Posted on 05/07/2016 11:30:27 AM PDT by Lorianne
Anyone questioning the sustainability and rightness of The New Normal is immediately attacked by the mainstream-media defenders of the crumbling status quo. Not only is everything that broke in 2008 fixed, everything's going great globally, and anyone who dares question this narrative in a tin-foil hat conspiracy nut or simply an annoyingly doom-and-gloomer who recalcitrantly refuses to accept the positive glories of official statistics: low unemployment, rising valuations of stock market Unicorns, etc.
But the New Normal is anything but normal; all the readings of artificial life-support and manipulation are off the charts. If the New Normal were indeed a return to normalcy, we'd see a rapid and sustained decline in official life-support of the economy. We also see increasing dependence on debt to sustain increasingly weak growth. The New Normal is all about diminishing returns on additional debt.
The New Normal is also about the loss of institutional credibility. The Federal Reserve denies it makes policy decisions based on the stock market, but as soon as stocks start tumbling, the Fed's leadership hits the airwaves with a media blitzkrieg, frantically assuring the world that the Fed will do "whatever it takes" to keep stocks at absurdly overvalued levels forever.
It once cost the equivalent of a new auto to attend a highly regarded public university. Now they cost the equivalent of a new house--and a mansion at that. In the pre-New Normal world of academia, the highest paid employees were senior professors (other than the university president).
(Excerpt) Read more at charleshughsmith.blogspot.jp ...
All you need to know is the source and cause of this abnormal “normal” is the $4 trillion mostly unconstitutional federal government which must be cut by 80% and put back into its constitutional cage. No more abnormal normal. Instead a free, happy, and healthy society.
Symptoms of Democrats failed economic model of ‘building the economy from the middle out’.
I WISH a new house cost the same as 4 years tuition at a highly regarded public university.
That would be a dream come true.
..
“I WISH a new house cost the same as 4 years tuition at a highly regarded public university”.
Yeah.
A new house costs like 10 times the cost of four years for a private top line university.
If you have enough time to complain you have enough time to get a job. If you can’t afford a house or college it’s your own fault for being lazy.
Interesting that it correlates with historically low home ownership. Housing is still in a bubble, as is education.
2017 tuition and fees at Columbia = $55,000 x 4 = $220,000
Average new home cost =$288,000
Not exactly, but close.
A university in Manhattan isn’t exactly a representative of what a good public university will cost.
And I was not aware that an average home in Manhattan costs 288k.
This is why we need a businessman running the country.
The economy is in the doldrums because nearly everyone is paying today for the bills they ran up over the past decades - and further dampened by the prospect of society as a whole having to pay the debt accumulated by the fed to pay for today.
Cut government by a fraction of what I’m calling for and this deficit will disappear, melting like butter on a hot stove.
THE issue is the $4 trillion size of the mostly unconstitutional federal government. Make the unconstitutional portion, or even a significant fraction thereof, go away and no one will be talking about a deficit problem.
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