While Baby Boomers continue to face retirement and Millennials are slow to mature economically, investors face many dilemmas due to increasing bureaucracy, more government programs, higher taxes and more promises all aimed at solving issues and protecting a working class that is not really working. This impact will no doubt influence your long-term financial plan.
Let's have a discussion about capitalism and socialism. This slideshare makes the case that what we need is more capitalism as it is the system that reduces poverty and actually delivers a better overall quality of life. Yes, there are improvements that can be made, but let's have that discussion before we make revolutionary changes that have not worked well in other places.
Let's have a discussion about capitalism and socialism. This slideshare makes the case that what we need is more capitalism as it is the system that reduces poverty and actually delivers a better overall quality of life. Yes, there are improvements that can be made, but let's have that discussion before we make revolutionary changes that have not worked well in other places.
Thirty years of growing income inequality, corporate tax cuts and personal tax breaks for the wealthy have undermined the livelihood of working people and set up a state budget crisis which does not need to
exist. We present alternative tax proposals and issue a warning of the ominous consequences of privatization, layoffs and state service cuts for all New Yorkers.
The best data we have on the
upper tail of the income distribution come from Piketty and Saez’s (2003, with
updates) tabulations of individual tax returns. (Even these numbers, though, are
subject to some controversy: the tax code changes over time, altering the incentives
to receive and report compensation in alternative forms.) According to their
numbers, the share of income, excluding capital gains, earned by the top 1 percent
rose from 7.7 percent in 1973 to 17.4 percent in 2010. Even more striking is the
share earned by the top 0.01 percent—an elite group that, in 2010, had a membership
requirement of annual income exceeding $5.9 million. This group’s share of
total income rose from 0.5 percent in 1973 to 3.3 percent in 2010. These numbers
are not easily ignored. Indeed, they in no small part motivated the Occupy movement,
and they have led to calls from policymakers on the left to make the tax code
more progressive.
Politicians will face major voter backlash if they advocate cuts in Social Security benefits or choose deficit reduction over job creation, according to a poll by Greenberg Quinlan Rosner commissioned by the Campaign for America’s Future and Democracy Corps, with support from MoveOn.org; the American Federation of State, County and Municipal Employees, and the Service Employees International Union.
For this group project we had to describe the cultural differences from United States and China and what a company should know before investing in China.
I did the graphics, presented and research.
This presentation on privatization and TIFs was given to Theresa Amato's public interest law class at the Loyola Law School. The audio is 47 minutes long. If you'd like a copy, please email tom@civiclab.us.
Tom Tresser presented at a forum of privatization and the Chicago Infrastructure Trust at SEIU's Chicago HQ on Saturday, June 23, 2012. Visit http://www.civiclab.us. Contact Tom = tom@civiclab.us
Cordes & Longworth Chicago Tribune Op Ed | April 14, 2015Ed Morrison
Sam Cordes and Richard Longworth did an excellent job outlining how the governors of Illinois and Indiana are moving in the wrong direction.
In an op-ed that appeared in the Chicago Tribune, they pointed to our work in building the Regional Alliance across three states: WI, IL and IN.
Social Spending and Taxation| Government| Sustainability| April 2019paul young cpa, cga
This presentation looks at social policy and income inequality as way to highlight the pressure facing government spending around the world.
Countries around the world need to reform their tax policies
Countries around the world need to emphasize value for money as part of delivering program spending.
There needs to be a proper balance between the environment and the economy.
There is middle ground to be achieve between providing social programs and the right level of taxation
Why the next decade will shape the century!adusault
A position paper on the forces converging into the next decade, which will create more volatility. We constantly underestimate changes and resist new conditions.
Thirty years of growing income inequality, corporate tax cuts and personal tax breaks for the wealthy have undermined the livelihood of working people and set up a state budget crisis which does not need to
exist. We present alternative tax proposals and issue a warning of the ominous consequences of privatization, layoffs and state service cuts for all New Yorkers.
