Economy and Depitalism

In today’s WSJ there is an article titled As Middle Class Shrinks, P&G Aims High and Low. WSJ is now a subscriber access only to full articles so I can’t provide a link to the article because I read it on our internal news site. I can share what I found to be particularly insightful about our economy that is not usually so plainly and clearly stated. The following is direct quotes from the article.

In the wake of the worst recession in 50 years, there’s little doubt that the American middle class — the 40% of households with annual incomes between $50,000 and $140,000 a year — is in distress. Even before the recession, incomes of American middle-class families weren’t keeping up with inflation, especially with the rising costs of what are considered the essential ingredients of middle-class life — college education, health care and housing. In 2009, the income of the median family, the one smack in the middle of the middle, was lower, adjusted for inflation, than in 1998, the Census Bureau says.
The slumping stock market and collapse in housing prices have also hit middle-class Americans. At the end of March,
Americans had $6.1 trillion in equity in their houses — the value of the house minus mortgages — half the 2006 level, according to the Federal Reserve. Economist Edward Wolff of New York University estimates that the net worth — household assets minus debts — of the middle fifth of American households grew by 2.4% a year between 2001 and 2007 and plunged by 26.2% in the following two years.

To monitor the evolving American consumer market, P&G executives study the Gini index, a widely accepted measure of income inequality that ranges from zero, when everyone earns the same amount, to one, when all income goes to only one person. In 2009, the most recent calculation available, the Gini coefficient totaled 0.468, a 20% rise in income disparity over the past 40 years, according to the U.S. Census Bureau. “We now have a Gini index similar to the Philippines and Mexico — you’d never have imagined that,” says Phyllis Jackson, P&G’s vice president of consumer market knowledge for North America. “I don’t think we’ve typically thought about America as a country with big income gaps to this extent.”

“This has been the most humbling aspect of our jobs,” says Ms. Jackson. “The numbers of Middle America have been shrinking because people have been getting hurt so badly economically that they’ve been falling into lower income.”

2 cents:
This information confirms what I have been saying, we never got out of the recession and it is pointing to the reality that depitalism of the past is gone – at least for the foreseeable future. I put the qualifying remark on there because we all know that typically we learn nothing from history so we often repeat the same mistakes etc. That “said” the average citizen in our country has been impacted significantly by the practice of depitalism and its inevitable fracture. We will continue to see high unemployment numbers and little if any economic growth. This is the new reality – the new norm. Households have to identify and come to terms with this and make the necessary changes so that they can begin thriving – not in a # of purchases way but a well-being way.

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icubud

Glory to God in the highest, THEN - peace on earth and goodwill to men (Luke 2:14). So peace on earth and goodwill to the human race can not occur until their is first - Glory to God in the highest. This will never be accomplished nor desired by the UN or the USA governments. Hence the Second Advent. Moment by moment I want to grow correctly in the grace, knowledge, wisdom and understanding of ALMIGHTY GOD. Spiritually I consider myself a saved Bible believer but so as to hopefully avoid some of the stigma that is heavily steeped on anyone who does not designate a denomination, I must consider myself an independent saved Bible believing Baptist. But Baptist denominations are highly polluted with leaven and such. I am a Christian in the true definition of the word which is given in Acts 11:26. Roman Catholicism and Orthodox Catholicism are NOT Christian. R.C. has been a great and successful tool in 1) making people not want to be a Christian and 2) making the majority of its believers/followers/members die and go to hell. I have great concern for everyone's present, temporal state of things and the future, eternal state of things. Politically I consider myself an independent, that unfortunately due to the limited choices, usually votes Republican. I am praying for legitimate third and fourth parties to gain traction in our society so that they will provide some better candidates. I am hoping for a bloodless American Spring. I believe one of the greatest detriments to our society here in the USA is the MSM (mainstream media), the judicial system and Congress. MAGA!! WWG1WGA #45 #17 Our country needs to make term limits for those who hold a seat in Congress. The individual can not serve more than 8 years in their lifetime in any capacity of Congress. And yes I voted for Trump both times and will do so again. Some people I admire: The Lord Jesus Christ (wholly God and wholly man), all those who gave their lives as recorded in the Foxe's Book of Martyrs and those since then that have been executed because they would not deny their saving faith in the Lord Jesus Christ, William Tyndale, John Wycliffe, Matthew Rogers, Gipsy Smith, DL Moody, Clarence Larkin, Ronald Reagan, John Knox, Martin Luther, Apostle Paul, the 12 disciples/apostles listed in Acts 1, Samuel the prophet, William Evans, Ph.D., D.D., Litt. D, Edward F. Hills A.B. - Yale, Th.M. - Columbia, Th.D. - Harvard; JTC, Archbishop James Ussher, John Frith, Erasmus, Alexander Hislop, Avro Manhattan, Dean Burgon, 161 1 KJV Bible Translators, Susanna Wesley, Susannah Thompson Spurgeon, PSR & Gail Riplinger. Some "things" that I like: Conscientiousness, well-marked books, kindness, romance, appreciation, morals, empathy, big hugs, nuzzling, eyes, long hair, gray/silver hair, beauty, modesty, when a women is a "lady", good coffee, windy days or nights, the sound of rain, cold weather, spring, autumn (except all the leaves to rake), roaring fire in the fireplace or pit, a good meal, gestures from a loving or friendly heart, the oceans/large lakes, music, coffee houses/cafes, books!, grand libraries, well used bookshelves, peace, white fluffy clouds in a blue sky, birds nesting, bunnies!, chipmunks!, wildlife when its not predatory, learning, smell of bread or pizza baking, the smell of coffee, the Basque, collection of information/data/inputs of various kinds, snow, gratitude, connecting the dots in life, old people still in love and are best friends, a good mystery, good film/tv/etc., internet, clocks and watches, trains/railroad, symbols, history of many types, good conversation/discussion, my music collection, studying the Bible, a well-marked Bible, crunchy snacks, handwritten correspondence & journals/notes, preparing meals for people who will appreciate it, beautiful gardens, blueprints, maps, REAL friends, boat rides, good Bible preaching/teaching, the mountains, the wilderness, hiking, teamwork, correspondence, wisdom, simplicity in the right places & quiet. Some "things" I loathe: The Alexandrian Cult and its supporters, FAKES, bullying, making fun of people, grief, taking advantage of people, neglect, disregard of others, raunchiness, hate, bossy people, brutality, war, fighting, cursing, degradation of society, evil, wickedness, narcissism, liars, abuse of any kind, loss of innocence, smell of burnt popcorn, nosy people, death, fake friends, disingenuous, being forgotten, not being valued, loss, broken heart, deceit, disrespect, manipulators, arrogance, loud people, troublemakers, self-entitlement, non-stop talkers who are completely self-absorbed and make everything in someway related to themselves,

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