Posted on 06/21/2016 4:48:13 PM PDT by blam
Jun 21, 2016
Harry_Dent
We all know the situation in the markets is dire. Like, really, everyone knows. There’s an old phrase from Margaret Thatcher’s day (and mine, I suppose) that has recently come back into use: There is no alternative. There’s even an acronym: TINA.
There is no alternative example of a campaign advertising material of the CDU for the 1994 election for the Landtag of Thuringia.
That’s quaint, and all, but this meatily numbered piece shows the heart of what that phrase means.
There is no alternative, the markets will correct. They have to, regardless of how hard the Fed fights.
We’re long overdue, and the heart of this piece is the fact that we haven’t been here, in this way, since a year or so, after the Great Depression.
More 18- to 34-year-olds are now living with their parents than at any time since 1960, when the number hit an all-time low of 20%.
It’s now jumped up to 32.1%, and is as high as 36% for those with a high school education or less. The number jumped to 28% in 2007, with the Great Recession catapulting it to 32% in just seven years.
For the first time in history, living with parents has surpassed living with a spouse or partner, with over 30% of children now living with parents, as the chart below from Pew Research shows. Fourteen percent live alone or as a single parent, with more women at 16% than men at 13%.
(snip)
(Excerpt) Read more at marketoracle.co.uk ...
I believe it —
O’Bama’s Amerika
Sad commentary!
Obama is doing a good job transforming America.
And every last one of them is bitching about their conservative, working family members on social media.
This is an interesting development.
awful
And I think it will become more and more apparent as the coming depression hits us.
To be fair, the trend had started before Obama, with the free trade, WTO and NAFTA nonsense, the jobs have been steadily flowing to China and other third world countries, probably started under Bush I.
I don’t see this as necessarily a bad thing.
It’s good for families to be together.
Someone gets it.
Which “Summer of Recovery” are we currently in? I forgot.
“There is no alternative, the markets will correct. They have to, regardless of how hard the Fed fights.”
Bingo. Market forces are like forces of nature, you can obstruct them, but you can never stop them, and to try and do so is as foolish as trying to stop the wind from blowing or the sun from shining.
Just hang on. It’s going to get worse.
Obama and the Democrats have made certain of it.
My daughter, her hubby and kids have been with me almost six years. I put him thru college. It’s paying off, he’s knocking down $70K+ per year. They will be gone soon. Hell, maybe I’ll sell them my house and rent from them?
It’s because some millennials are majoring in gender/LGBTQ studies. Where can you get a job with that major? Tell me, because I don’t know.
Bush's FaultTM
Not like this. Not when the adult child has no romantic interest, no work interest, and just wants to stay home all day.
This is going to be a big economic issue in the future, when the parents no longer work and can no longer support the kids--and the kids have no job skills whatsoever.
(Although it wouldn't be as bad if he would just bring home a girlfriend and start having kids...)
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