The best data we have on the
upper tail of the income distribution come from Piketty and Saez’s (2003, with
updates) tabulations of individual tax returns. (Even these numbers, though, are
subject to some controversy: the tax code changes over time, altering the incentives
to receive and report compensation in alternative forms.) According to their
numbers, the share of income, excluding capital gains, earned by the top 1 percent
rose from 7.7 percent in 1973 to 17.4 percent in 2010. Even more striking is the
share earned by the top 0.01 percent—an elite group that, in 2010, had a membership
requirement of annual income exceeding $5.9 million. This group’s share of
total income rose from 0.5 percent in 1973 to 3.3 percent in 2010. These numbers
are not easily ignored. Indeed, they in no small part motivated the Occupy movement,
and they have led to calls from policymakers on the left to make the tax code
more progressive.
Politicians will face major voter backlash if they advocate cuts in Social Security benefits or choose deficit reduction over job creation, according to a poll by Greenberg Quinlan Rosner commissioned by the Campaign for America’s Future and Democracy Corps, with support from MoveOn.org; the American Federation of State, County and Municipal Employees, and the Service Employees International Union.
For this group project we had to describe the cultural differences from United States and China and what a company should know before investing in China.
I did the graphics, presented and research.
This presentation on privatization and TIFs was given to Theresa Amato's public interest law class at the Loyola Law School. The audio is 47 minutes long. If you'd like a copy, please email tom@civiclab.us.
Tom Tresser presented at a forum of privatization and the Chicago Infrastructure Trust at SEIU's Chicago HQ on Saturday, June 23, 2012. Visit http://www.civiclab.us. Contact Tom = tom@civiclab.us
Cordes & Longworth Chicago Tribune Op Ed | April 14, 2015Ed Morrison
Sam Cordes and Richard Longworth did an excellent job outlining how the governors of Illinois and Indiana are moving in the wrong direction.
In an op-ed that appeared in the Chicago Tribune, they pointed to our work in building the Regional Alliance across three states: WI, IL and IN.
Social Spending and Taxation| Government| Sustainability| April 2019paul young cpa, cga
This presentation looks at social policy and income inequality as way to highlight the pressure facing government spending around the world.
Countries around the world need to reform their tax policies
Countries around the world need to emphasize value for money as part of delivering program spending.
There needs to be a proper balance between the environment and the economy.
There is middle ground to be achieve between providing social programs and the right level of taxation
Why the next decade will shape the century!adusault
A position paper on the forces converging into the next decade, which will create more volatility. We constantly underestimate changes and resist new conditions.
What would life be like if you could get to the essence of who you are and what you believe? In other words, why do you do the things you do? What if you could focus on doing what you are best at and love to do the most?
20 THE NEW” HOUSING AND MORTGAGE MARKET SPRING 2016The .docxlorainedeserre
20 THE “NEW” HOUSING AND MORTGAGE MARKET SPRING 2016
The New Housing
and Mortgage Market
DOUGLAS DUNCAN
DOUGLAS DUNCAN
is chief economist and
a senior vice president
at Fannie Mae in
Washington, DC.
[email protected]
com
O
ne hears various individuals
ask whether the housing and
mortgage markets are back to
“normal,” or perhaps they con-
jecture that the markets are, in fact, back to
“normal.” Of course, that question implies an
understanding of what constitutes “normal.”
Others suggest there is a “new normal,”
which indicates a view that what was, is no
longer, and that the market has somehow
permanently changed. We will explore that
dichotomy of views in this brief article.
Our primary interests in this article
are in the production and delivery of and
investment in mortgage-related assets as well
as exploring what has changed and what the
future looks like in this market. Because the
number and volume of those assets are deriv-
ative of the underlying real estate, we will
also brief ly describe the U.S. demographic
profile that will drive demand for places to
live. People live in residences that they own
or rent and both are f inanced, so we will
comment on both types of property and what
brings people to live in one or the other.
Finally, we will offer a perspective on what
this means for mortgage asset volumes.
The next subject we will comment
upon is the organization of firms that make
mortgage loans to consumers in the primary
market. A number of post-crisis economic
and policy forces have been acting on these
f irms and changing the opportunities and
constraints they face. The environment has
altered the product set they offer. We offer
a view of how the demographic factors and
the implied potential mortgage-related asset
volumes might look going forward and how
they are likely to impact the number and type
of firms operating in the primary market.
