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1
« Último mensaje por Derby en Hoy a las 21:09:23 »
https://abcnews.go.com/Business/home-prices-soaring-bubble/story?id=110101842Home prices are soaring. Is this another bubble?
"It's a strange market that seems like an anomaly," one expert said.
Roughly 15 years after a housing bubble triggered the worst U.S. financial disaster since the Great Depression, some observers are voicing concern that the industry has fallen into another bubble.
Home prices are soaring, despite high mortgage rates that in theory should crimp demand and push down prices.
The share of U.S. homeowners under serious financial strain, meanwhile, jumped slightly at the outset of this year when compared with the final months of 2023, real estate data-firm ATTOM found in a report this week.
Despite these trends, experts who spoke with ABC News largely rejected fears of a housing bubble.
The frothy prices and the strain they place on prospective homebuyers are a cause for concern, they said, but the price hikes owe to an old-fashioned imbalance between supply and demand rather than the frenzied speculation characteristic of a bubble.
"The price increases have been quite remarkable but there aren't abnormal factors driving them," Lawrence Yun, chief economist at the National Association of Realtors, told ABC News. "It's simply supply and demand -- the normal reason."
Two years ago, the Federal Reserve began an aggressive series of interest rate hikes in an effort to rein in inflation. Typically, such a policy would send mortgage rates higher and drive home prices downward as homebuyers wither under steep borrowing costs. In this case, the mortgage rates soared but prices skyrocketed alongside them.
For nine consecutive months, year-over-year existing-home prices have climbed, according to data released by the National Association of Realtors in March. Going back further, the median price of an existing home has jumped nearly 40% over the past four years, NAR data shows.
"It's a strange market that seems like an anomaly," Marc Norman, associate dean at the New York University School of Professional Studies and Schack Institute of Real Estate, told ABC News. "I can certainly see people wondering if it's a bubble."
The hot prices, however, stem from a straightforward instance of too much money chasing too few homes, experts told ABC News.
During the Covid-19 pandemic, homebuilding slowed when shortages of materials and workers made input costs more expensive, Norman said. Right as the supply blockages began to fade, the Fed raised interest rates, making it more expensive for developers to borrow the money required to launch projects.
The cooldown of housing construction has contributed to a dearth of homes. Housing supply stands 3.2 million homes short of the amount needed to meet demand, real estate and investment firm Hines said in a report last month.
"We haven't built enough houses in this country and there's still a lot of demand," Christopher Mayer, a real estate professor at the Columbia University Business School, told ABC News. "The interest rates have made it more expensive to build and homes have gotten more costly."
The current housing shortage contrasts sharply with the housing bubble that led to the Great Recession, experts said.
Back then, a sharp rise in prices drove a surge of homebuilding, which fueled an oversupply of housing. The abundance of homes, in turn, drove buyers to scoop up a property -- or multiple properties -- as appreciating assets rather than places to live. When new buyers couldn't be found and the music stopped, prices crashed.
Prices stand unusually high in the current market but the shortage of housing places a limit on how far they can fall, since the lack of options for buyers will continue to push upward on prices, Ken Johnson, a real estate economist at Florida Atlantic University, told ABC News.
"I don't see a dramatic crash," Johnson said, adding that he expects a scenario in the coming months in which home prices plateau or dip slightly as they test the limits of consumers' budgets. "On a scale of one to ten, with the last bubble being a nine, this is a two or three."
Still, Johnson said, potential interest rate cuts could heat up the housing market even further, sending prices skyward and further threatening the stability of the sector.
On the other hand, Yun raised the possibility of a recession that forces layoffs and compromises the capacity for homeowners to afford their mortgages, potentially flooding the market with homes. Even in such circumstances, he said, "home price decline would be fairly modest."
Even in the absence of a full-on bubble, the market could use some deflation, Norman said.
"The bigger problem to me than a bubble is just the lack of affordability," he added. "Maybe the bubble doesn't burst but some air gets let out of the balloon."
2
The Good Enough Trap
How Technology Can Get Us Stuck In Place
Ian Leslie · 2024.05.04
 | | In Minority Report, Tom Cruise’s character John Anderton communes with virtual versions of his wife and child. |
It’s not just Manchester United. After a couple of years when it seemed like working-from-home was the new normal, there is a press to go back to the office. Even Zoom expects its employees to be in at least twice a week. I don’t think this is just because CEOs are petty tyrants bent on surveilling their workers in a corporate panopticon. I think it’s because companies are waking up to the danger of getting stuck in a “good enough” equilibrium - one which is workable but ultimately unsatisfactory.
