Competition in other places …

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FT
One million US consumers behind on car loan payments
Delinquency rate reaches highest level since 2009

The reason behind most car purchases is `pride`.
Letting the fucking-people fall through the door –

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The EU is going to miss the UK contributions –

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Philly-Fed-Index says the US is going gangbusters –

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It looks like UK immigration had peaked anyway –

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Globalization is over … not even heads are moving now –

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We is all winners now~!

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The Italian Dukes (and the English) got the `losers` to pay-off their debts.

The modern idea, is that Globalization makes everyone winners (so they can pay-off their own debts).

I’m not convinced on that one.

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Households are so unimportant in the money-go-round game.

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Americans have got their house-prices back, but have not gone back to pre-spending the `profits`.

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JRT are famous for statements like this, but that don’t make’em all wrong.

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Ha~?!

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ThinkProgress
It’s not just Oroville: Most dams across the country have passed their designated lifespan
“By 2020, 70 percent of the total dams in the United States will be over 50 years old.”

Sheeeeit, we don’t do dem `far horizon` projects no more~!

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Mano-a-mano (y womano).

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A few generations back, society was predictably rigid.

Now, it is not nearly so predictable, or rigid.

Modern society is now like shifting-sand, made from the big old rocks of the past.

What that means is, that the effects of small efforts can appear to show up in years, rather than decades (or even generations, as in the old-days).

Modern life has become a much more direct interactive game.

First it was Italian Dukes that used it …

on to England using it to `rule the world` …

now individuals use `credit` in micro-arms-races, neighbour against neighbour.

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The amount of individual shares sold (to individuals), multiplied by the price these individuals will sell them between themselves.
So what~?

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US nuclear is dead.

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Quartz
Every successful relationship is successful for the same exact reasons

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Human needs

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Banks do `supply the money-supply` … but, they do it `on demand`.

Banks cannot `insist` the money-supply `out there` … it has to be `demanded`.

People, individually, must walk into banks … and do-their-bit to demand-up the money-supply.

I feel that it is something-like-this that is, that is leading the Big Problem prices upwards.

Basic-human-needs.

Basic-human-needs is the weight that is pushing the prices up.

The need to `get on` (education).
The need to `survive` (health-care)
The need to `be-better-than-the-next-man` (now `house location` (where it used to be job position)).

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Sooth-Ifrica

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Germans struggling to get-ahead with their savings (Real-Interest-Rate)…(so the property market is hotting-up)

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The bars going upwards, are percentage of households that don’t pay tax (right-hand-scale).
The black-blobs are the amount (in Euro) per year at which you start to pay tax (left-hand scale).

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The Problem …

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Restated (The Problem) –
Absurd increases in the prices of education, health-care, housing (and infrastructure).

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What I am `seeing` … is a river wearing away certain parts of a river-bank.

That is – It is `the water` (actions of the fucking people) making this happen.

There may be `blockages` that rather force the fucking water into certain areas, but it is certainly the water that is doing the damage.

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FT (Munchau)
A failure to tell the truth imperils Greece and Europe
If the IMF pulls out, Europe will be free to mismanage the crisis on its own

From comments –

A good article.  Agree no heroes here.  But the Greek population is the victim, and they continue to suffer.  If they had broken loose from the euro and defaulted when the crisis first happened, they would have had a few really bad years but would now have been much better off – assuming only moderately competent measures with the assistance of the IMF – keeping the eu and its German masters far away.  But it is interesting here as elsewhere how the hegemon loves its power, but is not willing to pay the costs that hegemons at times will have to pay (the UK with the Empire, the US with the Pax Americana, even the Soviets with their East European satelites).  Power without responsibility – the privilege of the harlots through the ages.

1/3 of state spending by the 50 states in the US is supplied by the Federal government. For better or worse we are just 1 nation, someone should stress upon Germany that if they want the EU to succeed they are going to stop acting as if the interest of Germany is all that matters. Greece and it’s people have been burning the furniture to heat the house. Wealth has been used up and the debt overhang impedes any needed investment.

In times past, the Greeks would be given an ‘extension’ to comply with its commitments to further cost cutting and tax raising measures. This period would be enough for the spate of elections to be wound up and the new governments put in place. This time, it could be different, Trump might instruct the US member on the board to play hardball and get the Europeans to either give way or do without the participation of the IMF. In this case, Trump would be right to stiffen the backbone of the IMF to take no more nonsense from the EZ. 

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You see … The Greeks were not real bad.
Circumstance presented them with some open doors … and they went in and played-around some.
No … as-it-turns-out … they shouldn’t have done what they done … but they did, because they is fucking people … you know~!?

Something like this is going on in The Problem.

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Marine Le Pen is not likely to get elected President in France … but
but … there is a problem here …

Brexit and Trump can be blamed on `silly old people` …
but … it is different in France …
and … if they have any sense, they would see the problem.

On this chart, I have put a yellow blob (top left) on the Le Pen line.
If you read-down, you will see that the line is highest at this point …
… This point is the youngest demographic … and that’s the point~!

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