Yes, you can become a multi-millionaire working a dead-end minimum wage job as a janitor. (stock market, investment)

[freemkt]

Originally Posted by ContrarianEcon

Demand, if you can't borrow money then there is no demand, if you can't earn money then there is no demand. Short of begging.

If it is easy to borrow money then there is a lot of demand. If wages go up then there is more demand.

Inelastic demand describes inflation it doesn't cause it.

U.S. National Debt Clock : Real Time

Personal debt is about at 100% of GDP. There isn't a lot of upside room for more consumer demand.

Supply side. If you have a contraction in supply of oil then the prices go up. Then the price of everything that need oil goes up too. This will get you stagflation.

There is a native American language that has 15 words for different kinds of snow. But they can't just say it is snowing.

There are lots of different kinds of inflation and deflation. Inflation driven by more demand because of higher wages is what we need now.

That's when people march and "demand" they be given things.

[SportyandMisty]

Originally Posted by freemkt

What in the Journal is actionable for someone with no money and no marketable job skills?

Originally Posted by Lowexpectations

Maybe a want ad for someone with a violin who can continually play their sad song over and over again

Or for someone who continually lies about their fictional poverty and lack of job skills

[ncole1]

Originally Posted by SOON2BNSURPRISE

Im still trying to figure out how you can join the middle class on $48,603 a year in Oxnard Ca.

You can't, unless you don't have a family at all and are willing to spend 25 years saving for your house.

[SportyandMisty]

Originally Posted by freemkt

Sigh, the mean is not the 50th percentile, not the median.

Double sigh, in the normal distribution the mean=median.

[freemkt]

Originally Posted by SportyandMisty

What use is reading C-D if it is not actionable?

Is it true that about half the people in the world are below average in intelligence?

Ah, but reading C-D is entertainable, and posting on C-D is ventable.

Half the people in the world are below the median in intelligence.

[freemkt]

Originally Posted by SportyandMisty

Or for someone who continually lies about their fictional poverty and lack of job skills

??? What do you estimate (ballpark) my net worth to be? Do I own a home? A car? Stocks/bonds/financial paper? What job skills do you think I have, or what do you think I actually do for a living?

[ContrarianEcon]

Originally Posted by SportyandMisty

What use is reading C-D if it is not actionable?

Is it true that about half the people in the world are below average in intelligence?

And only 1% are in the top 1%.

[ContrarianEcon]

Originally Posted by Opin_Yunated

Yes, it does cause it.

If there is no demand for needs, there is no inflation. Hell, there is no markets. If demand falls persistently, you get deflation.

No new loans = no increase in demand.

Normally debt creation drives inflation.

We are not in a place to take on more debt. So we have no inflation. This will persist until the debt comes down or wages come up. Without inflation wages are dropping.

Except on the top end. There you have income from the asset appreciation in the stock market. Bubble. watch it pop.

[SportyandMisty]

Originally Posted by mysticaltyger

... Santa Clara County has highest median household income in nation, but wealth gap widens - San Jose Mercury News

Because, of course...

"Everything the Leftist Mercury News publishes is true." -- Abraham Lincoln

[ncole1]

Originally Posted by SportyandMisty

Double sigh, in the normal distribution the mean=median.

Triple sigh, investment performance is not Gaussian distributed.