Most knowledge work can now get done over screens, but screens don’t generate the intangible benefits of physical place-sharing - workplace friendships formed by increments around the kettle; the implicit skills and cultural habits passed on by osmosis to new joiners; chats by the elevator that result in quicker decisions. Such effects are hard to measure and make little difference to output in the short or even medium term. But over time, they matter more than almost anything else.
After we lost access to the office, software provided us with a substitute that functioned just well enough for us to get fooled, for a while, into believing we hadn’t lost anything at all.
Software designers refer to “the good enough principle”. It means, simply put, that sometimes you should prioritise functionality over perfection. As a relentless imperfectionist, I’m inclined to embrace this idea. I gave this newsletter its name to encourage myself to post rough versions of my pieces rather than not to write them at all. When it comes to parenting, I’m a Winnicottian: I believe you shouldn’t try to be the perfect mum or dad because there’s no such thing. At work and in life, it’s often true that the optimal strategy is not to strive for the optimal result, but to aim for what works and hope for the best.
The good enough can be a staging post to the perfect. The iPhone’s camera was a “good enough” substitute for a compact camera. It did the job, but it wasn’t as good as a Kodak or a Fuji. Until it was. Technological innovation often works like this, but the improvement curve isn’t always as steep as with the smartphone camera. Sometimes we allow ourselves to get stuck with a product which is good enough to displace the competition, without fulfilling the same range of needs. The psychological and social ramifications can be profound.
Let’s say you’re a student and you use ChatGPT to write your essays for you. Give it the right prompts and it will produce pieces that are good enough to get the grade you need. That seems like a win: it saves you time and effort, presuming your tutors don’t notice or don’t care. Maybe you get through the whole of university this way. But be wary of this equilibrium. Over the longer term, you will be stunting the growth of your own mind. The struggle of turning inchoate thought into readable sentences and paragraphs is a powerful exercise for the brain. It’s how you get better at thinking. It is thinking.
Teenagers use the phone as a good-enough substitute for face-to-face socialising, which can be expensive and involve some stressful coordination - where to meet, what time, who to invite. Teens can get the raw information they need (what Daniel did with Saskia) and use emojis as a good-enough substitute for facial expression and vocal inflection. It’s magic. Except that, as at work, the benefits of gathering in person are lost. This seems to have been a bad thing for teen mental health:
A Silicon Valley entrepreneur called Nikhil Krishnan recently posted a thread about he spent his twenties obsessed with solving the problem of loneliness. He hosted social events where people could meet friendly strangers. He even founded a company around it. But it never took off, and eventually he concluded his mission was futile, because the competition had become unbeatable.
Many people feel uncomfortable about meeting strangers, no matter how conducive the conditions. Even when a lonely person wants to go out and meet people, the option of staying home is seductive - and home is so much more stimulating than it was.
In the old days, the alternative to socialising was watching a DVD you’d already seen while sticking a ready-meal in the microwave. Now you can always find something new on Netflix or play Street Fighter or both, while getting UberEats to bring dinner. As Krishnan puts it: “The fact that you can stay home and basically self-medicate with content in a way that feels not-quite-bored is the biggest barrier [to solving loneliness].”
Perhaps this is just revealed preference, and we should accept that even people who say they want to meet others really prefer being alone. Or maybe people are getting stuck in a good-enough equilibrium. Each decision to stay in makes sense on its own terms, but over time, the prospect of going out seems even more scary, and a self-isolating loop is created.
The psychologist Paul Bloom recently wrote about the services that AI-enabled companies will soon be offering the bereaved. If you’ve lost a parent, lover or child, you’ll be able to summon a simulation of them, based on all the data they left behind: emails, WhatsApp and SMS messages, voice messages, video, and more. The simulations will respond to what you’re saying in the voice of the person you loved. They’ll have even access to information about the world and so be able to discuss current events with you. I can imagine this being almost irresistible for grieving people.
