The big hammer about to fall on Wall Street.

[ArcticCrusher]

11 minutes ago, motonoggin said:

Pictures=1000 words

Should be on a log scale then.

[Anler]

1 minute ago, motonoggin said:

This is literally every retired dude here 

Who's retired?

[Anler]

So the stock market goes apeshit after Trump is elected due to the expectation of reduced or laxed regulation and it doesn't take 10 months before we are facing a potential crash. Same shit that happened under our last republican president. When are you numbnuts going to get it? This make believe shit about "regulation is bad! We need to let the markets run free!" Is fucking killing us. Then the taxpayers get to bail these muther fuckers out again and let them start over. Fucking brilliant.

[02sled]

23 minutes ago, motonoggin said:

Pictures=1000 words

Except when they are inaccurate and open to wide interpretations... by the way.. I went to university in the late 70's and early 80's. Even back then my tuition was a lot more than $400.

[motonoggin]

[02sled]

1 hour ago, motonoggin said:

One of the big things that took place in the mid 70's that made a huge impact on productivity is computer systems began to expand exponentially, As an example compiling daily corporate sales numbers went from taking 100 people with thousands of pages of paper to automated data collection at the store level and transmission to a central system that consolidated and produced reports in less than a minute.

[Anler]

1 minute ago, motonoggin said:

I was going to say I made $3.15 an hour in 1986. $6.00 was baller man! 

[motonoggin]

[motonoggin]

1 minute ago, 02sled said:

One of the big things that took place in the mid 70's that made a huge impact on productivity is computer systems began to expand exponentially, As an example compiling daily corporate sales numbers went from taking 100 people with thousands of pages of paper to automated data collection at the store level and transmission to a central system that consolidated and produced reports in less than a minute.

So? 

[MiSledder]

Min wage wasnt 3 dollars in 1980, If Im remembering correctly it went up around 1982, Not 100% tho

[Highmark]

5 minutes ago, Arctic Cat Destroyer said:

So the stock market goes apeshit after Trump is elected due to the expectation of reduced or laxed regulation and it doesn't take 10 months before we are facing a potential crash. Same shit that happened under our last republican president. When are you numbnuts going to get it? This make believe shit about "regulation is bad! We need to let the markets run free!" Is fucking killing us. Then the taxpayers get to bail these muther fuckers out again and let them start over. Fucking brilliant.

The market didn't go up because of things Trump actually did although cutting some regulations helped.   There was a renewed confidence in the business environment since the election.   You are completely out of touch if you don't see it.   I see it HUGE in manufacturing.  Better to have market gains because of increased confidence than QE but both will burst at some point.   Just how much they burst is the question.  

[Anler]

Just now, Highmark said:

The market didn't go up because of things Trump actually did although cutting some regulations helped.   There was a renewed confidence in the business environment since the election.   You are completely out of touch if you don't see it.   I see it HUGE in manufacturing.  Better to have market gains because of increased confidence than QE but both will burst at some point.   Just how much they burst is the question.  

It was picking up already but I'll agree Trump gave people hope. But you can't fuck around with this stuff. Math is math. Right now wall street is exactly like a giant casino. There's a reason the fed hasn't raised interest rates as much as they should and now we are in sketchy territory again. 

[02sled]

22 minutes ago, motonoggin said:

Gross misrepresentation to suit your own agenda. I wasn't happy to keep working a menial minimum wage job. I tried it and didn't like it so I did something about it. My income when I retired was roughly 11 times what it was in 1978. That's a far cry from your 10%.

How stupid do you think people are to believe for a second that someone earning $5.00 or $7.00 an hour in 1978 would be earning $5.50 or $7.70 an hour today.

Bottom line... you don't like your job and what it pays. Do something about it. Take night school courses. learn a skill, get a better job. If you're complacent and happy to go to work, clock out, hit the bar, then watch TV and repeat the same job for 45 years... go for it... but don't complain about it. It's the choice you made.

[motonoggin]

7 minutes ago, MiSledder said:

Min wage wasnt 3 dollars in 1980, If Im remembering correctly it went up around 1982, Not 100% tho

And?

1 minute ago, 02sled said:

Gross misrepresentation to suit your own agenda. I wasn't happy to keep working a menial minimum wage job. I tried it and didn't like it so I did something about it. My income when I retired was roughly 11 times what it was in 1978. That's a far cry from your 10%.

How stupid do you think people are to believe for a second that someone earning $5.00 or $7.00 an hour in 1978 would be earning $5.50 or $7.70 an hour today.

Bottom line... you don't like your job and what it pays. Do something about it. Take night school courses. learn a skill, get a better job. If you're complacent and happy to go to work, clock out, hit the bar, then watch TV and repeat the same job for 45 years... go for it... but don't complain about it. It's the choice you made.

"The facts are biased to favor your argument"

"I clearly don't understand inflation"

"You're just bitter"

 

[02sled]

11 minutes ago, motonoggin said:

So? 

It explains your chart where it says something happened in the mid 70's when productivity took off. Of course you're foolish enough to thing that the employee income needs to go up because they were given a computer system to cut down on paper shuffling and their daily productivity increased thanks to that computer system. Not because their skill set increased or their value increased but because the company invested in a computer system.

