Friday, April 3, 2015

The Crock of $#@% Report v.005

Who knew this was crock of $#@% Friday? Two reports on the same day? What can it mean?

April 3, 2015
Three cheers for Washington

But compare us, and your own circumstances I hope, to the state of other countries and citizens around the world.

My life is better than the life of a Chinese factory worker! I'm also doing better than many in Syria and the Ukraine! Woohoo! Thanks Washington!

Or compare the U.S. now to the 1930s.

The U.S. does seem to be doing a bit better than it was during the Great Depression! Only 46 million or so on food stamps! What lofty goals we set for ourselves! Thanks Washington!

On an absolute basis, things are never good enough. On a relative basis, things aren’t so bad.

On an absolute basis, a crock of $#@% never makes a tasty meal. On a relative basis, a crock of $#@% can make a very tasty meal! Just need to find the right thing to compare it against.

See? Things aren't so bad! Three whacks for Washington!

Forehead. Desk. Whack. Whack. Whack.

12 comments:

Troy said...

yup, amazing the prosperity you can create going $6T in debt to the ROW in 7 years, 2008-2014.

http://en.wiktionary.org/wiki/illusion#Etymology

http://research.stlouisfed.org/fred2/graph/?g=16rV

shows how we've been levered up 2000-2010 while TBTF leveraged themselves down 2010-now.

1 in 3 would be in poverty in this country but for gov't transfer payments.

In the late 70s there were almost 20M manufacturing jobs here, now there are 12M.

https://research.stlouisfed.org/fred2/series/MANEMP

During the bubble we had 8M construction jobs, now there's just over 6M

https://research.stlouisfed.org/fred2/series/USCONS

And this is with Gen Y hitting their mid 20s in force now, needing new housing!

With the GOP happy giving a chokehold to spending

https://research.stlouisfed.org/fred2/series/FGEXPND

I think things just might start flaming out from here. Spending was accelerated 2010-2011, but we've caught up to the long-term trend now, and given the income distribution ripping trillions OUT of the paycheck economy, we're going to have to either put more money back in or see the return of the cyclical business cycle aka recession . . .

Federal health spending:

http://research.stlouisfed.org/fred2/graph/?g=16s2

^ real per-capita (15-64) Fed health spending

is a sight to behold though, $5000!

It's possible to live quite comfortably on $5,000 -- if you don't have any housing or health expenses!

Stagflationary Mark said...

Troy,

It's possible to live quite comfortably on $5,000 -- if you don't have any housing or health expenses!

Absolutely! I watched Maidentrip recently. That's the life. Girl spent two years sailing around the world on a relatively cheap boat. She had it all figured out as a teenager.

Rob Dawg said...

Today's tank slapper:
https://research.stlouisfed.org/fred2/graph/?graph_id=232145

Stagflationary Mark said...

Rob Dawg,

May need to install a "damnpener" on that one. ;)

Troy said...

http://research.stlouisfed.org/fred2/graph/?g=16tA

shows we're 5M+ short of the full-time employment trend

mab said...

http://www.gallup.com/poll/181580/new-congress-slightly-higher-ratings-unpopular.aspx?utm_source=congressional approval rating&utm_medium=search&utm_campaign=tiles

I keep telling myself to cheer up things could be worse.

And look on the bright side, we have the best Congress that money can buy!

Stagflationary Mark said...

For what it is worth, I'd be tempted to move the data in red down quite a bit and point out the two bubbles.

Stagflationary Mark said...

mab,

Things could be worse!

For example, "they" could mark your comment as SPAM even though you've been posting here since the creation of dirt, lol. Sigh.

No worries though. I rescued it.

Instead of dwelling on how things could be worse, let's think anout how things could be butter. I am, but that's mainly because I need to lose weight.

As of Thursday, I'm on blood pressure medication. Seriously.

Thanks Washington! Probably couldn't have done it without you!

mab said...

mark your comment as SPAM

For once, perhaps "they" had it right!

since the creation of dirt

5000 years ago by some accounts. Who can say for sure?

Stagflationary Mark said...

mab,

5000 +/- 4.54 billion years

It's all good once you include an error range.

mab said...

5000 - 4.54 billion!

That means we don't exist yet.

Maybe it's curved space. Or maybe it's something about the Emperor's new clothes! Or maybe something else.

Either way I'm sure the jokes on me. I just know it!

Stagflationary Mark said...

mab,

OMG! You are right!

This is not the real earth! It is simply a computer simulation! We aren't even at the prototype stage yet!

The real earth will simply be the desk toy of a chief executive officer at some intergalactic transportation company. And, for egotistical reasons, man will have been created in his image!

Some things never change.