You might argue that anything which eases the pain of bereavement is positive, and that’s certainly what marketers of these services will say. But a comment on Bloom’s post argues that these avatars will likely to do more harm than good. The commenter (“Professor Plum”) is a 55-year-old widower with a teenage daughter. He points out that grief isn’t just about missing what you had, but losing what was to come; an AI can’t recreate the future you anticipated together. Even more importantly, he says, a simulation of your loved one would get you “stuck in place”:
Having gone through the grief process, I think there is enormous value to going through that and coming out on the other side. I think of my daughter who still has things to work out with the death of her mother, and I can say with great confidence, that if she had access to a Mom-bot, she'd be even further behind in her coping. Maybe one day AIs will be so good at simulating people that we’ll barely notice the difference, at which point we’ll be truly be in the post-human future. In the meantime, what they’ll offer is a lossy JPEG of the person we loved - one that’s just good enough to keep us chained to it. Saludos.
3
['The Housing Crunch' es parte de El Hostión. Calígula nombró cónsul a 'Incitatus'. El cinismo de poner al frente de la Ciencia a una 'pin up' terraplanista antivacunas es parte de El Hostión. El dramita del enamoramiento con «Sánchez, Sáánchez, Sááánchez» de La Quíntuple F (fecal, frugívora, facturera, falsaria, fea) es la grima de El Hostión en versión cañí. La impotencia del imperio en las provincias orientales, por supuesto que es El Hostión. El presidente del imperio en fase prostática y necesitando de exoesqueleto, y el candidato a sustituirle, humillado por una colipoterra: El Hostión. La fachosfera acongojada anegando las cloacas con su diarrea, El Hostión. Hostión es los tambores de misiles nucleares tácticos, cuando el único misil aquí es este:  El HostiónDe película de zombis hemos pasado a circo patético, con jokers mercenarios en lugar de payasos. El popularcapitalismo —quizá el propio capitalismo— no quiere sabios. Quiere 'tricksters'. Hora de morir.]
4
« Último mensaje por senslev en Hoy a las 19:16:13 »
https://www.elplural.com/politica/internacional/milei-coloca-terraplanista-frente-comision-ciencia-tecnologia_329806102Pues eso, viva la libertad, carajo! Lemoine ha sido una figura polémica, conocida por sus posturas que desafían la ciencia convencional. Entre sus declaraciones más notorias, se encuentra la afirmación de que "no existen vuelos comerciales a través del Océano Pacífico", lo que según ella, sería una evidencia de que la Tierra es plana. Además, ha cuestionado la veracidad del alunizaje, sugiriendo que podría haber sido un montaje y que desde 1972 no ha habido misiones tripuladas porque "la NASA admitió haber perdido la tecnología para volver". “¿Por qué los gobiernos del mundo quieren ocultarle a la humanidad que la Tierra es plana y que hay una gran pared de hielo que la circunda?”, llegó a preguntarse en otra ocasión. Estas declaraciones, entre otras lindeces, han causado consternación entre los defensores de la ciencia, quienes ven en ellas un rechazo a los principios básicos del método científico
5
« Último mensaje por Derby en Hoy a las 18:17:55 »
https://www.bloomberg.com/news/articles/2024-05-11/a-600-billion-wall-of-debt-looms-over-market-s-riskiest-stocksA $600 Billion Wall of Debt Looms Over Market’s Riskiest Stocks
*Delay in rate cuts disrupts much-awaited rally in small caps
*Hedge funds hold one of the biggest short positions on record
US small-cap stocks are as cheap as they’ve been in decades, but with a more than half-trillion dollar mountain of debt looming over the next five years, it’s going to take a significant risk-on signal from the Federal Reserve to entice investors.
Firms in the small-capitalization Russell 2000 Index hold a total of $832 billion in debt, 75% of which — or $620 billion — needs to be refinanced through 2029, data compiled by Bloomberg shows. For comparison, companies in the big-cap S&P 500 Index have just 50% of their obligations due by then.
“No, despite attractive valuations, we won’t be buying yet,” said Marija Veitmane, senior multi-asset strategist at State Street Global Markets. “We don’t like small caps as they are much more sensitive to an economic slowdown, have much higher cost of funding, and margins are likely to be squeezed more.”
In particular, smaller companies tend to have a considerable amount of floating-rate debt, usually in the form of loans, because they often aren’t big enough to borrow in the bond market. That means their interest expenses often reset higher soon after the Fed hikes rates, while a bigger company with fixed-rate bond debt may wait longer before higher rates have a significant impact on their borrowing costs.
