An Inside Look At The Shocking Role Of Gold In The "New Normal"

http://www.zerohedge.com/news/2014-12-04/inside-look-shocking-role-gold-new-normal

The New Normal American Dream: Rents Soar To Record High As Homeownership Rate Plunges To 19 Year Low

Home ownership is plunging, rental prices are soaring, and incomes continue to drop.  This is not a good backdrop for an economy built on discretionary spending.

http://www.zerohedge.com/news/2014-04-29/new-normal-american-dream-homeownership-rate-plunges-19-year-low-asking-rents-soar-r

Lawlessness Is The New Normal — Paul Craig Roberts

http://www.paulcraigroberts.org/2013/07/05/lawlessness-is-the-new-normal-paul-craig-roberts/

On The Dole And Watching The Pole: The New Normal EBT-Card User

http://www.zerohedge.com/news/2013-01-06/dole-and-watching-pole-new-normal-ebt-card-user

Chart Of The Day: The "New Normal" Trade Off - Debt vs Jobs

http://www.zerohedge.com/news/2012-10-08/chart-day-new-normal-trade-debt-vs-jobs

Bill Gross compares deficit spending to flushing money down the toilet

http://sfgate.bloomberg.com/SFChronicle/Story?docId=1376-L69P2S6NKMZJ01-1M2S7D340JHALJ6F809MPJREDH

Pacific Investment Management Co.’s Bill Gross said deficit spending by governments that seek to maintain artificial levels of consumption “can be compared to flushing money down an economic toilet.”

Without acceleration in population growth, developed countries finance more consumption to maintain economic growth, the world’s biggest bond-fund manager wrote in his August commentary today on Newport Beach, California-based Pimco’s website. Leveraged spending, he said, is not a substitute for demand created by people.

“I will go so far as to say that not only growth but capitalism itself may be in part dependent on a growing population,” Gross wrote. “Production depends upon people, not only in the actual process, but because of the final demand that justifies its existence.”

Deficit spending will be unsuccessful in what Pimco calls the “new normal” because deleveraging, re-regulation and de- globalization produces structural headwinds that lead to slower growth and lower-than-average investment returns, Gross said.

Pimco, a unit of Munich-based insurer Allianz SE, managed $1.07 trillion of assets as of March 31.

Employment levels

http://www.zerohedge.com/article/us-economy-will-return-december-2007-employment-levels-2021

...the study concludes that taking into account the approximately 14 million new job seekers in the future, then the December 2007 unemployment rate will not be met until April 2021! Welcome to the new normal. Of course, both of these analyses assume that the economy will immediately commence growing and generating jobs at the recovery rate seen in the 2000s, when about 166,000 jobs per month were being added. With every month that this does not happen the 2021 date will continue being pushed out further into the future.