Sicilianthing

The Math never lies and here you can see the Data and Learn... WARNING Bells are going off all around you !


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Ultimate Indicator Shows US Never Recovered From The '08 Great Financial Crisis

by Tyler Durden
Tue, 03/20/2018
Authored by Chris Hamilton via Econimica blog,

The ultimate indicator of personal economic confidence is the determination to perpetuate the species and have children.

The charts below shows annual US births from 1910 through 2017 and it is estimated there were 3.84 million births in 2017, nearly a hundred thousand fewer than in 2016.

The 2017 figure is also nearly a half million fewer than the late 1950's baby boom era peak and likewise below the subsequent mid 2000's double peak.

The 2017 figure is also nearly six hundred thousand below the Census estimates provided as recently as 2000 and 2008.

Click here for Graphs and Real Time Data:
http://www.zerohedge.com/news/2018-03-20/ultimate-indicator-shows-us-never-recovered-08-great-financial-crisis

woodguru

That crash can't really be recovered from, it was estimated conservatively that americans lost at least 15 trillion dollars of savings and retirement funds. Retirement funds themselves lost huge amounts of cash assets to where they cannot recover. The hidden nightmare economically is how many retirement funds will not be able to provide the retirement incomes to the workers who are currently still contributing. That ponzi scheme still has money going in that is gone. Current revenues are paying for the retirements that are going out now. Wallstreet risk taking was devastating to retirement funds.

If the GOP gets it's way they will hand over social security assets to private equity fund managers. If that happens we are in deep doo doo. We're about to see another "adjustment", and it will make 2008 look like a little hiccup.

Numbers and math don't lie.

Sicilianthing

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I agree and with the data I see the Recession has already started picking up steam as companies continue to shut down, downsize, close stores (regardless of online shopping) and Bankruptcies etc...

jack sequim wa Loc: Blanchard, Idaho

Make no mistake about the seriousness of the 08/09 event.

THIS WAS NOT A RECESSION

What happened to the economy was far deeper than the 29 depression.

Unemployment benefits extended beyond a year, supporting Rent/car payments, ect

Food benifits with nearly half Americans receiving one form or another of food benefits.

Social security and social security disability benefits

None of these existed during the 29 depression

Had we not had these benifits the American public could not be fooled to the depth and just how close we came to a complete collapse

Because if benifits Americans were able to t***splant for work, or live with parents or family and still receive benefits.

Food lines would have gone for miles in every major city, blocks in smaller cities.
Complete panic would have broken out causing far more fear among Americans that had funds, those funds they would have begun withdrawing from banks and credit unions County wide, selling off stock, causing a complete collapse.

It was the worst depression in Americans history.

Remember years before corporations were downsizing due to the many businesses that had moved over seas.

Present, mud, post 08/09 we lost thousands of strip malls, thousands of new/used car dealers, thousands of restaurants, and tens of thousands of supporting businesses. Still even this last week we hear of businesses closing.

Why are businesses across America still closing? Because jobs that pay a living wage are still millions short, Americans are still cash poor. There are segments of our population feeling more confidence since President Trump and have begun spending disposable income, but there are millions of jobs needed that pay not only just a living wage, but allowing vacations, dinners out, clothing, boats, furniture, home improvements five times what we now have at our newest highs.

Obama really did America dirty with not only failed policies, but policies that caused businesses to close, stopped corporations from growing.
Trump understood the only way America has even a sliver of a chance will be 100% oil independence with excess to export. Bring back manufacturers and not just a few but enough to create millions of living wage jobs with disposable income. And Trump knows it needs to happen fast, fast. Having a gdp of 3.5%-4.25% will not be enough, self sustaining oil, manufacturing of products keeping dollars in America, not dollars going overseas.

Currently our unfunded liabilities are mathmathicly impossible to ever repay at 80+ Trillion dollars

Our national debt is becoming an issue again as interest rates rise making interest only payments impossible unless Trump pulls off millions of new jobs, real jobs.

Then we have the elephant in the room of bonds.....

And the even bigger elephant economist are not talking about, nations in our world that are h*****g from a thread of collapsing, multiple in Europe, Japan, India, China, Russia to name a few and if these countries (and they will) increase the rate of decay, they will begin following each other off the cliff pulling America along that dark path. If America can become self sustainable then we will have a chance that when the economy crashes, it will not be a complete collapse but the clock is ticking and the more progressives and Rhino's block and delay President Trumps agendas, the greater chance of complete collapse.

woodguru

Every bankruptcy represents money already spent that's gone. Banks then eat the loss.

One of the things that's a bit different as far as something that will not add to the crisis that happened in 2008 is mortgages.

