Higgenbotham's Dark Age Hovel

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Expand view Topic review: Higgenbotham's Dark Age Hovel

Re: Higgenbotham's Dark Age Hovel

by Guest » Thu May 09, 2024 2:23 am

Record Wave of Americans Fled Big Cities for Small Ones in 2023


As usual, the mainstream media refuses to tell the truth. The western media are nothing but cowards and traitors.

People are heading for the hills because they know that the illegal migrants and other ethnic minorities have already made American cities unlivable.
(Bloomberg) -- Score a victory for Mayberry. America’s small towns, like the iconic setting of television’s The Andy Griffith Show from the 1960s, saw more in-migration in 2023 than larger areas for the first time in decades.

The remote work boom that prompted Americans to flee urban areas for mountain hamlets and seaside towns during the pandemic continued at least through last year, according to University of Virginia demographer Hamilton Lombard. An estimated 291,400 people last year migrated from other areas into America’s small towns and rural areas, which Lombard defines as metropolitan areas with 250,000 people or fewer.

That number exceeded net migration into larger areas for the first time since at least the 1970s, estimated Lombard, who works with the university’s Demographics Research Group.

Areas with 250,000 to 1 million people saw a net in-migration of 266,448 people last year, while areas with 1 million to 4 million people recorded only a modest gain. Areas with more than 4 million people were the big losers, shedding almost 600,000 people last year, according to Lombard’s research using US Census Bureau data.


“With a third of workdays being done remotely in 2023, Americans have more geographic flexibility and have been increasingly willing to move far from large population centers if their destination offers a good quality of life,” Lombard wrote.

The study focuses only on in-country migration, and does not include immigration from outside the US.

Starbucks Responds
The influx of people is already changing the Mayberry-esque nature of the US’ small towns. In southern Virginia, tiny Martinsville, once dubbed the world’s “Sweatshirt Capital” for its textile industry, has seen some of the state’s strongest wage growth. Its domestic migration rate ranked second in Virginia last year.

Starbucks noticed the growth and in 2021 opened its first coffee shop in Martinsville, Lombard noted in his report. Since then the ubiquitous chain has spread across other southern Virginia towns, he said.


To be sure, the continued growth of small towns depends, in part, on the work-from-home trend continuing, Lombard said. He pointed to research on remote work from Stanford University, which estimated that about 28% of paid days in the US as of March were work-from-home days. That’s down from the pandemic period, but far higher than before Covid.

“If remote work sticks around, it seems like this trend will stick around,” Lombard said.

Re: Higgenbotham's Dark Age Hovel

by Higgenbotham » Wed May 08, 2024 10:37 pm

Warren Buffett is now 'as bearish as he ever gets,' says Bill Smead

Bill Smead, chief investment officer at Smead Capital Management, joins CNBC's 'The Exchange' to share his reactions to Berkshire Hathaway's annual meeting over the weekend.

MON, MAY 6 20241:29 PM EDT
https://www.cnbc.com/video/2024/05/06/w ... smead.html?

Re: Higgenbotham's Dark Age Hovel

by aeden » Tue May 07, 2024 9:31 pm

https://youtu.be/DxRwDDLV1jI?t=16

He survived we are getting him here as written.
Total carnage.
Network of the People indicate over 60 in treatment at hospital.

Re: Higgenbotham's Dark Age Hovel

by Guest » Tue May 07, 2024 1:58 pm

Guest wrote:
Tue May 07, 2024 10:36 am
It's hard to believe that Ronald Reagan nominated Greenspan to be the Federal Reserve Chairman.
I agree. We blew our chance.

Re: Higgenbotham's Dark Age Hovel

by Guest » Tue May 07, 2024 1:58 pm

Guest wrote:
Tue May 07, 2024 9:18 am
Guest wrote:
Tue May 07, 2024 1:31 am
Higgenbotham wrote:
Mon May 06, 2024 4:40 pm
During the Greenspan era, it was thought by some that blowing a generational bubble was OK because it would give the new technologies time to be commercialized and there would be some long term benefit to getting the internet companies established, then popping the bubble to revert everything back to the mean while the strongest internet companies survived and the US took the lead. In the early 2000s that thinking seemed to change and the US lost its way is my version of what happened. But before I go any further I will try to dig up some evidence for the first sentence.
The reality is that Greenspan really didn't know what he was doing.

He lost his way when he abandoned the gold standard.
Roosevelt took the US off the gold standard in 1933.

https://www.history.com/this-day-in-his ... d-standard
I was talking about Greenspan's support for reinstating the gold standard as he wrote about in 1981. He talked about issuing special gold backed US dollars to begin with.

Then he stopped talking about it in 1982.

