1. since the Point of Inflection threads first started here in February 2013, some of their mist basic hypothesis have become confirmed 2. it is now apparent that software and hardware that exploit the telecommunications revolution spurred by Apple will generate large numbers of new extremely wealthy people worldwide every year 3. it is equally apparent that the word's recreational and sexual... [more]
1. since the Point of Inflection threads first started
here in February 2013, some of their mist basic
hypothesis have become confirmed
2. it is now apparent that software and hardware
that exploit the telecommunications revolution
spurred by Apple will generate large numbers of
new extremely wealthy people worldwide every year
3. it is equally apparent that the word's recreational
and sexual playground cities, including Manhattan
and Northern Brooklyn, have become part of a world
sub-economy wherein such cities are more closely liked
to technological innovation and its constant production
of new frequently relatively young nouveau riche than
they are to their respective domestic economies
4. historically speaking when markets have moved up as
sharply and quickly as NYC's RE market they are extremely
vulnerable to quick and extremely sharp downward correctionss
5. barring terrorist disruptor events, NYC's recent boom
is likely to avoid correction and to continue
6. however, the underlying American and European
economies are continuing t hollow up with what
in the long-term could be constrictive effects
7. according to recent WSJ articles about 1/2 of
Europe's jobs could be displaced by robots or
software within the next few years
8. that is similarly true here in America
9. the WSJ also reported recently that a JP Morgan
Chase evaluation of 100,000 customers accounts
led to the conclusion that 80% of Americas now
live paycheck to paycheck, i.e., have become the
21st century equivalent of Karl Marx's lumpen
proletariat
11. that hollowing out/lumpenization of the Americn
economy presents a direct threat to the survival of
democracy and capitalism in American, and could
result in confiscatory tax regimens which kill the
golden goose of $5,000/sq.ft. real estate
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