The number and nature of firms oper-
ating in the secondary market have changed
significantly, as well. From a policy perspec-
tive, however, this is the area of least progress.
Irrespective of the lack of legislated change,
there are changes taking place in the sec-
ondary market under the direction of the
conservator.1 The primary market has seen
a shift of volume between traditional f irm
types, but the secondary market awaits poten-
tially greater structural change. This change
includes the mix of investors who ultimately
hold the mortgage assets as well as the types
of assets available to be held.
Much of the change to be discussed is
a result of the policy reaction to the housing
recession. The policy changes were both
monetary and fiscal. The drivers of change
also include what might be called the evo-
lutionary aspects of any market, perhaps
enabled in this case by technologic advance-
ment. We will not discuss the causes of the
recession but rather focus on the changes
wrought by the policy response to it. Not
all ...
20 THE NEW” HOUSING AND MORTGAGE MARKET SPRING 2016The .docxnovabroom
20 THE “NEW” HOUSING AND MORTGAGE MARKET SPRING 2016
The New Housing
and Mortgage Market
DOUGLAS DUNCAN
DOUGLAS DUNCAN
is chief economist and
a senior vice president
at Fannie Mae in
Washington, DC.
[email protected]
com
O
ne hears various individuals
ask whether the housing and
mortgage markets are back to
“normal,” or perhaps they con-
jecture that the markets are, in fact, back to
“normal.” Of course, that question implies an
understanding of what constitutes “normal.”
Others suggest there is a “new normal,”
which indicates a view that what was, is no
longer, and that the market has somehow
permanently changed. We will explore that
dichotomy of views in this brief article.
Our primary interests in this article
are in the production and delivery of and
investment in mortgage-related assets as well
as exploring what has changed and what the
future looks like in this market. Because the
number and volume of those assets are deriv-
ative of the underlying real estate, we will
also brief ly describe the U.S. demographic
profile that will drive demand for places to
live. People live in residences that they own
or rent and both are f inanced, so we will
comment on both types of property and what
brings people to live in one or the other.
Finally, we will offer a perspective on what
this means for mortgage asset volumes.
The next subject we will comment
upon is the organization of firms that make
mortgage loans to consumers in the primary
market. A number of post-crisis economic
and policy forces have been acting on these
f irms and changing the opportunities and
constraints they face. The environment has
altered the product set they offer. We offer
a view of how the demographic factors and
the implied potential mortgage-related asset
volumes might look going forward and how
they are likely to impact the number and type
of firms operating in the primary market.
The number and nature of firms oper-
ating in the secondary market have changed
significantly, as well. From a policy perspec-
tive, however, this is the area of least progress.
Irrespective of the lack of legislated change,
there are changes taking place in the sec-
ondary market under the direction of the
conservator.1 The primary market has seen
a shift of volume between traditional f irm
types, but the secondary market awaits poten-
tially greater structural change. This change
includes the mix of investors who ultimately
hold the mortgage assets as well as the types
of assets available to be held.
Much of the change to be discussed is
a result of the policy reaction to the housing
recession. The policy changes were both
monetary and fiscal. The drivers of change
also include what might be called the evo-
lutionary aspects of any market, perhaps
enabled in this case by technologic advance-
ment. We will not discuss the causes of the
recession but rather focus on the changes
wrought by the policy response to it. Not
all.
This is a big picture overview of the social and economic transformation of the USA in the last 20 years. Great wealth and prestige has been lost, the manufacturing and agriculture sectors have declined. The middle class has been decimated and great wealth inequality has been created. Government is under control of big corporations, especially in finance, and effective government agency has been lost.
The Deloitte Global Millennial Survey 2019 talked about how societal discord and technological transformation created a generation disruption. See More : https://www2.deloitte.com/in/en.html
Adulthood, Delayed What Has the Recession Done to Millennials.docxnettletondevon
Adulthood, Delayed: What Has the Recession Done to Millennials?
