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Those "failing" liberal-run cities. Without them America would also fail:
It’s also interesting to note that roughly half of America’s GDP last year ($9.75 trillion) was produced in the country’s 22 largest metro areas: the 20 metros in the table above plus St. Louis and Portland (see second map above).....The top six largest US metro areas (NY, LA, Chicago, Dallas, DC, and San Francisco) last year produced $5 trillion of economic output (GDP), and those six metro areas combined as a separate country would have been the third-largest national economy in the world, ahead of No. 4 Japan’s $4.8 trillion GDP in 2017.....Chicago’s economy is America’s third-largest metro economy and in 2017 (GDP of $680 billion) was almost the same size ($680 billion in GDP) as Switzerland’s GDP of $679 billion. It would have ranked as the 20th largest national economy in the world last year.
Those "failing" liberal-run cities. Without them America would also fail:
Sure, big cities are where the brain power and money is concentrated. That's how it works but it could be better. Who wants to live or maintain a store downtown with so much crime and why suburbs are now is such high demand. But that's not all the high tech revolution and especially covid-19 proved that many high paying jobs can be far from the city. The company I used to work for eliminated at least half of their office space, when I used to work there I could do it from anywhere in the world. My son's company eliminated completely their office space, everybody works from home and home can be anywhere. My son-in-law and daughter left Silicon Valley and got their dream house for 10% of the price, and he still works there and making the same huge salary.
Things are changing now pretty fast.
But wait, the following is even more irritating. I have seen hundreds of thousands of Northerners moving to the south and now vote for Dems again, there were good reasons you came here so why do you want to make changes to imitate where you came from?
You say "Sure, big cities are where the brain power and money is concentrated." Yet you don't ask why they are where the brain power and money are concentrated. The brain power is concentrated in such cities because liberal politicians spent the tax dollars to create strong educational and cultural institutions, public transport, roads, and they welcomed immigrants hungry for success instead of spurned them. Many people leaving liberal cities like New York, San Francisco and LA prior to Covid did so because they could no longer afford the cost of living there as the cities became too successful economically and real estate prices are thus exorbitant. Dealing with those problems of income inequality in strong economically viable cities people like you call liberal failure. What would a red state agrarian America produce without its liberal cities--bibles and corn?
And where jobs are created in the last several weeks relatively? not in the high crime cities run by Dems and definitely not downtown Chicago, Portland and Seattle where they defunded the police. I "love" Libs, all my family are Libs and I tell them please stay in CA and NY, please don't come here.
@FD1000 Are you honestly so deluded as to think Seattle, the home of Amazon, Starbucks and Microsoft hasn't created any jobs locally or economic value both locally and nationally?
Where would your entire stock portfolio be without just those two tech companies this year or for that matter for the past decade?
Jobs created is reflected by decline in the number unemployed. To normalize comparisons, we look at changes in rates. It would hardly be fair to compare the absolute number of jobs created in a large metro area like Chicagoland with a "relatively" small area like the metro Miami area.
Given that the granularity of much data is monthly, we can look at what's happened over the latest two months available ("last several weeks"). For your viewing pleasure, the lines in the graph below are politically color-coded.
Unemployment in the Chicago area declined (improved) 9.8%, while unemployment around Miami, "relatively" budged, down 2.5%.
And where jobs are created in the last several weeks relatively? not in the high crime cities run by Dems and definitely not downtown Chicago, Portland and Seattle where they defunded the police. I "love" Libs, all my family are Libs and I tell them please stay in CA and NY, please don't come here.
Chicago, Portland and Seattle where they defunded the police
All I know is what I read in the "papers", like Fox News (headlines from August 18):
Chicago Mayor Lightfoot, DC Mayor Bowser, slammed for handling of protests, deliver message at DNC about policing Both mayors have refused calls to defund the police
And where jobs are created in the last several weeks relatively? not in the high crime cities run by Dems and definitely not downtown Chicago, Portland and Seattle where they defunded the police.
you better stick with bragging about your investing, not lie about things you don't understand which are easily checked
@ Old_Skeet - Why are you linking a known pro-Russian source? I for one detest Russian influence in our domestic affairs. Certainly, you can find some support for your opinions from pro-America websites?
“ ... Zero Hedge (has) expanded into non-financial analysis, such as conspiracy theories and fringe rhetoric that has been associated with the US radical right and a pro-Russian bias. Zero Hedge's non-financial commentary has led to a number of Site bans by various global social media platforms, although its 2019 Facebook ban and 2020 Twitter ban were later reversed.”
Hi @hank, I have followed Zero Hedge for many years. They cover stuff that our own news media outlets do not want the average citizen to read. Thus far, I have not found any untruths in what I have link in the Zero Hedge articles. I'm thinking they are as reliable as any news media outlet as they all want to spin to draw readers. Skeet
... there isn’t a wave of anarchy and violence other than that unleashed by Trump himself. But can voters be swayed by the president’s lurid fantasies? Actually, they might. For whatever reason, there’s a long history of disconnect between the realities of crime and public perceptions. As Pew has pointed out, between 1993 and 2018 violent crime in America plunged; murders in New York fell more than 80 percent. Yet over that period Americans consistently told pollsters that crime was rising.
