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Keyword: greaterdepression

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  • The average salary of a millennial

    09/20/2017 5:24:18 PM PDT · by ForYourChildren · 39 replies
    Aol. ^ | 03/08/2017 | Amelia Josephson
    If you're a millennial, it probably won't shock you to learn that the average salary of a millennial today is an estimated 20% lower than the average salary that a baby boomer had at the same age (in real terms). What's more, today's millennials are deeper in debt than their parents were at their age. Let's take a closer look at the average salary of a millennial. Millennial Earnings Before we can explore the average salary of a millennial we'll have to define our terms. So who counts as a millennial? Depending on who you ask, some will say that...
  • Signs Hyperinflation Is Arriving

    10/30/2010 5:58:05 PM PDT · by blam · 43 replies · 1+ views
    The Market Oracle ^ | 10-30-2010 | Gonzalo Lira
    Signs Hyperinflation Is Arriving Economics / HyperInflation Oct 30, 2010 - 10:18 AM By: Gonzalo Lira Back in late August, I argued that hyperinflation would be triggered by a run on Treasury bonds. I described how such a run might happen, and argued that if Treasuries were no longer considered safe, then commodities would become the store of value. Such a run on commodities, I further argued, would inevitably lead to price increases and a rise in the Consumer Price Index, which would initially be interpreted by the Federal Reserve, the Federal government, as well as the commentariat, as a...