tag:blogger.com,1999:blog-8515247115132134144.post8972325688308728704..comments2024-02-17T12:34:01.400-08:00Comments on Illusion of Prosperity: Yow 10,000Stagflationary Markhttp://www.blogger.com/profile/04568993350246477976noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8515247115132134144.post-40992888686484633512013-11-02T19:01:31.188-07:002013-11-02T19:01:31.188-07:00Troy,
I think it's steady-as-she-goes for the...Troy,<br /><br /><i>I think it's steady-as-she-goes for the remainder of the decade.</i><br /><br />I am not in that camp. Time will tell.<br /><br /><i>The only thing that matter to the middle class is the Distribution. The Cheese must flow!</i><br /><br />I don't believe the cheese is flowing all that well. There's a <a href="http://research.stlouisfed.org/fred2/graph/?g=nZK" rel="nofollow">hardening of the arterials</a>. This does not bode well for the brick and mortar retail businesses which employ many millions of workers.Stagflationary Markhttps://www.blogger.com/profile/04568993350246477976noreply@blogger.comtag:blogger.com,1999:blog-8515247115132134144.post-4429385511881277302013-11-02T18:51:34.706-07:002013-11-02T18:51:34.706-07:00http://research.stlouisfed.org/fred2/graph/?g=nZI
...<a href="http://research.stlouisfed.org/fred2/graph/?g=nZI" rel="nofollow">http://research.stlouisfed.org/fred2/graph/?g=nZI</a><br /><br />blue is job expansion YOY. red is working-age YOY growth.<br /><br />The 1990s were pretty good, bookended by the two purgative recessions.<br /><br />The 2008-2009 recession was just a collapse of the illusion, but we're using new bubble machines now.<br /><br />I think it's steady-as-she-goes for the remainder of the decade. <br /><br />Baby boom is aged 49 to 67 now and the median boomer is pushing 60. Not every boomer is going to retire at 62, but many can, and this will be a new paradigm for us -- a replacement economy not a straight growth one.<br /><br />The only thing that matter to the middle class is the Distribution. The Cheese must flow!Troynoreply@blogger.com