The Great Recession didn't just postpone financial independence for millions of young Americans. It also changed our attitudes about what it means to be an adult.
Flickr image: Scarleth White
Generations are social constructs. There is no chemical or biological difference between Gen-Xers and Millennials, but we talk about them as if they were different species. That Gen-Xers grew up "independent" and Millennials grew up "entitled" aren't anthropological observations. Rather, they're marginally useful stereotypes. If it's true that members of a certain age group have commonalities that they don't fully share with older or younger groups, this isn't the result of generational determinism. It's just circumstance.
The circumstances surrounding the Millennial generation are particularly strange. Many came of age in the longest economic expansion of the 20th century and graduated into the worst recession since the 1930s. The abrupt contraction of opportunity has left a mark. Unemployment among 18- to 24-year-olds was 16% in 2011, twice as high as the national average. Median earnings fell more for the young than any other cohort, and college debt, most of which is held by 20-somethings, is at an all-time high.
With education comes opportunity. That's the deal, as this generation understood it. Now, they're the highest-educated generation in American history, and they've graduated into ... this.
When adults wonder what's the matter with the Millennial generation that has increasingly chosen to live with their parents and put off marriage and homeownership, the first thing to say is that they're using the word "chosen" wrong. Nobody chose this. The economy chose for them.
In August 2010, Robin Marantz Henig observed in New York Times Magazine that Generation Y (the Millennials) has pushed back each of the five milestones of adulthood: completing school, leaving home, becoming financially independent, marrying, and having a kid. Why won't Millennials grow up? she wondered.
The biggest reason is they can't, according to the Pew Research Center's fantastic new survey "Young, Underemployed, and Optimistic." It begins with school.
The good news is that more young adults are enrolled in school than ever. The share of 18- to 24-year-olds enrolled has increased by 50% since 1990. That's awesome. Less awesome is that the cost of college is rising, too. Average debt for public college students doubled between 1996 and 2006. It's less advisable to invest in marriage with $30,000 in student debt as a couple. "More than one-in-five young adults ages 18 to 34 (22%) say they have postponed having a baby because of the bad economy," Pew reported. "Roughly the same proportion say they have postponed getting married."
If school years delayed financial independence, the Great Recession just about shattered it. Due to economic conditions, 24% of young adults have moved back in with their parent.
A Millennial’s Guide to Homeownership | KM Realty Group Chicago, ILTammy Jackson
This is a content-packed guide that offers powerful marketing materials to share with your clients, while also helping you simply and effectively explain the market’s current homeownership opportunities to a booming demographic that often finds itself stuck in the rental trap.
✔️ We Make Real Estate Buying and Selling Easy.
✔️ https://kmrealtygroup.net/
✔️ Let's connect with a real estate professional to discuss your home buying or selling process. ✔️ https://bit.ly/connect-km-realty
A Millennial’s Guide to Homeownership
This is a content-packed guide that offers powerful marketing materials to share with your clients, while also helping you simply and effectively explain the market’s current homeownership opportunities to a booming demographic that often finds itself stuck in the rental trap. Learn More
This LinkedIn & Ipsos study provides actionable insights on:
• How Affluent Millennials are dramatically reshaping the future of the finance industry.
• How Affluent Millennials are preparing for tomorrow.
• What Affluent Millennials are looking for in a financial services provider and why it’s important to begin strengthening relationships with them today.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
1. Exterior Balcony and Columns
T
90 Westlake Malibu Lifestyle MARCH 2015 www.wmlifestyle.com MARCH 2015 www.wmlifestyle.com Westlake Malibu Lifestyle 91
MONEYSMART/March 2015
With their sheer size and appetite for consumption, will this group
drive the economy moving forward? Will they assume behavioral
habits of past generations or are they adapting to a changing
economic landscape?
While still young, this group is already setting their own trends
causing economists to question their models and companies to
change how they market the goods and services they deliver.
Currently this group is marrying later in life than prior groups (28
years old on average vs. 26 for the baby boomers), and both spouses
usually come into the marriage with a career. Many have student
debt leftover from college. Fewer are buying homes and have not
taken on mortgage debt. This also means they are having children
later in life. This group is also heavily influenced by the financial
meltdown we saw from 2008 to 2009 and many have yet to realize or
participate in the recovery.