In addition, the performance of small companies typically is tied to how the overall economy is doing. So with economic conditions in flux and uncertainty the theme in markets at the moment, Wall Street pros are skeptical of buying into the riskiest stocks — even at seemingly bargain valuations.
The Russell 2000’s price-to-sales ratio relative to the S&P 500 is near the lowest since 2003, excluding the bottoming out during the Covid pandemic in 2020. But market participants still say the index is priced for perfection and will need a strong pickup in economic growth to trigger a rally.
“The bigger, quality names are more expensive for a reason,” said Guy Miller, chief market strategist at Zurich Insurance Co. “They tend not to have any issues around funding and are less dependent on interest rate policy.”
Lagging Performance
The Russell 2000 is up just 1.6% this year as expectations for rate cuts have dwindled to two from six in January, while the S&P 500 has gained 9.5%. But small-caps have been lagging big caps for a while, with the S&P 500 more than doubling the Russell 2000’s performance since the start of 2023.
Indeed, the small-cap index has gone two and a half years without hitting a peak — its longest stretch since the global financial crisis, according to data compiled by Bloomberg. The S&P 500, on the other hand, has set and reset records 22 times in 2024.
The issue now for small-caps is the direction of rates and the economy as inflation remains more persistent than was expected at the start of the year.
Stock market positioning shows a general lack of conviction in the equities rally that started at the end of April. Investors have flocked back into the so-called Magnificent Seven technology mega-caps, which are considered safer during periods of economic uncertainty, sending the Bloomberg Magnificent 7 Total Return Index up roughly 9% in the last three weeks. By contrast, hedge funds have one of their biggest net short positions in Russell 2000 futures on record, according to data from Ned Davis Research.
Earnings aren’t helping small caps either. Russell 2000 revenues for the first quarter are on pace to rise just 0.3% versus a 4% gain for the S&P 500, figures from BI show. The rest of 2024 is likely to see an “up-and-down recovery, possibly leaving the Russell 2000 a bit volatile,” strategists Michael Casper and Gina Martin Adams said.
An analysis from Bank of America Corp. showed that even if interest rates were to stay at current levels, small-cap operating earnings outside the financial sector are likely to be reduced by 32% over the next five years, given that nearly half their debt is short term or at a floating rate.
Cash Drains
Small caps are increasingly money losers, with about 42% of the Russell 2000 currently posting negative profitability, compared with less than 20% in the mid-1990s, according to data compiled by Bloomberg.
“The quality of companies in the Russell is significantly worse than it was 20 years ago,” said Hugh Grieves, fund manager of the Premier Miton US Opportunities fund. “You’ve had a lot more companies be able to go public that have never made a profit and probably never will.”
But Grieves also is among market forecasters who warn against dismissing all small-cap stocks. Another is David Lefkowitz, head of US equities at UBS Global Wealth Management, who sees falling interest rates by the end of the year supporting the group, and an expected pickup in business activity translating into stronger earnings.
“It’s not that small caps are bad,” said Lefkowitz, who turned overweight on the group in December. “It’s just that on a relative basis, large is doing better.”
6
« Último mensaje por Derby en Hoy a las 17:37:15 »
https://www.businessinsider.com/more-than-half-future-miami-condos-are-primed-for-airbnb-2024-5Airbnbs are primed to take over Miami, which is already facing a housing crunch
*A Florida real-estate firm forecasts that 31 pre-construction condo buildings in the Miami region are ripe for Airbnbs.
*That amounts to over 10,335 units or more than 50% of projected construction, ISG Group found.
*Rising population and home prices are already squeezing Miami real estate.
Miami, Florida. Getty/Sylvain Sonnet
A wave of new condo developments tailor-made for Airbnb and similar rental sites is set to wash over the Miami region.
So many, in fact, that they outnumber the amount of traditional rentals tagged for development over the same time.
More than 50% of total condos in the pre-construction phase across Miami-Dade County and nearby Broward County, totaling 10,335 units, are geared toward short-term rentals, a first-quarter report from real-estate firm ISG World found.
These units may not be exclusively advertised for short-term stays, CEO of ISG World Craig Studnicky told Business Insider but were grouped by little to no rental restrictions for future owners.
