The Economy has Recovered.

[Nice Squirrel]

So this is just an irrelevant blog post?

How would you know, it appears your finger is broken. Here's a hint of what awaits you, it's a blog post (and reference to his related Wall Street Journal article) by John Cochran, economist,

Here's another chart and link:

http://news.investors.com/politics-...wage-workweek-hits-new-low-with-obamacare.htm

Yes, Obamacare is responsible for this. Considering it didn't kick in until after the article was published:

The figures underscore concerns about the ObamaCare employer insurance mandate's impact on the work hours and incomes of low-wage earners.
It's impossible to know how much of the drop relates to ObamaCare, but there's good reason to suspect a strong connection.

Strikelines over weasel phrases by me.

 

[Nexus]

Is this your best reply to the article on the study I linked?

Yes, because I do not doubt that the average family earns less today than in 1984.

Where does it say that?

 

[Nice Squirrel]

Yes, because I do not doubt that the average family earns less today than in 1984.

Where does it say that?

I meant wealth and I have no qualms with the findings.

 

[Nexus]

Do you realize this study is about family wealth and not income?

 

[Nice Squirrel]

Yes, and of course. Housing prices are no longer in a bubble.

 

[Nexus]

Then why did you bring up family income and say the study claimed it was greater in 1984 and therefore you will dismiss it out of hand?

 

[Nice Squirrel]

Because I was interrupted by work and being lazy. I mostly wanted to look at pictures of typical families. Families like this fill me with horror.

 

[tupac chopra]

It was a very unusual mix though. 799,000 part time jobs added and 523,000 full time jobs lost

 

[bleubird]

http://theconstructor.org/concrete/concrete-compressive-strength-variation-with-time/5933/
I have a graph.

 

[TV and credit cards]

It was a very unusual mix though. 799,000 part time jobs added and 523,000 full time jobs lost

A bit more telling for sure. The US is going to need a lot more of these 200k+ months and flip the blue/red bars to affect any real positive change in the economy. Part time jobs do not translate into home purchases especially now that we actually have lending standards.
All cash home purchases are up. Good source of rental income from the working poor for the very wealthy.
The best way out of this is continued pressure on the labor market to push incomes up and preventing the mega wealthy from creating another bubble to beat the poor back down.
Eight years of Elizabeth Warren oughta do it.

 

[Jason Harvestdancer]

But Boneyard Bill assured us only a month ago that we were heading into another recession, and Jason Harvestdancer one-upped him by proving with a sine wave that we were in The Great Depression Mk II. A freaking sine wave! You can't dispute that shit.

I compared it to a sine wave in order to illustrate the difference between a recession and a depression. Obviously that was a little too complicated for some people.

And I'll believe we are in a recovery when we finally start seeing actual recovery instead of "oh but this one data point here contradicts the aggregation of all the other data and therefore this one data point proves that GDII is over."

 

[laughing dog]

But Boneyard Bill assured us only a month ago that we were heading into another recession, and Jason Harvestdancer one-upped him by proving with a sine wave that we were in The Great Depression Mk II. A freaking sine wave! You can't dispute that shit.

I compared it to a sine wave in order to illustrate the difference between a recession and a depression. Obviously that was a little too complicated for some people.

And I'll believe we are in a recovery when we finally start seeing actual recovery instead of "oh but this one data point here contradicts the aggregation of all the other data and therefore this one data point proves that GDII is over."

Anyone is entitled to their beliefs. For example, someone can believe we are in the Great Depression II despite the overwhelming evidence that the US was and is not in a depression (in the usual understanding of the term).

 

[Loren Pechtel]

I meant wealth and I have no qualms with the findings.

Red herring. That's mostly showing the housing bust.

 

[Jason Harvestdancer]

I compared it to a sine wave in order to illustrate the difference between a recession and a depression. Obviously that was a little too complicated for some people.

And I'll believe we are in a recovery when we finally start seeing actual recovery instead of "oh but this one data point here contradicts the aggregation of all the other data and therefore this one data point proves that GDII is over."

Anyone is entitled to their beliefs. For example, someone can believe we are in the Great Depression II despite the overwhelming evidence that the US was and is not in a depression (in the usual understanding of the term).

