In 1960 journalist Hugh Sidey attempted to gauge JFK’s economic credentials. I don’t even know if that word does justice. We’re excited to announce that Collaborative is backing Bison Trails in its Series A financing, joining a great group of new investors including Blockchain Capital, A.Capital, Coinbase, Kleiner Perkins, and Sound Ventures. Spending among the highest quartile of Americans is down 5% year over year, while spending among the bottom quartile is up 2.5%. The trouble is that nobody has any money. It’s important, because when you’re exposed to people who are experiencing a different world than you are it becomes easy to ask, “Why don’t I have what they have?” on one end and, “Why don’t they have what I have?” on the other. Translator. Barack Obama writes in his recent memoir that when he wanted to do a $1 trillion stimulus his own chief of staff responded, “there’s no f**cking way.” It just seemed impossible. Today a phone offers infinite, nonstop competition for your dopamine. But $1 trillion is more, even adjusted for inflation, than the 2009 stimulus package that made people’s jaws hit the floor and helped spark the Tea Party movement. But a lot of the spending still stopped. About the only thing that I saw directly was when my father hired some extra gardeners just to give them a job so they could eat. You might give your senator a pass for doing nothing if you think nothing is possible. She never drove a car. A huge portion of consumers think that’s bogus because they’re in the worst shape they’ve been in, ever. When income is replaced with stimulus checks but spending doesn’t rebound, savings surges. Books, blogs, emails, reports, it doesn’t matter – if you don’t sell them in five seconds you’ve exhausted most of their patience. To some of you, it probably feels like you have been talking about visual collaboration forever. Put differently: A $500,000 mortgage now has the same monthly payment that a $300,000 mortgage would have with 2007’s interest rates, and what a $210,000 mortgage had at mid-1990s interest rates. People have always asked that question. Latest; Featured; What We're Reading; Announcements; Crypto; Bison Trails - Why We Invested Nov 19, 2019 by Stephen McKeon. We would like to show you a description here but the site won’t allow us. Partnerships. Writers of everything from emails to books have to accept that reality. But the most important economic stories don’t require forecasts; they’ve already happened. Most good writing is a byproduct of good reading. Typewolf. issai.org. Complexity and vagueness made the trends subtle and slow. Surprises make you feel like you’re not in control, which is when it feels best to grab the wheel with both hands, listening to those who tell you what happens next despite being blindsided by what just happened. He wrote: People are no longer worried about government spending. It’s a different world, and you ignore how much has changed at your own expense. Good ideas can’t be scheduled. Same with auto loans. A powerful trick is writing something people intuitively know but haven’t yet put into words. And once a new kind of stimulus money is tasted it becomes a permanent feature of how every subsequent downturn is handled. We need to get that money in Americans’ hands.”. Same thing works in the other direction. We’re now in our own generation’s Great Depression. She never married. Collaborative Fund Blogs, Comments and Archive News on Economictimes.com. They come randomly, usually after you read something that connects the dots to an unrelated thing. Linguee . Blog. In 1930, Treasury Secretary Andrew Mellon said, “Liquidate labor, liquidate stocks, liquidate real estate. We now have so much I’ve run out of adjectives. 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