That means these units could, and very likely may, be used for Airbnb and similar purposes, Studnicky explained.
"We've had a development industry that is adding more short-term rentals to South Florida inventory," Studnicky told BI. "And that's not what we need."
Florida has continued to experience a major population boom and was the fastest-growing state between 2021 and 2022, with 417,000 new residents. Housing prices, in tandem, skyrocketed. The median sales price for a home in Miami hit $600,000 in March 2024, nearly double the median price of $335,000 in March 2020, according to Redfin.
It's rocked affordability in Miami, where there is currently a $1.5 billion gap to provide adequate, affordable housing for the entirety of Miami-Dade County, according to a study by the nonprofit Miami Homes for All. Altogether, the county is missing over 90,000 affordable units for renters making less than $75,000 a year, the study concluded.
Developers in the Miami region should focus on creating more traditional rentals to alleviate pressure in the market, Studnicky believes.
The ISG World report states more than 10,000 traditional rental units for Miami-Dade and Broward counties are scheduled in pre-construction, a process that will take many years to complete. In the past 10 years, Studnicky estimates a much more robust 20,000 traditional rental units were built in Miami.
"That's the number that we need just to accommodate the population gains," he told Business Insider.
Axel Springer, Insider Inc.'s parent company, is an investor in Airbnb.
7
El poder de la narrativa
Caitlin Johnstone
May 9, 2024
Empire Managers Explain Why This New Protest Movement Scares Them
“They understand that if they lose control of the narrative, they won’t be able to deploy their armies anymore.”
v/EN= https://caitlinjohnstone.com.au/2024/05/09/empire-managers-explain-why-this-new-protest-movement-scares-them/
v/FR= https://lesakerfrancophone.fr/le-pouvoir-de-la-narrative
v/go-ES= https://caitlinjohnstone-com-au.translate.goog/2024/05/09/empire-managers-explain-why-this-new-protest-movement-scares-them/?_x_tr_sl=auto&_x_tr_tl=es&_x_tr_hl=en-US
Te cojo la primera palabra... ¡la primera! : Empire. Me sale una serie de TV. https://www.google.com/search?client=firefox-b-e&q=empire#ip=1¿Qué narices es entonces "Los directivos de Empire explican por qué les asusta este nuevo movimiento de protesta"?  [ El poder del enmierdamiento: Bendita mierda que...  ]
8
« Último mensaje por saturno en Hoy a las 14:56:07 »
El poder de la narrativaCaitlin Johnstone May 9, 2024 Empire Managers Explain Why This New Protest Movement Scares Them “They understand that if they lose control of the narrative, they won’t be able to deploy their armies anymore.” v/EN= https://caitlinjohnstone.com.au/2024/05/09/empire-managers-explain-why-this-new-protest-movement-scares-them/v/FR= https://lesakerfrancophone.fr/le-pouvoir-de-la-narrativev/go-ES= https://caitlinjohnstone-com-au.translate.goog/2024/05/09/empire-managers-explain-why-this-new-protest-movement-scares-them/?_x_tr_sl=auto&_x_tr_tl=es&_x_tr_hl=en-USEntrevista a Alex Karp, CEO de Palantir
https://soundcloud.com/going_rogue/empire-managers-explain-why-this-new-protest-movement-scares-them?utm_source=clipboard&utm_campaign=wtshare&utm_medium=widget&utm_content=https%253A%252F%252Fsoundcloud.com%252Fgoing_rogue%252Fempire-managers-explain-why-this-new-protest-movement-scares-them
----
El secretario de Estado de Estados Unidos y un oligarca tecnológico de vigilancia de Bilderberg han hecho algunas confesiones muy interesantes sobre el floreciente movimiento de protesta contra la matanza respaldada por Estados Unidos en Gaza y los problemas que plantea para el imperio que ayudan a dirigir.
Durante una diatriba mordaz[1] sobre los manifestantes universitarios en el Intercambio Ash Carter sobre Innovación y Seguridad Nacional el martes, el director ejecutivo de Palantir, Alex Karp, fue directo y dijo que si aquellos que están del lado de los manifestantes ganan el debate sobre este tema, Occidente perderá el capacidad de hacer guerras.