While this group may be a bit slower to replicate older generation’s
behavior, life is funny and often predictable. Call it human nature,
but something inside switches and the average person will get
married, have children, buy a home, and take on huge amounts of
debt vs. their income ratios. As their family grows so will the need
for a larger home and they will then move up. The Millennials are
a couple of years behind and yet they are also developing their own
set of norms and financial behaviors.
Economists routinely tell us household formation is a key to our
economy and a major driver behind economic decisions people and
companies make. Over the last five years household formation has
There has been much talk recently about the size of the Millennial Generation. Currently, this
group is measured by those born between 1978 to the early 2000s. At the moment there are
roughly 86 million people in the United States between the ages of 19 and 37. This group is
also continuing to grow through immigration at a time when wages in the US are flat, taxes are
rising, cost of government is swelling and our welfare system is increasing to record levels while
the participation rate in the work force is at record low levels not seen since the late 70’s when
this generation first appeared.
been low. First-time home buying has been
negligent and single-family housing-starts
have not seen a recovery and have been
stuck in neutral since 2007.
Warren Buffet described this recent trend
the best when he spoke at the Fortune
Magazine conference in Laguna Niguel,
California in October 2014. He said, “You
would think that people would be lining up
now to get mortgages to buy a home. It is a
no-brainer…household formation falls off
dramatically in a recession, at least initially,
but that doesn’t last long. Hormones kick in
and in-laws get tiresome, too.”
Warren Buffet hit the nail on the
head, but it is interesting to watch as the
Millennial’s economic maturity or lag in
traditional behavior has actually propelled
relatively-new technology companies which
seem to grow fast in a difficult and risk-
averse economic climate. Their sheer size
and behavior is influencing the economy.
Traditional companies pegged to benefit
from traditional household formation are
being over shadowed by behavioral shifts
of Millennials as we find them more apt to
be living in smaller urban apartments and
glued to the newest technology.
The question we all should be asking is
when will the hormones kick in?
According to BCA Research and current
data on the Millennials, they are starting
to get married and will have the majority
of their children in their thirties unlike the
generations before them that started having
children in their late 20’s and early 30’s.
With this being said, eventually, Millennials
will listen to their 6-month-old and buy a
home. They will realize that commuting
is part of real life or they will start to work
remotely as technology continues to make it
easier. Keeping up with the Jones’; Monkey
see monkey do…once their peers get going,
the majority will fall in line. I can speak
from experience. Once my wife’s friends
started having children, it was a no-brainer;
even I figured it out.
Eventually the millennials will too. Right
now they face major head winds. Many
are graduating from college with massive
amounts of debt and job opportunities that
barely allow them to pay their rent, let alone
give them the confidence to start a family.
While people are fairly predictable, life
is not. Behavior is learned and often when
technology evolves or crisis occurs, people
adapt and form new habits. Today the Echo
Baby Boomer or Millennials face a very
different reality and, unfortunately, they
are trapped by their behavior. Identifying
behavioral trends are often the keys to
long-term investment success. Famous
investor Bernard Baruch was once asked
what behavior made him the most money
in the stock market. He said, “Sitting on my
hands.”
Millennials face a different economy.
They have a federal reserve giving away
money at the lowest rates in modern
history; A growing government dedicated to
taking care of everyone, promising it won’t
cost you a thing...unless you actually work.
And worst of all, Millennials face more
competition for jobs than at any time since
the late 1970s.
Often when discussing the labor-force
participation rate or hearing the argument
against it, it is often dismissed as simply
a function of baby boomers heading off
to retirement. That is certainly true for a
portion of the population, but from the
chart below you can see that people between
the ages of 16 and 54 remain largely
unemployed.
While the unemployment rate has fallen
significantly over the last couple of years
down to 5.6%, Lance Roberts from Street
Talk points out in the accompanying graph
that you would be hard pressed to find
94.4% of the population that “want to work”
are actually “working”.
