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Mid-Year Forecast @F-L-O-W


Mid-Year Forecast @F-L-O-W

Real Incomes Trend

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What is happening is that job growth is now producing lower Real
Income. This is a sign of a maturing economy or paradigm (if you like).

A new innovative and entrepreneurial age needs to re-ignite risk-taking
and innovation in order for the stimulus to be anything more than a
low-income job creator… destined to pull the rug out from under money
and credit systems that depend on increasing discretionary spending, to
buoy past commitments of future income and additional purchases.

Just paying down debt from commitments made previously on future income
is NOT enough to produce growth of any sustaining force. Therefore, the
system of growth is in danger.

@F-L-O-W, we are focused on two things:

1) realizing growth has limits…

2) nurturing the collapse wave occurring by moving wants to needs,
improving happiness in the process; and off-setting the large
overriding decline of income for the developed world’s masses.

Right now, 60% of the youth in Greece are unemployed.

We are nearing tipping points for sparking large! social disruptions
because of the lack of jobs.

In the COMING JOBS WAR by Gallup Chairman Clifton, he states that we
lack 3 billion jobs, and rising. Continuing to see REAL INCOME erode
does not bode well for investment, future consumption, or growth… a
word to the wise!

Join Mike R. Jay for a mid-year update of his 2013-14 forecast July 5,
and peek into the data in his world and a brief synopsis of global wind
direction.

 

Now, here’s the excerpt from the recent BEA Update:

Summary

At best this new release reports an economy with lackluster
growth, created at great expense by a combination of
unprecedented fiscal and monetary stimulus that have
obviously progressed well past the point of diminishing
returns. To be fair, many other national governments would be
thrilled to be reporting a 1.78% annualized growth rate. But
that observation in itself (without mentioning the plunging
export numbers) also reflects global economic headwinds that
do not bode well for sustaining even lackluster numbers over
the balance of the year.

And we continue to note the one truly serious domestic issue
within the data:

— Real per capita disposable incomes took yet another hit.
The astonishing annualized contraction of real per capita
disposable income has now reached -9.21%

— dwarfing the -7.52% contraction rate recorded in the first
quarter of 2009 (the worst quarterly contraction recorded
during the official duration of the "Great Recession").

From time to time we may quarrel with the quality of the
BEA’s deflators. And frankly, we may even find that at face
value the lackluster numbers amount to nothing more than a
sham "recovery."

The most shocking part of this report is glaringly obvious
from the real per capita disposable income numbers: all of
the unprecedented fiscal and monetary stimulus has left
American households materially worse off than they were two
years ago.

And sadly we wonder whether anyone in Washington either
notices or really cares.

To learn more about Living At FLOW, visit
http://LivingAtFLOW.com
and join our class in September to begin living more @F-L-OW
where success and happiness become one.

 

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