The economy is not just the stock market. I think/hope the fundamentals in the U.S. are strong, no subprime mortgage mess lurking like 2008 (I hope). From what I've read other parts of the world have been in a slowdown/downturn for some time now.
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The economy is not just the stock market. I think/hope the fundamentals in the U.S. are strong, no subprime mortgage mess lurking like 2008 (I hope). From what I've read other parts of the world have been in a slowdown/downturn for some time now.
Contributor
-Originally Posted by Curt Harms
Student loan debt, high corporate debt, health care costs, income inequality, and pension fund under-funding are all waiting in the wings to contribute to the next big one. Will it be now? Who knows. But when it comes, I'm betting it will be bad and long.
--I had my patience tested. I'm negative--
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The fundamentals have never been good. A huge debt and wealth imbalance means when the recession hits, we'll all realize we had it coming.
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.. and everything that was put in place to prevent it, has been since undone.
~mike
happy in my mud hut
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If you are in an area of moderate to large population, next time you drive by a homeless encampment ask yourself, "is this what a great economy and full employment is supposed to look like?"
jtk
"A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty."
- Sir Winston Churchill (1874-1965)
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People make their own decisions. Some of them are wrong (albeit a matter of interpretation). It's a free country. No judgement implied.
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Kind of a heartless way to look at it, isn't it?
~mike
happy in my mud hut
Member
No. People "of a certain age" have absorbed this.
How _dare_ you tell me whether I should live a conventional life!? ;^) Have you even read Kerouac?
Last edited by Doug Dawson; 03-10-2020 at 7:10 PM.
Contributor
A local business man told me many of the folks living in tents actually have full time jobs. The wages aren't enough to pay the going rate for housing.
jtk
"A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty."
- Sir Winston Churchill (1874-1965)
Contributor
I was taught a recession is just more production than current demand. But a kid's lemonade stand with a new 200 gallon
tank might not be a recession.
Contributor
I predict that even if the Corona Virus takes off in the USA it will kill less then half the people who die in car wrecks every year. Probably far less then the murder rate as well.
A student is more likely to die in a car wreck walking to school then even get the virus today.
Bil lD.
Member
There are engineers working at Google in the Bay Area who are living in RV's. I don't blame them. I wouldn't work there if you paid me to (it would have to be a kings ransom.)
Member
the true measure of any society can be found in how it treats its most vulnerable members;
Mahatma Gandhi
Contributor
Dying in a car wreck while walking?A student is more likely to die in a car wreck walking to school then even get the virus today.
Sorry, that was just too good to let it slide by.
jtk
"A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty."
- Sir Winston Churchill (1874-1965)
Contributor
No idea if the statistic is right, but pedestrians definitely can be run over by cars.Dying in a car wreck while walking?
Sorry, that was just too good to let it slide by.
jtk
I heard one of the presidential candidates talking about 500,000 homeless (no idea if that statistic is right either, but it is what he said and from what I understand about his campaign if he was going to spin the number he would be spinning it up, not down).
In a country of 350 million that would work out to .01 percent. It would be nice if the number was zero, but it is pretty low.
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