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Just because you have gave up looking for work and decided to apply for disability or welfare instead doesn't mean you really aren't unemployed.
Agreed. So the thing government decides to do is ignore those who not only are not contributing to the economy they are taking money out by relying on government or others to take care of them.
As the housing recovery now moves in fits and still-weak starts, the super-pricey segment is sizzling. Sales of the most expensive 1 percent of homes in the U.S. are up 21 percent this year, according to a report from Redfin, a Seattle-based real estate brokerage. Sales in the remaining 99 percent are down 7.6 percent.
As the housing recovery now moves in fits and still-weak starts, the super-pricey segment is sizzling. Sales of the most expensive 1 percent of homes in the U.S. are up 21 percent this year, according to a report from Redfin, a Seattle-based real estate brokerage. Sales in the remaining 99 percent are down 7.6 percent.
That is one way for the government to say that inflation is under control.
HUh?
What does that article have to do with inflation?
It's not really even talking much about prices, just about the VOLUME of sales.
Did you even read it?
I finally caught a break and I thought that saving up for 2-3 years could get me a really big down payment for my 1st house. Now house prices are getting absolutely ridiculous. House prices need to slow down to a halt or go back down. It is ludicrous and its almost impossible for first time buyers to buy a house. And they seriously need to stop the inflow of foreign cash in buying up properties and renting them out. The prices should haves stayed where they were at in 2010 and 2011.
I finally caught a break and I thought that saving up for 2-3 years could get me a really big down payment for my 1st house. Now house prices are getting absolutely ridiculous. House prices need to slow down to a halt or go back down. It is ludicrous and its almost impossible for first time buyers to buy a house. And they seriously need to stop the inflow of foreign cash in buying up properties and renting them out. The prices should haves stayed where they were at in 2010 and 2011.
And they say there is no inflation
But...but...but.... all those wingnuts on this board were saying that the housing market HASN'T RECOVERED and that the "shadow inventory" would keep home prices depressed for a decade or more!!!!!!!
Can it be that the wingnuts were wrong yet AGAIN???????
But...but...but.... all those wingnuts on this board were saying that the housing market HASN'T RECOVERED and that the "shadow inventory" would keep home prices depressed for a decade or more!!!!!!!
Can it be that the wingnuts were wrong yet AGAIN???????
Ken
But...but....but....an investor driven recovery is a BAD thing
There are NOT "less people working since the 1970's" There are MILLIONS more people working today than there were in 1970. The PERCENTAGE of folks working is lower but the COUNT of people working is higher. Social and demographic factors have a huge impact of the Labor Force Participation rate. Babyboomer swelled th Labor Force Participation Rate as they grew into their "laborforce years" and they're shrinking it again as they leave their "laborforce years".
In 1970 there were 28.682,286 folks over 60 (14.1% of the population)
In 2010 there were 56,986,401 folks over 60 (18.4% of the population)
That's more than double. Meanwhile the U.S. population in that time has grown by only 50% - meaning the "over 60" population is has grown at TWICE the rate as the U.S. population as a whole. That has a significant impact on the LFPR - and that impact is only going to grow.
By 2020 there will likely be 75,813,321 folks over 60 - nearly TRIPLE what it was in 1970 (22.2% of the population) - meaning that as a percentage of the overall population, the "over 60" group will have increased by 50% since 1970. By 2040, they will make up fully 1/4 of the U.S. population.
Meanwhile the U.S. is experiencing the slowest overall population growth since the 1930's.
You keep jumping back and forth from percentage numbers to actual numbers depending on which set of numbers suits your needs. For example, going from 14.1% to 18.4% is not doubling. it's actually much less than 50%. Then you go on to state that the US population has only grown by 50%.
Please stick with like numbers instead of trying to fool the mathematically challenged. You would make a good liberal politician. This is how they fool their constituents all the time.
Goldman Sachs Group Inc. (GS) President Gary Cohn said low volatility and interest rates that are holding in tight ranges have resulted in an “abnormal” trading market.
That's what happens when we artificially manipulate things.
Goldman Sachs has responded to years of declining fixed-income trading revenue by cutting jobs and capital in the business, Cohn said. The number of employees is down 10 percent from 2010 and risk-weighted assets have declined by $90 billion since the second quarter of 2012, he said.
“We’re not just waiting for things to get better,” Cohn said.
You keep jumping back and forth from percentage numbers to actual numbers depending on which set of numbers suits your needs. For example, going from 14.1% to 18.4% is not doubling. it's actually much less than 50%. Then you go on to state that the US population has only grown by 50%.
Please stick with like numbers instead of trying to fool the mathematically challenged. You would make a good liberal politician. This is how they fool their constituents all the time.
The NUMBER of older folks roughly DOUBLED while the total US population went up by 50% - which is WHY the PERCENTAGE of older folks went UP from 14.1% to 18.4. Those things are RELATED.
NO MATTER HOW you look at it - both the number (and more importantly) the PERCENTAGE of Americans who are older IS GROWING. Older folks is the fastest growing age group in the country - growing at roughly TWICE the rate of the country as whole.
Even the "mathemattically challenged" - which apparenly includes you - should be able to comprehend that. It's not that complicated.
But...but....but....an investor driven recovery is a BAD thing
Why?
You have a problem with free enterprise?
You have a problem with private investors seeing an opportunity and making money from it while putting the hundreds of thousands of workers involved in the housing industry back to work over the last few years?
Are you a Socialist or something?
You'd rather have millions more people underwater on their homes?
You'd rather have home construction at a standstill with hundreds of thousands of contruction workers thown out of work?
Me, I'll take a housing recovery in whatever form it takes. Investors SAVED the housing industry.
Ken
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