Para aquellos que no lo saben, Palantir es una empresa de tecnología de vigilancia y extracción de datos respaldada por la CIA[2] con vínculos íntimos tanto con el cártel de inteligencia estadounidense[3] como con Israel[4] , y que desempeña un papel crucial tanto en la extensa red de vigilancia[5] del imperio estadounidense como en las atrocidades israelíes[6] contra los palestinos.
Karp es un multimillonario que forma parte del Comité Directivo[8] del Grupo Bilderberg y aparece regularmente[9] en el Foro Económico Mundial y otras plataformas de gestión del imperio plutocrático.
“Creemos que estas cosas que están sucediendo en los campus universitarios son un espectáculo secundario. No, ellos son el espectáculo”.
"Si perdemos el debate intelectual, nunca podremos desplegar ningún ejército en Occidente". El director ejecutivo de #Palantir, Alex Karp, en #SCSPAIExpo2024 pic.twitter.com/MwQoDlSMFw
– Palantir (@PalantirTech) 8 de mayo de 2024
---
[1] https://www.cnbc.com/video/2024/05/08/palantir-ceo-alex-karp-its-dangerous-to-allow-discrimination-on-our-college-campuses.html
[2] https://www.reuters.com/article/idUSL1N0JQ1OE/
[3] https://www.forbes.com/sites/andygreenberg/2013/08/14/agent-of-intelligence-how-a-deviant-philosopher-built-palantir-a-cia-funded-data-mining-juggernaut/?sh=6ba162507785
[4] https://www.trtworld.com/magazine/israel-linked-cia-funded-palantir-goes-public-making-espionage-mainstream-40230
[5] https://archive.is/XHETv
[6] https://twitter.com/Resist_05/status/1786898898512167162
[7] https://www.bilderbergmeetings.org/background/steering-committee/steering-committee
[8] https://www.weforum.org/search/?query=alex+karp
[9] https://www.weforum.org/search/?query=alex+karp
---
Todos deberían escuchar con mucha atención las palabras de Karp aquí, porque está revelando todo el juego. Está dejando muy claro lo crucial que es para el imperio aplastar este movimiento de protesta y el espíritu de la época en el que se basa, porque la existencia misma de la maquinaria de guerra imperial depende de ello. En un momento en que la mayoría de los expertos imperiales intentan restar importancia a este movimiento y a lo que los jóvenes están haciendo en los campus universitarios de todo el mundo, ésta es una admisión realmente extraordinaria por parte de alguien que vive en lo profundo de las entrañas de la hidra imperial.
---
(sobre Blinken y Mitt Romney acerca del cierre de Tiktok[1][2])
https://youtu.be/7C3QDPRWPUg
"Ahora, por supuesto, estamos recibiendo una alimentación intravenosa de información con nuevos impulsos, entradas cada milisegundo", continuó Blinken. “Y, por supuesto, la forma en que esto se desarrolló en las redes sociales ha dominado la narrativa. Y tienes un entorno de ecosistema de redes sociales en el que el contexto, la historia, los hechos se pierden y la emoción y el impacto de las imágenes dominan. Y no podemos, no podemos descartar eso, pero creo que también tiene un efecto muy, muy, muy desafiante en la narrativa”.
¿Observas cómo dijo la palabra “narrativa” tres veces? Así se hablan entre sí los dirigentes del imperio, porque así es como piensan sobre todo.
Esto se debe a que los administradores del imperio siempre son muy conscientes de algo que los seres humanos normales no son: que el poder real proviene de la manipulación de las historias (narrativas) que las personas se cuentan a sí mismas sobre su realidad.
Entienden que los humanos son animales que cuentan historias cuyas vidas internas suelen estar dominadas por narrativas mentales sobre lo que está sucediendo, por lo que si puedes controlar esas narrativas, puedes controlar a los humanos.
Entienden que controlar lo que sucede es poder, pero el verdadero poder es controlar lo que la gente piensa sobre lo que sucede.
Entienden que quien controla la narrativa controla el mundo.
