The Affordability Crisis

This is something we can all relate to.

Not everybody was concerned when abortion rights were diminished. Males, those outside the reproductive window… Birth control and abortions are critical to women of childbearing age, but everybody? No.

Immigration… Some people are concerned that illegal immigrants are taking away jobs. Then again, there are those living in states with many illegal immigrants who do the jobs citizens don’t want to. They are not that concerned with illegal immigration.

But high prices? Those affect us all!

Unless you’re rich. But the rich have taken an image hit. Look at Elon Musk and DOGE… Musk has been revealed to a myopic narcissist, someone hard to believe in.

As for the rest of the billionaires, the ultra-wealthy… There was a story in the “Wall Street Journal” today how they are able to make investments in private companies before they go public, reaping even more wealth.

“Inside the Invitation-Only Stock Market for the Wealthy – The buzziest private companies are being sold to a select few as the universe of stocks everyone else can invest in shrinks rapidly”

Free link: https://www.wsj.com/finance/investing/private-stock-market-growth-bb71bde1?st=GRwgpS&reflink=desktopwebshare_permalink

And if you don’t think the wealthy are afraid of the hoi polloi whilst they rig the economic landscape to their advantage, you’re wearing blinders.

Income inequality has been burgeoning since the eighties. And all those holding the short end of the stick are told is how good they’ve got it, with smartphones and flat screen TVs…I mean how broke can you be? Can’t you just shut up and be happy?

You may not be aware of the fact that Gen Z brought down the government of Bulgaria:

“‘Did We Do That?’ Gen Z Protesters Help Tip Balance Against Bulgaria’s Leaders – Young Bulgarians turned out in protests that helped unseat their government. Whether that will translate into higher turnout in upcoming elections is up to them.”

Free link: https://www.nytimes.com/2025/12/12/world/europe/bulgaria-young-protesters-gen-z.html?unlocked_article_code=1.8k8.qcU_.QM9tU4Io971_&smid=url-share

Past is prologue. Gen Z brought down the governments in Nepal and Madagascar. And are testing the limits in Indonesia and Morocco.

The internet works everywhere. And the youngsters across the ocean are not radically different from those over here.

From the above NYT article:

“‘People who once scrolled through TikTok for entertainment are now using it to stay informed and become politically educated…'”

Fifteen years ago, change was fomented on Twitter. But that platform was deemed legitimate because the reporters for traditional news outlets were not only enamored of it, but addicted to it. They do not feel the same way about TikTok. Scratch a TikTok hater and you’ll be stunned to find out the person has never even been on the platform. Meaning Gen Z can operate there with impunity, in plain sight. Talk about a generation gap.

So, does the seizure of an oil tanker bother you? How about the National Security Strategy report beating up Europe and claiming that right wing patriots will be supported in the future? There’s an endless litany of actions that have segments of the public scratching their heads. But not all of the public.

Like the affordability crisis. Everybody needs to eat, everybody sees high prices. And then Donald Trump, poorly employing Steve Jobs’s reality distortion field, said there is no problem there is no affordability crisis, BECAUSE HE SAYS SO!

Hmm…

Once again, along with your smartphone and flat screen you’re supposed to be happy the stock market is burgeoning, even though you own no stock. When Trump lies it mostly rolls off of the shoulders of the public, but not this time.

And if you think this is a right versus left issue, Republican versus Democrat, you’re sorely mistaken.

The bottom line is we have a large portion of the public that is disaffected, that has no time for either party, thinks they’re both out of touch. Which is true. In hindsight, the lack of a primary and the anointment of Kamala Harris hurt the Democratic brand irreparably. As for the future… All we can see is the usual suspects, many of them aged, telling us to wait for the next election. Well, Gen Z can’t wait! Furthermore, for those who don’t believe in the system, is a free and fair election going to take place? Is the winner going to respond to their issues and problems?

Of course not.

What we are seeing is a generational war, which oldsters, Boomers and Gen-X’ers, cannot fathom. After all, they grew up hip! They wear their children’s clothing. Their parents were old farts, but not them. But the truth is today’s elders are just as bad as yesterday’s…decrying everything youngsters are into.

As for those youngsters…

Where are the good jobs paying good money such that you can move out of your parents’ domicile, never mind buy a house.

And then there’s the issue of AI… A lot of it paranoia, but the future of work once again looks like winners and losers, with very few winners.

The prospects of the youth are grim.

And for what reason should they have faith in the government? When RFK, Jr. enables a measles outbreak in South Carolina? Yes, a lot of the public is brain dead, but not all of them.

