Another Bear, Another Life

How will I know if I am wrong?

[Another Bear, Another Life @anonymousbrocap]

@PaulSkallas Are these all “after-tax” amounts? Thoughts on Nice?

[Another Bear, Another Life @anonymousbrocap]

@hanslorei Email!

[Another Bear, Another Life @anonymousbrocap]

@hanslorei Any advice to learn more about these types of design choices?

[Another Bear, Another Life @anonymousbrocap]

@rev_cap @jay_21_ I think Northeast has had so little supply added. I don’t even think you can see a construction boom in permits in CT even during the pandemic.

[Another Bear, Another Life @anonymousbrocap]

@ltmleverage What are you referencing here?

[Another Bear, Another Life @anonymousbrocap]

@winsteadscap Probably a great coach then though right?

[Another Bear, Another Life @anonymousbrocap]

@fallacyalarm I'm a little confused by your thought process here. With the recent increased immigration aren't we seeing productive age population growth relative 2010s? Your other tweet has the labor force growing younger.

https://t.co/KdpuTHltgU

Shouldn't this imply higher inflation?

[Rene Bruentrup @fallacyalarm]

It sounds bizarre, but it's true: The US workforce is getting younger by the day. And that may help alleviate labor shortage concerns.

The chart below shows the historical average age of the labor force since WWII and its predicted path until mid century based on UN projections.

The average age has been declining since about 2010 and will continue to do so into the early 2030s.

The reason for that is that most baby boomers are retired by now and the Generation X cohorts entering retirement from now on are smaller than Generation Z cohorts entering the workforce.

The younger working age people are on average, the more likely they participate in the labor market. Older people tend to drop out of the labor force in disruptive moments. If you lose your job at 30, you will look for a new one. If you lose it at 55, you might call it a day...eh...a career.

That why the orange chart above correlates so well with the average age of the labor force. It's the labor force 'unparticipation', i.e. how much of working age people are choosing not to be part of the labor force.

As I have mention often, economic growth is a function of productive age population growth. But it does not only matter whether people are at productive age. It also matters where they are within than age. This is rejuvenation is a positive economic driver.

[Another Bear, Another Life @anonymousbrocap]

@Cap1talCap1tal Doesn't credit usually shrink with tax refunds?

[Another Bear, Another Life @anonymousbrocap]

@BowTiedHRT @BigALonX Instantpot?

[Another Bear, Another Life @anonymousbrocap]

@hitsamty @ToddReisz Interesting to hear these takes. A lot of people seem to say that both Naples and Marseille are not great cities. I guess it just means will have to visit myself.

[Another Bear, Another Life @anonymousbrocap]

@hitsamty How big is this guys house in Marseille? I feel like this one of the - "have done a lot with little space" European examples.

[Another Bear, Another Life @anonymousbrocap]

@EstateBets1135 You meant: "If the street doesn't get the cuts* they've been jonesing for" - right?

[Another Bear, Another Life @anonymousbrocap]

@stevehouf @rev_cap At low enough prices relative to my NW, my demand for # of houses goes up significantly. I'll have an apt in NYC, an bungalow in Florida, a regular house in Greenwich. Since I bought these at low prices in 2020 on 30y fixed rate, the prices are still low for me.

[Another Bear, Another Life @anonymousbrocap]

@liensofnewyork I honestly like Charles tyrwhitt slim fit or extra slim fit, mostly because they fit me and are simple

[Another Bear, Another Life @anonymousbrocap]

@ADeermount This must be why I end up following random people I have connection with.

[Another Bear, Another Life @anonymousbrocap]

@BrigadierKetch lol fair enough.

[Another Bear, Another Life @anonymousbrocap]

@PerBylund @dandolfa @jesseposner @ebritt120 You can have a group of people on an island without gold or any money, and they can have a flourishing society.

[Another Bear, Another Life @anonymousbrocap]

@PerBylund @dandolfa @jesseposner @ebritt120 I think the point of MMT is that money is not a "resource" so it's not constraining. Rather - it is a way to track the exchange of favors between people in society. Kelton's use of gold in her example is unfortunate. Gold was also not a real constraint either.

[Another Bear, Another Life @anonymousbrocap]

@hollowearthterf tbh the rock beaches are worse. But if it keeps more americans (like me) away, then it's less crowded. Which is worth something...