It seems, to me, the major news outlets are very quick to comment on negative news about Trump and slow (if at all) to comment on negative news about Democrats. I could continue but for the liberal reading this you'll continue to miss my point. So, I and others are left to get news on events that our own news media chooses not to cover from Zero Hedge. This is only one of the reasons that Zero Hedge has many readers coming from the investment community, myself now being one of them.
It seems, to me, the major news outlets are very quick to comment on negative news about Trump and slow (if at all) to comment on negative news about Democrats. I could continue but for the liberal reading this you'll continue to miss my point. So, I and others are left to get news on events that our own news media chooses not to cover from Zero Hedge. This is only one of the reasons that Zero Hedge has many readers coming from the investment community.
Absolute truth. I respectfully suggest people spend an hour a day watching news shows they don't usually watch. I spend at least an hour a day watching MSNBC and CNN, and putting aside what I personally believe to be true the spin and coverage choices are alarming. MSNBC wholesale ignores the truth or the spin is so bad it ignores the real story...like ignoring the rioting completely for a time and then later introducing the subject by focusing on how Trump was impugning "peaceful protests" and even suggesting that the violence was being perpetrated by white supremacists. CNN is much better but they clearly introduce spin on straight news shows, like referring to a Trump "dog whistle." You can say what you will about FOX news but they pretty much cover what's going on in the world. I challenge anyone to find a significant news story that not's covered on FOX news, even when against Trump. I'm sure someone will link to some supposed media fact check site that says otherwise, but watch for yourself and decide.
Comments
When do bond buyers stop buying or demand huge increase in rates?
This is a classic junk credit.
But that's not all the high tech revolution and especially covid-19 proved that many high paying jobs can be far from the city. The company I used to work for eliminated at least half of their office space, when I used to work there I could do it from anywhere in the world. My son's company eliminated completely their office space, everybody works from home and home can be anywhere. My son-in-law and daughter left Silicon Valley and got their dream house for 10% of the price, and he still works there and making the same huge salary.
Things are changing now pretty fast.
But wait, the following is even more irritating. I have seen hundreds of thousands of Northerners moving to the south and now vote for Dems again, there were good reasons you came here so why do you want to make changes to imitate where you came from?
https://chicagobusiness.com/commercial-real-estate/market-peak-what-market-peak
You say "Sure, big cities are where the brain power and money is concentrated." Yet you don't ask why they are where the brain power and money are concentrated. The brain power is concentrated in such cities because liberal politicians spent the tax dollars to create strong educational and cultural institutions, public transport, roads, and they welcomed immigrants hungry for success instead of spurned them. Many people leaving liberal cities like New York, San Francisco and LA prior to Covid did so because they could no longer afford the cost of living there as the cities became too successful economically and real estate prices are thus exorbitant. Dealing with those problems of income inequality in strong economically viable cities people like you call liberal failure. What would a red state agrarian America produce without its liberal cities--bibles and corn?
https://twitter.com/kimKBaltimore/status/1295461903268040707
https://jamesaltucher.com/blog/nyc-is-dead-forever-heres-why/?fbclid=IwAR2Biizpj-huQaTWdNDuehdFkf74s1FQhwnqDd-mb26rELhfC3bJ67bkBvo
Where would your entire stock portfolio be without just those two tech companies this year or for that matter for the past decade?
Given that the granularity of much data is monthly, we can look at what's happened over the latest two months available ("last several weeks"). For your viewing pleasure, the lines in the graph below are politically color-coded.
Unemployment in the Chicago area declined (improved) 9.8%, while unemployment around Miami, "relatively" budged, down 2.5%.
All I know is what I read in the "papers", like Fox News (headlines from August 18):
Both mayors have refused calls to defund the police
https://www.foxnews.com/politics/lightfoot-bowser-slammed-handling-protests-dnc-policing-message
you better stick with bragging about your investing, not lie about things you don't understand which are easily checked
The article is titled "Two In Five New Yorkers Want To Leave The City."
https://www.zerohedge.com/political/two-five-new-yorkers-want-leave-city
“ ... Zero Hedge (has) expanded into non-financial analysis, such as conspiracy theories and fringe rhetoric that has been associated with the US radical right and a pro-Russian bias. Zero Hedge's non-financial commentary has led to a number of Site bans by various global social media platforms, although its 2019 Facebook ban and 2020 Twitter ban were later reversed.”
Wikipedia
But anyone who writes with a straight face
>> our own news media outlets do not want the average citizen to read
I mean, there's a reason ZH has its scoops ...
... there isn’t a wave of anarchy and violence other than that unleashed by Trump himself. But can voters be swayed by the president’s lurid fantasies?
Actually, they might. For whatever reason, there’s a long history of disconnect between the realities of crime and public perceptions. As Pew has pointed out, between 1993 and 2018 violent crime in America plunged; murders in New York fell more than 80 percent. Yet over that period Americans consistently told pollsters that crime was rising.
It seems, to me, the major news outlets are very quick to comment on negative news about Trump and slow (if at all) to comment on negative news about Democrats. I could continue but for the liberal reading this you'll continue to miss my point. So, I and others are left to get news on events that our own news media chooses not to cover from Zero Hedge. This is only one of the reasons that Zero Hedge has many readers coming from the investment community, myself now being one of them.