What if housing valuations are in a structural, multi-decade decline?
According to the Census figures, the median annual income for a male full-time, year-round worker in 2010 — $47,715 — was virtually unchanged, in 2010 dollars, from its level in 1973, when it was $49,065.
Overall, median household income adjusted for inflation declined by 2.3 percent in 2010 from the previous year, to $49,445. That was 7 percent less than the peak of $53,252 in 1999.
Planning your spring garden? Longtime oftwominds.com supporter Everlasting Seeds has a deal for you. At my request, Everlasting Seeds prepared a variety pack of non-hybrid seeds just for small gardeners like myself. If you've never planted a garden but always wanted to give it a try, this is the perfect opportunity to get started. Longtime gardeners will enjoy trying a different mix of veggies.
Contains 30 seeds of each: Corn Broccoli Pea Onion Radish Carrot Cabbage Tomato Cauliflower Spinach Lettuce Pole Bean
Three New Podcasts now available: Macro Analytics podcasts with Gordon T. Long (about 20-25 minutes each). Each podcast is accompanied by a number of interesting charts; check out all the recent shows with Ty Andros, John Rubino, and three with Gordon and myself discussing these topics:
-- Fake Wealth Creation
-- The "Let's Pretend" Economy
We cannot know when the Central State and financial system will destabilize, we only know they will destabilize. We cannot know which of the State’s fast-rising debts and obligations will be renounced or written down; we only know the debts and obligations will be renounced in one fashion or another.The process of the unsustainable collapsing under its own weight and being replaced with a new, more sustainable model is called revolution, and it combines cultural, technological, financial and political elements in a dynamic flux. Though these systemic transitions can be profitably understood as cycles, history only illuminates past transitions; what the new arrangement will be is our choice.
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