The Glade 4.0

15% of U.S. mortgages are currently in foreclosure.

27% of U.S. mortgages have negative equity.

Housing prices have reached 40 year lows when adjusted to 1958 dollars.

Housing prices continue to decline. Mainstream economists have started throwing around the "D-word" with regard to the house market, although it's following a fairly predictable pattern and isn't going to normalize any time soon.

By the end of the year, some of the outlying estimates have 60% of mortgages reaching the negative equity point. I'm more inclined to put that number in the 40% range, because it's going to take at least a decade for the housing market to actually bottom out, if it does.

There's a little over 600,000 acres of unfinished or abandoned residential development according to some conservative estimates; some of these developments have been idle since the Stagflation Recession of the 1970s.

Employment gains are nominal, most likely even fabricated because the current Department of Labor shifts goalposts faster than they put out reports. The safe estimate on discouraged workers (that is people who have stopped looking for work or who will never be employable again) is 16-18 million Americas between 18 and 50.

Real inflation is by all accounts in the double digits as food prices and energy costs continue to rise almost solely because of government imposed shifts in the pricing curves. In fact, the so-called volatile markets have been pushed so far away from their natural supply/demand relationships that it probably doesn't even make sense to study them anymore: they are not natural markets.

And, yet, we have people screaming up and down that people are Doom Sayers and Naysayers ...

But, I'll just repeat what I've been saying for the last six months.

1. The United States government has a vested interest in lying to you about the economy.

2. Agents of the United States government have a vested interest in lying to you about the economy.

3. The market manipulations, intrusions, and other financial fiascoes of the U.S. Government during the last part of the Bush Administration and all of the Obama Administration would be criminal if performed by any private citizen.

Khross, what effect, if any, do you think it would have if a massive protest against the Fed and our monetary policy were to take place by having everyone burn $1? It would be symbolic of course and you'd never get everyone to do it but if the money pool shrank by ~$350M would policymakers respond?

Source? Why? You don't read them anyway.

Facism is not a school of thought, it is a racial slur.

Facism is not a school of thought, it is a racial slur.

Doesn't the crash of real estate prices balance out the rising food/energy prices to result in the low levels of inflation that are reported?

Facism is not a school of thought, it is a racial slur.

It doesn't make sense to me that there's a secret depression and every mainstream number is a massive conspiracy to hide the depression. I looked at some numbers and it looks slightly bad, but nothing comparable to the Great Depression.

Facism is not a school of thought, it is a racial slur.

You know, I've said this before, but I'll say it again ...

Every time I write a monolithic post with adequate sourcing, none of you read the links or go through the citations. In fact, said posts generally some two word quip from a press secretary or the Associated Press that says the very thing I spent 10,000 words, 30 citations, and a whole lot of experience disproving while you guys gloat or say, "Well, that can't be right because some suit said so."

Or, to quote Captain Funk of the Obvious Awesome Stars ...

If you're going to blame your laziness on other posters, you should at least provide justification. If "every time" you write a referenced post, people ignore it, you should be able to link some examples.

Facism is not a school of thought, it is a racial slur.

Every time I write a monolithic post with adequate sourcing, none of you read the links or go through the citations. In fact, said posts generally some two word quip from a press secretary or the Associated Press that says the very thing I spent 10,000 words, 30 citations, and a whole lot of experience disproving while you guys gloat or say, "Well, that can't be right because some suit said so."

http://www.gladerebooted.org/viewtopic.php?p=75959#p75959

And just in case you miss the important part ...

Click HERE

<snip of a bunch of stuff I agree with>

But, I'll just repeat what I've been saying for the last six months.

1. The United States government has a vested interest in lying to you about the economy.

2. Agents of the United States government have a vested interest in lying to you about the economy.

3. The market manipulations, intrusions, and other financial fiascoes of the U.S. Government during the last part of the Bush Administration and all of the Obama Administration would be criminal if performed by any private citizen.

4. We're in a depression, and it's not getting better any time soon.

And, yet, we have people screaming up and down that people are Doom Sayers and Naysayers ...

It doesn't make sense to me that there's a secret depression and every mainstream number is a massive conspiracy to hide the depression. I looked at some numbers and it looks slightly bad, but nothing comparable to the Great Depression.

Facism is not a school of thought, it is a racial slur.

It's not a conspiracy theory to call such things a lie, Lex.

How many people are employed in the United States?

What's the total population between 18 and 63?

Facism is not a school of thought, it is a racial slur.

Employment consists of all persons who, during the reference week (the calendar week including the twelfth day of the month), (a) did any work at all (at least 1 hour) as paid employees, worked in their own business or profession or on their own farm, or worked 15 hours or more as unpaid workers in an enterprise operated by a member of the family, or (b) were not working but had jobs or businesses from which they were temporarily absent because of vacation, illness, bad weather, childcare problems, maternity or paternity leave, labor-management dispute, job training, or other family or personal reasons, whether or not they were paid for the time off or were seeking other jobs.

The civilian noninstitutional population consists of persons 16 years of age and older residing in the 50 States and the District of Columbia who are not inmates of institutions (for example, penal and mental facilities and homes for the aged) and who are not on active duty in the Armed Forces.

Facism is not a school of thought, it is a racial slur.

The graph's a little more accurate, but it doesn't tell the whole story; which is kind of the problem with participation rate calculations and the institutional non-farm workforce calculations in the United States.

Any idea what caused the dramatic rise over the 20 years between 1970 and 1990, Taskiss?

It was a service sector job increase due to a shift away from manufacturing, and at the same time there was a huge change in the distribution of income.

Facism is not a school of thought, it is a racial slur.