I have refinanced my house twice in the last three or four years to get the modest amount out we wanted for a kitchen remodel and a solar system. Energy efficiencies and solar has lowered our electric bill by between $500 and $900 a month, so that pays for equity money taken out of the home. Loans were much harder to get than they were prior to 2007/2008. We "qualified" for a $900k loan on a house worth $950k in 2006. The last five years as we wanted money out of this house we couldn't get the $70k we wanted when we had a $240k loan on a house worth over an FHA appraised $700k. My point being that banking regulations made it far harder to get overextended in the market after 2008. Very few people who bought and financed homes over the last five or six years are going to be in trouble over taking too much money out of homes. Even if the market crashes and home values get hit hard there will be far less foreclosures adding to the crisis.

Banking regulation responsible for keeping banks from loaning people way too much money.

Sicilianthing

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Yes Jack I already know all this I’ve studied it for years... Trump got tricked flat out... now he’s stuck in the SWAMP and who knows what’s coming next.

Sicilianthing

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I no longer care about the excuses, reasoning, fallout or justifications.. it’s all Cooked and it’s all Bankster Fault
It’s all baked in now and the Chickens are coming home to roost.

Trump’s job report is a Sham
Lousy jobs
No real increase in incomes
The inflation report is a sham
The unemployment report is a sham...

You’re being lied to daily...

The Bloodletting will continue until everyone is affected.

woodguru

I find it interesting that you have an awareness of the scope of a problem, but a disconnect in reasons and solutions that happened under Obama and under Trump.

Bush crashed the economy when he took office and lowered taxes under the premise that a budget surplus deserved to go to wealthy people. It just took eight years for the economy to crash. Stepping into a situation where the entire economy was in catastrophic failure takes moves that are sometimes going to make some things worse before they get better. Job policies have to be made through stimulus (government infrastructure spending) that puts people to work. Obama was tasked with trying to bring down a $1.3 trillion dollar deficit. The GOP sees solution through spending unless it's a dem in the white house. and if you don't believe that you aren't watching the $1.3 trillion spending bill brought about in part by an ill advised tax reduction. Obama rode the line of reducing spending without hammering a recovering economy.

The economy was in nice shape when Trump took office, jobs had been growing over a continuous 80+ month pace. The jobs market lost 800,000 jobs in Bush's last month. Home values were excellent, unemployment was approaching 4% (from the 11% when he took office), stock market was setting new records. Things were in a set direction, and that economy can either be left going the direction it is or mess with it and create a floundering or changed direction.

Trump is doing things that are triggering change, and it's way harder to trigger more growth when growth is already happening than to trigger a collapse. The collapse is in fact too easy to trigger, any number of things can do it, and Trump has unleashed an array of things that can trigger change. In fact Trump did the exact thing that Bush did right out the gate, lowered taxes. Do the math, the immediate result is that revenues being reduced adds that exact amount to the deficit. The GOP would have to know that it was going to be a priority for the economy to increase infrastructure spending, so why on god's earth would you add to increases you know are necessary by reducing revenues? The GOP also as a priority wanted to increase defense spending. Reducing taxes under Bush was justified albeit stupid because there was more money coming in than the government was spending. Republicans apparently couldn't see "extra" money going toward paying down the debt, which is why a surplus is necessary.

Taxes need to go up, wealthy people need to shoulder that burden, not working class people. The periods where the wealthy and corporations had the highest taxes in our history are the periods of the most robust growth and prosperity the country has ever seen. The concept that a person making over ten million dollars having to pay five million in taxes would be broke is moronic. I have friends in other countries who are wealthy, millionaires pay upwards of 70 and 80 percent and more of their incomes. The equalizers for them are there, the home a working class person can afford might be under $100k, while the house that would cost millions here is only a million, thereby allowing the person paying higher taxes to live well even though to our standards they are being k**led by taxes. Denmark has a 250%+ and going up to more on luxury cars tax on cars, that means that a $100,000 BMW costs hundreds of thousands of dollars. I picked up a friend who has a company I did business with who's company makes about $350 million a year. He was stunned by a BMW 750il I picked him up at the airport with. I remarked that he could afford one, and he said no way, that's a $750k car.

The US has the lowest effective tax rate in the world for wealthy people. I say effective because even though there might be a 39% rate, virtually nobody making a lot of money pays that because of write off loopholes that favor wealthy people. I have been to a friend's house in Hong Kong, it was no different than a nice 3500 sq ft 5 bedroom executive house I bought in 1987 for $105k, his was worth 4.5 Million. My point being that we have a far lower cost of living for the comfortable than many other countries enjoy.

And here is a class of billionaire I don't know how anyone can defend on lower taxes, billionaires like hedge fund managers who get a billion a year in income and bonuses. Why they shouldn't pay 39% on a billion dollars is beyond me, why they get a special tax status that says that it isn't income but capital gains makes no sense. These are the people that can afford to pay the most without missing it at all.

We should have a sliding scale that goes up from nothing as income goes up, and the 3% making the most should be paying the most in taxes. Tax reform that makes sense would give us a zero deficit situation.

Sicilianthing

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Personal Income tax is Unconstitutional Flat OUT Mr. Woodchuck !
Things were set in motion going back 3 administrations and 20+ years that are now expiring and they will crash the economy no matter what, in fact the Economy is already sliding you just can’t see it yet.

Please come back when you have real data.