Not to mention, Millennials have also
faced falling wages. Wages have been falling
or have been stagnant for the last 7 years,
according to the Bureau of Labor and
Statistics (BLS). For wage growth to happen
and for Millennials to feel more confident
about their future we actually need to see
our economy begin to approach “real”
full employment. Right now, according
to the chart, we still have a large pool of
unemployed labor. Ultimately it is a supply
and demand issue. The funny math the
government uses to count employment
forces people into the shadows. Currently,
demand for labor is swamped by the
demand for jobs. This is why wages remain
suppressed and continue to slow the
formation of families by Millennials.
While Baby Boomers continue to face
retirement and Millennials are slow to
mature economically, investors face many
dilemmas due to increasing bureaucracy,
more government programs, higher taxes
and more promises all aimed at solving
issues and protecting a working class that
is not really working. This impact will no
doubt influence your long-term financial
plan. Be sure you are current as the rules are
changing.
Doug De Groote
Managing Director
Located in Westlake Village
800.984.3302 805.230.0111
http://www.Degrootefinancial.com.
De Groote Financial Group, LLC is a federally registered invest-
ment adviser that maintains a principal office in the State of
California. De Groote Financial Group, LLC provides advice
and makes recommendations based on the specific needs and
makes recommendations based on the specific needs and cir-
cumstances of each client. Investing in securities involves risk;
please contact your financial adviser with questions about your
specific needs and circumstances. The information contained
in this newsletter is intended for information only, is not a
recommendation to buy or sell any securities, and should not be
considered investment advice.
MONEYSMART/Rise of the Millennials
RISE OF THE MILLENNIALS—
WILL 2015 BE THE YEAR?
By Doug De Groote, MBA, CFP®
2. Exterior Balcony and Columns
T
90 Westlake Malibu Lifestyle MARCH 2015 www.wmlifestyle.com MARCH 2015 www.wmlifestyle.com Westlake Malibu Lifestyle 91
MONEYSMART/March 2015
With their sheer size and appetite for consumption, will this group
drive the economy moving forward? Will they assume behavioral
habits of past generations or are they adapting to a changing
economic landscape?
While still young, this group is already setting their own trends
causing economists to question their models and companies to
change how they market the goods and services they deliver.
Currently this group is marrying later in life than prior groups (28
years old on average vs. 26 for the baby boomers), and both spouses
usually come into the marriage with a career. Many have student
debt leftover from college. Fewer are buying homes and have not
taken on mortgage debt. This also means they are having children
later in life. This group is also heavily influenced by the financial
meltdown we saw from 2008 to 2009 and many have yet to realize or
participate in the recovery.
While this group may be a bit slower to replicate older generation’s
behavior, life is funny and often predictable. Call it human nature,
but something inside switches and the average person will get
married, have children, buy a home, and take on huge amounts of
debt vs. their income ratios. As their family grows so will the need
for a larger home and they will then move up. The Millennials are
a couple of years behind and yet they are also developing their own
set of norms and financial behaviors.
Economists routinely tell us household formation is a key to our
economy and a major driver behind economic decisions people and
companies make. Over the last five years household formation has
There has been much talk recently about the size of the Millennial Generation. Currently, this
group is measured by those born between 1978 to the early 2000s. At the moment there are
roughly 86 million people in the United States between the ages of 19 and 37. This group is
also continuing to grow through immigration at a time when wages in the US are flat, taxes are
rising, cost of government is swelling and our welfare system is increasing to record levels while
the participation rate in the work force is at record low levels not seen since the late 70’s when
this generation first appeared.
been low. First-time home buying has been
negligent and single-family housing-starts
have not seen a recovery and have been
stuck in neutral since 2007.
Warren Buffet described this recent trend
the best when he spoke at the Fortune
Magazine conference in Laguna Niguel,
California in October 2014. He said, “You
would think that people would be lining up
now to get mortgages to buy a home. It is a
no-brainer…household formation falls off
dramatically in a recession, at least initially,
but that doesn’t last long. Hormones kick in
and in-laws get tiresome, too.”