Re: Higgenbotham's Dark Age Hovel

by Higgenbotham » Tue May 07, 2024 11:50 am

Higgenbotham wrote:
Mon May 06, 2024 4:40 pm
During the Greenspan era, it was thought by some that blowing a generational bubble was OK because it would give the new technologies time to be commercialized and there would be some long term benefit to getting the internet companies established, then popping the bubble to revert everything back to the mean while the strongest internet companies survived and the US took the lead. In the early 2000s that thinking seemed to change and the US lost its way is my version of what happened. But before I go any further I will try to dig up some evidence for the first sentence.
Here's a recent article that's of the opinion that the Internet bubble and Greenspan's role in it is justified even today. This same logic was very common in the late 1990s.
A Reflection on The Dot Com Bubble

David Bice
Economist
Published Jun 1, 2023
Bubbles are bad, we can all agree on that. But what if, at least, some bubbles have a beneficial role to play in an economy? What if they serve as a driving force for innovation and rapid adoption of new technologies? What if halting the bubble would reduce the potential benefits rather than protect the economy? The recent Dot Com Bubble was just such a beneficial event, and the current AI tech mania may be an extension of it. The Dot Com Bubble, in addition to minting millionaires and billionaires, unleashed a creative explosion that still reverberates today. The dream of massive riches was the driving force behind the bubble, and still is, but the widespread improvement in many areas of the economy is the true benefit to the country.

This benefit also answers the question of whether this was a rational or irrational response by investors. Despite the seeming irrationality of the Dot Com market, it was clearly a rational response to the creation of very lucrative future opportunities. Investors could see the potential for massive returns in the online markets, what they could not see was how it would be made and by which companies. The array of technology offerings and the multitude of firms presented a seemingly impossible task to choose the right opportunities. Investors, however, solved the problem by choosing one of two approaches – buy them all or only buy the winners.

There has been debate between the efficient market adherents and the behavioralist wing in economics as to whether this was a rational or irrational event, and indeed even if it were a bubble at all. There are some asset price bubbles which appear to be irrational in nature, but are in fact consistent with a rational, efficient market. These bubbles tend to be created by revolutionary technologies that will sweep away the old established order and usher in a new era.

U.S. Federal Reserve Chairman Alan Greenspan has defended the Fed’s actions concerning the Nasdaq stocks, largely on the basis that to fight the bubble would have required the Fed to send the economy into a major recession. The benefits, if any, of pricking the bubble did not appear to outweigh the costs involved and thus no action was taken. An examination of the situation shows both Greenspan and the efficient marketers to be correct, although a fuller explanation is required.
https://www.linkedin.com/pulse/reflecti ... david-bice

Re: Higgenbotham's Dark Age Hovel

by Guest » Tue May 07, 2024 10:36 am

It's hard to believe that Ronald Reagan nominated Greenspan to be the Federal Reserve Chairman.

Re: Higgenbotham's Dark Age Hovel

by Guest » Tue May 07, 2024 9:18 am

Guest wrote:
Tue May 07, 2024 1:31 am
Higgenbotham wrote:
Mon May 06, 2024 4:40 pm
During the Greenspan era, it was thought by some that blowing a generational bubble was OK because it would give the new technologies time to be commercialized and there would be some long term benefit to getting the internet companies established, then popping the bubble to revert everything back to the mean while the strongest internet companies survived and the US took the lead. In the early 2000s that thinking seemed to change and the US lost its way is my version of what happened. But before I go any further I will try to dig up some evidence for the first sentence.
The reality is that Greenspan really didn't know what he was doing.

He lost his way when he abandoned the gold standard.
Roosevelt took the US off the gold standard in 1933.

https://www.history.com/this-day-in-his ... d-standard

Re: Higgenbotham's Dark Age Hovel

by aeden » Tue May 07, 2024 8:26 am

She had to retire as the mental patients damned well have beat her more than once.
Her knee was blown out and was forced to retire damn near crippled.
These damned fools have no clue what is coming from these drug addled ssri animals growing like a petri dish of the demonic damned.
Ruled by fools ignored by useful idiots as the cheerful idiot taxpayers just end up homeless.
The effort underway for the remaining sane community is a respite area for Parents barely hanging on with issues we deal with
since these liberals would drown in as a rainstorm looking up.

Marxism the road to Hell.
Moleks you worship in the sprint to eternal separation from your Creator.

Re: Higgenbotham's Dark Age Hovel

by Guest » Tue May 07, 2024 1:31 am

Higgenbotham wrote:
Mon May 06, 2024 4:40 pm
During the Greenspan era, it was thought by some that blowing a generational bubble was OK because it would give the new technologies time to be commercialized and there would be some long term benefit to getting the internet companies established, then popping the bubble to revert everything back to the mean while the strongest internet companies survived and the US took the lead. In the early 2000s that thinking seemed to change and the US lost its way is my version of what happened. But before I go any further I will try to dig up some evidence for the first sentence.
The reality is that Greenspan really didn't know what he was doing.

He lost his way when he abandoned the gold standard.

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