Hourly Earnings Annual % Change:
Real Disposable Income Annual % Change - August saw the first decline in 2012:
Housing "recovery" indeed...
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Winning?
/
I'm not sure the trend is our friend anymore.
We trend towards the end.
This trend will not mend.
Lets pretend this is not a trend.
Lest go around the bend.
Cuz no more money can they lend.
The only thing left to do is....extend and pretend.
lets all be friends (.)(.)
As a Biflationista I take pride in these charts which confirm the core theory: that hyperinflationary forces are pulled down by the black hole of falling real median household income, employment, social mobility and expectations. Don't forget the mass overcapacity that was built up for 4 decades of "supply-side" which contributes to the deflationary forces
To our doom we do wend.
Oh shart, should have worn my Depends...
I must recommend
To each and every friend
Do not break or even bend
But prepare for the end
As the puppets tend, the banksters shall rend.
A trend is a trend is a trend
The question is Will it bend?
Will it follow its course or some unforeseen force
Make it come to an untimely end?
-- Sir Alec Cairncross
Dying
LOL!!! Looky, looky, looky, the central planning era for all to see.
It's all about the perspective.
If you confine yourself to an hourly wage, you are a slave and you deserve what you get! Get off your fat ass and put down the remote and go and create something, be your own boss, use your brain, and pay yourself!
The average hourly earnings trendline is just silly, and you should be embarrassed with that kind of analysis. We experienced very high inflation in the 70s, so of course it was very high then. To include that period as the beginning of some sort of downward trend does not make sense. You need to normalize the chart to account for inflation among other things.
Charts show the 0bama recovery is a myth, lie, hoax.
For the "Obama Phone Lady"......she thinks its great cause she got a free phone...its that simple for the 47%
The 47% will be pleased to note the price of crude is up.....a little thing we like to call WINNING!!!!
Not to rain on your math challenged parade, but the graph shows the trend since 1960. Not the last 4 years.
Looks like the only thing the recovery reocvered was "fail"
There should be a little picture of a dumpster at the lower right corner.
You get a lot of inefficiencies loading dumpsters. Volume is filled with fluff before weight limits are reached. Especially in a fails mix use economy. So, it's best to run failed muppets though chippers and blow remains into dumpster/compactors. Further downstream processing can recovry gold fillings, pacemakers, implants, fats and proteins for export to Chinese pig/fish farms to processed into "farm salmon" and served in fine New York restaurants, thus fully closing the financial/life cycle of the modern American Muppet serf.( Putting new meaning in the word, ' servant'. In as to be served up along with some grilled asparagus and white wine by the light of tattooed lampshades.)
FORWARD.......lol
Annual earnings now rising at 1%. Thank heaven fuel/food prices are rising at much less than that... oh wait... :(
O/T, but what a beautiful OpEx stop hunt in silver this morning.
http://blog.quantsig.net/2012/10/19/silver-2/
I assume it's gonna take an ever increasing force of government-driven propaganda to convince everyone that the US is on a path to prosperity even if the S&P 500 hits new all-time highs. And now let's bring back that chart from learnliberty.org that shows that mandatory spending already exceeds federal revenue.
off topic
spanish yields at 6 month low!
http://www.cds-info.com/
"Beating expectations", all... the... way... down...
Hedge accordingly (for example, copper is cheap, time to build another still).
Liberalism is a moral "flat line" !
and conservatism is a moral pitch fork, what's your point?
It just shows that we're not being earth eco-friendly fast enough.
Quickly, everyone reduce their carbon footprint by self-immolating.
Wouldn't that Increase your carbon footprint? At least in the near-term?
A good enviromentalist commits suicide....
if your yard looks anything like your face, I fully expect to see you on an episode of Hoarders crying over someone tryin to take away your 14th broken lawnmower
i realized last nite that the google "pre-announcement" yesterday was faked so that they could halt the stock because of the snafu. if they had presented the figures after hours the stock would have tanked into the open today with no credible reason for halting the slide. dirty scum......
Where is the chart for bankers and politicians income?
Just flip the charts on the horizontal axis.
More money for the 1% to buy stocks with.
Yep.
Think I'm a workin Chinese think I'm a workin Chinese I really think so ...
We are in deep. Too many people, not enough jobs=oversupply of labor=no pricing power. We will be taking what they're offering for many years. The tax burden must be reduced at the same pace as wages fall.
Too many thieves, government and their "friends".
Despite consistent cover-up attempts, Malthus was not wrong.
So, the moral to the story is that we never, ever actually recovered from the 1980 recession? That will come as quite a shock to many.
Interesting though that while "salaries" were ramping to the moon through the 60's and 70's, real disposable income growth was, essentially, no different than since the post-80 recession.
Don't you get it? Debt is money, money is debt. The reason there is less/no money is that traitorous enemies of The Bernanke, Krudman and the like, are failing to do their serf/slave/muppets obligation to March heroically and cheerful forward into the Stalingrad( Now renamed The GS Metrodome )
All thrifters, preppers, off griders, home schoolers, gentleman farmers are traitors! Enemies of scientific progress. Backward financial peasants of dead economists!
Krugmanism must not be defeated!
trickle down is working
It's the Trickle Me! Economy
Year 2100 is gonna suck
Jobs in the US paying less than $34,000 a year: 50 percent.
Jobs in the US paying below the poverty line for a family of four, less than $23,000 annually: 25 percent.
Youth employment: lowest level in more than 60 years.
Poverty-level wages, 2011: 28 percent of workers.
I dunno about you guys, but now I wanna to buy some GOOG stock!
http://www.thenation.com/blog/170678/week-poverty-what-we-talk-about-whe...
where's the amazing MillionDollarBonus_ to proclaim this is all a zerohedge sham and that as long as treasuries are down in yield & u3 is down with even more jobless that we're firmly in a recovery, with green shoots pushing right up through the anus like some Chinese bamboo torture and we should all bow down and worship the Federal Reserve?