Warren Buffet hit the nail on the
head, but it is interesting to watch as the
Millennial’s economic maturity or lag in
traditional behavior has actually propelled
relatively-new technology companies which
seem to grow fast in a difficult and risk-
averse economic climate. Their sheer size
and behavior is influencing the economy.
Traditional companies pegged to benefit
from traditional household formation are
being over shadowed by behavioral shifts
of Millennials as we find them more apt to
be living in smaller urban apartments and
glued to the newest technology.
The question we all should be asking is
when will the hormones kick in?
According to BCA Research and current
data on the Millennials, they are starting
to get married and will have the majority
of their children in their thirties unlike the
generations before them that started having
children in their late 20’s and early 30’s.
With this being said, eventually, Millennials
will listen to their 6-month-old and buy a
home. They will realize that commuting
is part of real life or they will start to work
remotely as technology continues to make it
easier. Keeping up with the Jones’; Monkey
see monkey do…once their peers get going,
the majority will fall in line. I can speak
from experience. Once my wife’s friends
started having children, it was a no-brainer;
even I figured it out.
Eventually the millennials will too. Right
now they face major head winds. Many
are graduating from college with massive
amounts of debt and job opportunities that
barely allow them to pay their rent, let alone
give them the confidence to start a family.
While people are fairly predictable, life
is not. Behavior is learned and often when
technology evolves or crisis occurs, people
adapt and form new habits. Today the Echo
Baby Boomer or Millennials face a very
different reality and, unfortunately, they
are trapped by their behavior. Identifying
behavioral trends are often the keys to
long-term investment success. Famous
investor Bernard Baruch was once asked
what behavior made him the most money
in the stock market. He said, “Sitting on my
hands.”
Millennials face a different economy.
They have a federal reserve giving away
money at the lowest rates in modern
history; A growing government dedicated to
taking care of everyone, promising it won’t
cost you a thing...unless you actually work.
And worst of all, Millennials face more
competition for jobs than at any time since
the late 1970s.
Often when discussing the labor-force
participation rate or hearing the argument
against it, it is often dismissed as simply
a function of baby boomers heading off
to retirement. That is certainly true for a
portion of the population, but from the
chart below you can see that people between
the ages of 16 and 54 remain largely
unemployed.
While the unemployment rate has fallen
significantly over the last couple of years
down to 5.6%, Lance Roberts from Street
Talk points out in the accompanying graph
that you would be hard pressed to find
94.4% of the population that “want to work”
are actually “working”.
Not to mention, Millennials have also
faced falling wages. Wages have been falling
or have been stagnant for the last 7 years,
according to the Bureau of Labor and
Statistics (BLS). For wage growth to happen
and for Millennials to feel more confident
about their future we actually need to see
our economy begin to approach “real”
full employment. Right now, according
to the chart, we still have a large pool of
unemployed labor. Ultimately it is a supply
and demand issue. The funny math the
government uses to count employment
forces people into the shadows. Currently,
demand for labor is swamped by the
demand for jobs. This is why wages remain
suppressed and continue to slow the
formation of families by Millennials.
While Baby Boomers continue to face
retirement and Millennials are slow to
mature economically, investors face many
dilemmas due to increasing bureaucracy,
more government programs, higher taxes
and more promises all aimed at solving
issues and protecting a working class that
is not really working. This impact will no
doubt influence your long-term financial
plan. Be sure you are current as the rules are
changing.
Doug De Groote
Managing Director
Located in Westlake Village
800.984.3302 805.230.0111
http://www.Degrootefinancial.com.
De Groote Financial Group, LLC is a federally registered invest-
ment adviser that maintains a principal office in the State of
California. De Groote Financial Group, LLC provides advice
and makes recommendations based on the specific needs and
makes recommendations based on the specific needs and cir-
cumstances of each client. Investing in securities involves risk;
please contact your financial adviser with questions about your
specific needs and circumstances. The information contained
in this newsletter is intended for information only, is not a
recommendation to buy or sell any securities, and should not be
considered investment advice.
MONEYSMART/Rise of the Millennials
RISE OF THE MILLENNIALS—
WILL 2015 BE THE YEAR?
By Doug De Groote, MBA, CFP®