The revolt always starts with the educated, the elite the uninformed decry. Young thinkers with nothing to lose are the ones who will foment change. As for the oldsters? They’ll come along eventually, once they sense the momentum. But they don’t want to be on the front lines, they don’t want to sacrifice anything.

But prior to now, there has not been a universal sentiment, a rallying cry, but now there is. Grocery prices. Prices everywhere! People don’t want a long explanation of why beef prices are so high, they just know they’re stratospheric!

And when you can’t take it any longer, you tip over the table.

That’s what’s in the offing. Just because it hasn’t happened yet, that doesn’t mean it won’t happen at all.

Trump believes he’s winning. After all, he’s got all the branches of government under his thumb, even the Supreme Court. And everybody who works for him is afraid to jump the track, for fear they’ll be ostracized.

As for what happened in Indiana with gerrymandering, the news reports about Johnson’s crumbling support…that’s all inside baseball, interesting to the wonks, those addicted to the news, but not the general public.

Who is looking out for the general public?

And now health insurance rates are going to go through the roof. Sure, a lot of Gen Z will just go bare, but they’ll be aware of the costly alternative. Health insurance will be out of reach, just like the exotic automobiles the out of touch entertainers feature in their videos.

Did you think youngsters would take it forever? That they’d just go on somnambulantly indefinitely?

But the oldsters tell them everything is groovy. The music of today is just as good as that of yesterday. But where is the new Dylan coining aphorisms as pointed as:

“When you ain’t got nothing, you got nothing to lose.”

And there you have it. The outbreak will come from those who have nothing to lose, because they’ve got no assets.

Oldsters protesting in the streets can be ignored. But when the youth come out in droves…that will be notable. Just like Mamdani tying his opponents in knots by utilizing modern communication methods to triumph. Sure, Cuomo was far from a perfect candidate, but he thought it was all about money, he listened to the usual suspects, the same ones still in control of the Democratic party….

No, today you can do it for free! Just like you can create a song on your laptop and put it right up on Spotify, you can post on TikTok and rally the masses. Never has the proletariat had this much power, never!

We ae just waiting for the tipping point. The elephant stands until that one last piece of straw is placed on its back. A rubber band can be stretched only so far before it will break.

We all don’t need to fly private, vacation on Necker Island, but we do have to eat. We have daily expenses, from the gas in our car to our toothpaste… We are all consumers, our nation runs on consumption, without the public buying their wares, the billionaires would be broke!

And no one in power is acknowledging all this. Well, maybe Mamdani, but to most of the nation New York is a distant fantasyland, what happens there has no impact on their life.

But Congress is gridlocked. Trump acts with impunity. The Supreme Court rubber stamps the president’s actions and….

Meanwhile, ICE is a rogue force arresting people in the streets. It’s like we’re living in a police state. And unlike Bill Clinton, who said he felt our pain, Kristi Noem gives the middle finger and says “tough noogies!”

Once again, this is not really a right or left issue. When the government detaches from the people, that’s when the people revolt.

And Trump keeps pushing and life is getting harder and there’s no end in sight.

Something will break, it’s just a matter of what.

Even More Live Album Covers-SiriusXM This Week

Tune in Saturday December 13th to Faction Talk, channel 103, at 4 PM East, 1 PM West.

If you miss the episode, you can hear it on demand on the SiriusXM app. Search: Lefsetz

It’s A Google Problem

So let’s say you want to buy a concert ticket. You search in Google and you see a multitude of offers. All from the secondary market, i.e. scalpers, i.e. brokers. And if it’s a superstar, you may have the ability to purchase a ticket to what is supposedly a sold out show. However, many times the secondary market is offering tickets when primary tickets are still available on Ticketmaster, AXS, whatever ticketing company the promoter is using.

Watch this video:

@thefinanceinfo

Rory Sutherland on the We Have a Meeting podcast explains why Google search is getting worse — and why being “1” on Google isn’t even a win anymore. Search results are now stuffed with ads, so the first thing you click is rarely the best… just the highest bidder. He even paid more for a CTA because it appeared higher on the list, while the Canadian government offered the same thing for far cheaper. And if you search for a hotel? Google shows you five competing hotels before the one you actually wanted. The platform that once simplified the internet is now overwhelming it with options and charging businesses for the privilege. #business #google #marketing

? original sound – The Finance Info

1. This is Rory Sutherland, an English advertising executive who proffers wisdom on TikTok. He didn’t sit down and try to become a famous influencer, it all happened by accident. During Covid one video of him was posted and the public was hungry for his insights and his following burgeoned. This is what we call “pull” instead of “push.” Pre-internet marketing was all about pushing things on people, making them aware of them and getting the public to buy/partake. However, to succeed in the internet world, people must desire you. Push doesn’t work. There are too many marketing messages which are transparent hucksterism and people are turned off. But when they find something they like, they want more and tell everybody about it. This is the essence of success. Something that has been lost in the music business. We’ve got all these acts complaining they’re not getting paid, but if they were great, the public would desire them, they would pull their songs and more, make them a success. But nobody wants to own the truth.