[motonoggin]

3 minutes ago, 02sled said:

It explains your chart where it says something happened in the mid 70's when productivity took off. Of course you're foolish enough to thing that the employee income needs to go up because they were given a computer system to cut down on paper shuffling and their daily productivity increased thanks to that computer system. Not because their skill set increased or their value increased but because the company invested in a computer system.

It doesn't matter what I thought they deserved or didn't deserve. 

This has zero to do with merit and everything to do with simple math. No more wage growth means less real demand in the economy relative to supply and that demand gap is filled by debt in order to prop up supply. 

 

Edited November 27, 2017 by motonoggin

[02sled]

3 minutes ago, motonoggin said:

And?

"The facts are biased to favor your argument"

"I clearly don't understand inflation"

"You're just bitter"

 

I'm far from bitter... I'm quite happy with the way my life unfolded. You clearly don't understand inflation is an understatement. Economies have continued to evolve for a very long time. Pre WW2 the economies were based on a single family income. During WW2 a lot of women began working in factories to make up for the labour shortage. Post WW2 many of the women continued and started to work outside the home. The economy evolved to one based on a two income family. Don't forget to include that factor.

The only thing I regret missing out on was being able to invest money and earn in excess of 15% ROI annually

[02sled]

4 minutes ago, motonoggin said:

It doesn't matter what I thought they deserved or didn't deserve. 

This has zero to do with merit and everything to do with simple math. No more wage growth means less real demand in the economy relative to supply and that demand gap is filled by debt in order to prop up supply. 

 

You held up the chart as representative of a fallacy you try to persuade people to believe. Just because productivity increases due to an investment in technology does not have a correlation to what people are paid. That cost of technology just becomes another component of the cost of goods sold.

[motonoggin]

2 minutes ago, 02sled said:

You held up the chart as representative of a fallacy you try to persuade people to believe. Just because productivity increases due to an investment in technology does not have a correlation to what people are paid. That cost of technology just becomes another component of the cost of goods sold.

As I said. Productivity increases led to an increase in aggregate supply, however, there was no subsequent increase in wage based demand as there was in previous eras. Therefore, instead of allowing prices to fall, debt was used to make up the gap in aggregate demand left by stagnant wages. This also propped up prices artificially. 

Bottom line is, from 1980 on, the economy has become reliant upon debt and stagnant wages, and an entire generation basically robbed their children blind and retired comfortably.

4 minutes ago, 02sled said:

I'm far from bitter... I'm quite happy with the way my life unfolded. You clearly don't understand inflation is an understatement. Economies have continued to evolve for a very long time. Pre WW2 the economies were based on a single family income. During WW2 a lot of women began working in factories to make up for the labour shortage. Post WW2 many of the women continued and started to work outside the home. The economy evolved to one based on a two income family. Don't forget to include that factor.

The only thing I regret missing out on was being able to invest money and earn in excess of 15% ROI annually

No, dude, I was summing up each of your paragraphs with the quotes. Do you even internet?

[02sled]

4 minutes ago, motonoggin said:

As I said. Productivity increases led to an increase in aggregate supply, however, there was no subsequent increase in wage based demand as there was in previous eras. Therefore, instead of allowing prices to fall, debt was used to make up the gap in aggregate demand left by stagnant wages. This also propped up prices artificially. 

Bottom line is, from 1980 on, the economy has become reliant upon debt and stagnant wages, and an entire generation basically robbed their children blind and retired comfortably.

No, dude, I was summing up each of your paragraphs with the quotes. Do you even internet?

the only one bitter is you.... you have an axe to grind against the country and socioeconomic system in which you live

[motonoggin]

Just now, 02sled said:

the only one bitter is you.... you have an axe to grind against the country and socioeconomic system in which you live

 

[AKIQPilot]

40 minutes ago, motonoggin said:

What a fucking liar.  Min wage was $3.10 in 1980.  That's what most of us were making working our menial jobs.  

Keep up the Lie noggin.  I'm sure it makes you feel better about yourself.  

[motonoggin]

Just now, AKIQPilot said:

What a fucking liar.  Min wage was $3.10 in 1980.  That's what most of us were making working our menial jobs.  

Keep up the Lie noggin.  I'm sure it makes you feel better about yourself.  

No one is claiming that min wage was $6/hr in 1980.

[Mainecat]

Gonna drop wicked haaaard

[Anler]

1 hour ago, 02sled said:

It explains your chart where it says something happened in the mid 70's when productivity took off. Of course you're foolish enough to thing that the employee income needs to go up because they were given a computer system to cut down on paper shuffling and their daily productivity increased thanks to that computer system. Not because their skill set increased or their value increased but because the company invested in a computer system.

Why do most workers get a cost of living increase every year? Is it because their skill set went up? How about politicians? Sports figures? What the fuck are you saying? The bottom class needs to stay the fuck put while the top class moves up? These companies are using welfare and Medicaid to subsidize their labor. Wtf do you come up with this shit?