Did you at least understand that I was only using the sine wave as a tool to illustrate the difference between a recession and a depression? It seems that nobody was able to get that from my post. I did go out of my way to say that the economy wasn't like a sine wave, that I was only using it to illustrate the difference between recession and depression - as a mathematician it is the difference between the value of the function and the value of the first derivative - but it seems everyone else thought I was saying that the economy was a sine wave and nobody understood that the sine wave was for illustrative purposes only.

I guess you also were thinking that I "proved the economy is a sine wave."

 

[laughing dog]

Anyone is entitled to their beliefs. For example, someone can believe we are in the Great Depression II despite the overwhelming evidence that the US was and is not in a depression (in the usual understanding of the term).

Did you at least understand that I was only using the sine wave as a tool to illustrate the difference between a recession and a depression? It seems that nobody was able to get that from my post. I did go out of my way to say that the economy wasn't like a sine wave, that I was only using it to illustrate the difference between recession and depression - as a mathematician it is the difference between the value of the function and the value of the first derivative - but it seems everyone else thought I was saying that the economy was a sine wave and nobody understood that the sine wave was for illustrative purposes only.

I guess you also were thinking that I "proved the economy is a sine wave."

As your entire blathering response showed, you thought wrong. To rephrase my observation, it is absurd to say the US just suffered the second Great Depression.

 

[Jason Harvestdancer]

You didn't answer the question.

Did you understand that the only reason I brought up the sine wave was to illustrate the difference between a recession and a depression? Or do you agree with KeepTalking about my post "proving with a sine wave that we were in The Great Depression Mk II. A freaking sine wave! You can't dispute that shit."?

It's a very simple question. It's the kind of question you never answer though. You never answer simple questions. You do respond, but never by answering the question.

 

[laughing dog]

You didn't answer the question.

Did you understand that the only reason I brought up the sine wave was to illustrate the difference between a recession and a depression? Or do you agree with KeepTalking about my post "proving with a sine wave that we were in The Great Depression Mk II. A freaking sine wave! You can't dispute that shit."?

It's a very simple question. It's the kind of question you never answer though. You never answer simple questions. You do respond, but never by answering the question.

I did answer the question f you actually stopped to think about it. There was no Great Depression II, so you cannot use any sort of reasoning or wave to prove we were in something that did not occur.

 

[Jason Harvestdancer]

You didn't answer the question.

Did you understand that the only reason I brought up the sine wave was to illustrate the difference between a recession and a depression? Or do you agree with KeepTalking about my post "proving with a sine wave that we were in The Great Depression Mk II. A freaking sine wave! You can't dispute that shit."?

It's a very simple question. It's the kind of question you never answer though. You never answer simple questions. You do respond, but never by answering the question.

I did answer the question f you actually stopped to think about it. There was no Great Depression II, so you cannot use any sort of reasoning or wave to prove we were in something that did not occur.

Your answer that there is no Great Depression II is irrelevant to the question of "did you understand that the sine wave was for illustrative purposes to differentiate between recession and depression?" I notice that again you didn't answer that, and tried to point off your position that "it can't be GDII because Obama is president" as if it were an answer.

So answer the question of "did you understand that the sine wave was for illustrative purposes to differentiate between recession and depression?"

 

[laughing dog]

I did answer the question f you actually stopped to think about it. There was no Great Depression II, so you cannot use any sort of reasoning or wave to prove we were in something that did not occur.

Your answer that there is no Great Depression II is irrelevant to the question of "did you understand that the sine wave was for illustrative purposes to differentiate between recession and depression?" I notice that again you didn't answer that, and tried to point off your position that "it can't be GDII because Obama is president" as if it were an answer.

Apparently you don't even read your own posts. I answered Or do you agree with KeepTalking about my post "proving with a sine wave that we were in The Great Depression Mk II. A freaking sine wave! You can't dispute that shit."?

So answer the question of "did you understand that the sine wave was for illustrative purposes to differentiate between recession and depression?"

I did answer the question. I understood the illustration. I know the illustration was irrelevant. And I know that using a sine wave to illustrate the difference between a recession and a depression requires a number of caveats, none of which you addressed.

I look forward to seeing the way(s) in which you will misunderstand this response.

 

[Jason Harvestdancer]

I understood the illustration.

This is an historic first - you answered a direct question with a direct answer.

We must mark this day for historical purposes.