wither nyc re: point of inflection part iiii

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 [less]