2. Earlier this week I sent a TikTok video of Big Jim’s review of Yang Chow, a restaurant in Chinatown that a group of us go to on a regular basis. One of the recipients said she was not on TikTok. To quote:

“I’m barely engaged in social media. I don’t want to spend more time watching people I don’t know and will never meet. I can barely keep up with my friends and family!”

This is an old school, Facebook/Instagram view of social media. That it’s all about connecting with old friends, people bragging, trying to create FOMO. But no, on TikTok, a lot of the videos are informational. You learn. The algorithm divines what you are interested in and serves it up. You know I’ve got a bug up my ass about this, but I will say it once again, to counter the tide of oldsters…I’ve never heard a youngster complain about TikTok. It’s the oldsters who think it’s the devil. Social media is like AI, it’s here to stay. Furthermore, it has distinct advantages. Why are all the Boomers and Gen-X’ers so self-satisfied? They were addicted to television, but when there’s a new platform they pooh-pooh it. It would be laughable if traditional news and the so-called elite didn’t rail against technology constantly. The internet is the best thing that ever happened to me, I’m connecting with you right now! I can find information in niches that was previously unavailable to me, I can connect with people all over the world. Please change your perspective and get a TikTok account, to watch the videos in this piece, if nothing else.

2.a. Big Jim is a restaurant reviewer who popped up in my feed. He tends to review holes in the wall, unknown places in the San Fernando Valley, the ones no one talks about. I haven’t heard of most of the locations, but he’s piqued my interest. However, he gives a positive review to everything. This is the video on Yang Chow:

@bigjimsbabybites

Yang Chow Chinese Restaurant in Los Angeles, CA. Since 1977 Food Review ?Yang Chow 819 N Broadway, Los Angeles, CA 90012 #Yangchow #chinesefood #losangeles #foodreview #fyp @Jisela Ordaz

? original sound – Big Jim

So Google is a B2B enterprise where the consumer gets screwed. Here’s another Rory Sutherland clip that talks about this:

@wehaveameetingpod

Google is scamming you – Rory Sutherland I searched for a hotel. I wanted that hotel, not six others. There’s a fine line between being helpful and being annoying, okay Google? Full Podcast out soon. Don’t miss it. #RorySutherland #MarketingInsights #EthicalMarketing #AttentionEconomy #SmartAdvertising #HumanMarketing #Google

? original sound – We Have A Meeting Podcast

Bottom line… Google is in cahoots with advertisers who are oftentimes using subterfuge to make their money. Google doesn’t police this whatsoever. As a matter of fact, Google is proud of the fact that it’s all done automatically, online. But, the truth is Google has a responsibility to the consumer to deliver accurate information. However, the secondary market spends a fortune on ads with Google and the tech company looks the other way. The primary market is buried and can’t compete.

All this talk about the secondary market vs. the primary market… How can the primary market succeed if Google is helping the secondary, looking the other way?

The music industry must change its focus. It’s myopic, i.e. the secondary market is bad. It is, but it’s being enabled by Google, which should be shamed into changing its policy.

It’s not only concert tickets. Advertisers purvey all kinds of things for sale at exorbitant rates, far beyond the price the original seller is offering them at. But the original seller can’t compete, because these secondary market enterprises without the underlying costs of the original sellers spend a fortune on Google ads and dominate mindshare.

This can be changed.

Google said “Don’t be evil.”? It’s actively harming the concert industry, and many more verticals to boot!

Bill Schnee-This Week’s Podcast

Producer/engineer Bill Schnee recorded “Aja,” produced Pablo Cruise and so much more!

Apple: https://podcasts.apple.com/us/podcast/bill-schnee/id1316200737?i=1000740832787

https://music.amazon.com/podcasts/9ff4fb19-54d4-41ae-ae7a-8a6f8d3dafa8/episodes/be9dcd4b-4311-4c79-b0e0-f91bcb694465/the-bob-lefsetz-podcast-bill-schnee