[1] https://www.state.gov/secretary-antony-j-blinken-at-mccain-institutes-2024-sedona-forum-keynote-conversation-with-senator-mitt-romney/
[2] https://youtu.be/7C3QDPRWPUg
9
« Último mensaje por saturno en Hoy a las 14:17:21 »
America's Super-Elite DisconnectSimplicius Mar 03, 2024 v/EN= https://darkfutura.substack.com/p/americas-super-elite-disconnectv/FR= https://lesakerfrancophone.fr/la-deconnexion-de-lelite-americainev/goES= https://darkfutura-substack-com.translate.goog/p/americas-super-elite-disconnect?_x_tr_sl=auto&_x_tr_tl=es&_x_tr_hl=en-USLast month came a fascinating new report from the institute of Scott Rasmussen, founder of the famed Rasmussen Reports polling center. Its aim was to, for the first time, quantitatively define the true ‘elite’ of society, which control most of our social narratives, politics, and general ‘orthodoxy’.
https://www.rmgresearch.com/wp-content/uploads/2024/01/Elite-One-Percent.pdf
It has been picked up by a variety of publications, from NYPost:
https://nypost.com/2024/01/19/opinion/shocking-survey-reveals-the-reason-elites-are-out-of-touch-and-it-isnt-why-you-think/
To Boston Globe, and others:
https://www.bostonglobe.com/2024/01/24/opinion/real-one-percent-elites-rasmussen-poll/
The full report centered on a members-only webinar presentation by Rasmussen, but the provided PDF file summarizes the most salient survey graphics and point breakdowns.
For those interested, Rasmussen appeared on Newt Gingrich’s podcast to discuss the results, where he eloquently summarized his chief findings, as well as how he first stumbled on them.
The NYPost article summarized the dataset best:
The United States has a wealthy, partisan elite class that’s not only immune from and numb to the problems of their countrymen, but enormously confident in and willing to impose unpopular policies on them.
This is a recipe for disaster.
And this supplemental Newt Gingrich writeup describes just how Rasmussen first got wind of it all:
While doing their two weekly national surveys, Rasmussen and his team noticed an anomaly. Out of every 1,000 or so respondents, there would always be three or four who were far more radical than everyone else. After several months of finding these unusual responses, Rasmussen realized they all shared three characteristics.
The radical responses came from people who had graduate degrees (not just graduate studies), family incomes above $150,000 a year, and lived in large cities (more than 10,000 people per zip code).
What’s more, is that amongst this 1% ‘elite’, there is an even more radicalized subset Rasmussen calls the ‘super-elite’, which are characterized by primarily attending one of twelve identified elite schools:
Gingrich adds:
Charles Murray in his classic work, “Coming Apart,” analyzed zip codes and proved that graduates from “dirty dozen” universities that Rasmussen described live, work and play in the same zip codes. They are an isolated set and create a “power aristocracy” that has no knowledge of the rest of us – and contempt for most of us. This perfectly explains Hillary Clinton’s “basket of deplorables” line.
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Even more staggering is the vast gulf between each side’s trust in the ‘professional class’:
Check the figures: Only 6% of voters have a favorable opinion of Congress, 10% in journalists, and 17% in professors. Amongst the 1%-er elites, these numbers average above 70%; this alone tells virtually the entire story.
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# Respuesta #1667 en: 240511 a las 16:36:17
# Source -- https://www.transicionestructural.net/index.php?topic=2604.msg228508#msg228508
$DATE
[El impresentable Bernardos[1] cree ser un cara blanca, pero es un augusto. Es un augusto de humor fecal.]
[Hay tongo en la absorción del Banco Sabadell-Caja de Ahorros del Mediterráneo por el BBVA.]
[El Sr. Cuerpo[2] es un 'flinstone'[3]. Es el verdadero pablo de pedro.
https://www.youtube.com/watch?v=zua831utwMM
https://www.youtube.com/watch?v=EMrv9aXOCnA
https://www.youtube.com/watch?v=qIjKPi9TqTE]
[footnote, es $date]
[1] Sobre Gonzalo Bernardos, ver (lex:topic=2604.msg228504#msg228504, entrada de Senslev)
[2] Ver la noticia en (lex:?topic=2604.msg228498#msg228498, El Economista del 240510 ) y (lex:?topic=2604.msg228522#msg228522, en Cinco días del 240510 ).
[3] En alusión a la serie (lex:https://en.wikipedia.org/wiki/Meet_the_Flintstones, Meet the Flintstones). Ver también (v/EN) (lex:oldtimemusic.com/the-meaning-behind-the-song-theme-song-by-the-flintstones/, The Meaning Behind The Song, Steve Flynn, 31-12-2023).
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