iamwhatiseem
Diamond Member
What say you?
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
While I agree Obama is a clueless incompetent in economics I don't see any GOP hopefuls who are significantly better more like different delusions and better at administration.Things will be get better in 2013- right after we retire Obama.
What say you?
The Chinese labor shortage of unskilled workers has already started biting according to CNN money. That problem which is general for Eurasia except the oil rich Middle-East will lead to insourcing to the US. Likewise the industrial base of Mexico is being destroyed by the cartel wars which will also lead to insourcing. I doubt the employment increase will keep pace with population growth but it will fulfill the criteria you have set because labor mobility is so low in the US and no one wants to build factories in high tax states. Many big states now will be small states after the 2020 census and will default. Also there are already 9 years worth of foreclosure in the pipeline and that will have to be resolved as well.Nothing will improve until jobs that people with limited education and skills can do and make decent money doing come back.
There are just too many variables for me to predict 2015 in other than generalities.
With the coming Muni Bond bust, probable Default on some or all of their Debt by IL and CA, as WTW wrote-9 years of foreclosures which will probably accelerate upwards with the Layoff of a million + Public Sector Workers..................
Continued migration out of the Blue States into the lower taxed States by business..........
Almost certain Retirement age increase to 70 (over 10 years) by 2015 plus Entitlement to Medicare moving in lockstep to 70......................
Increased Personal Bankruptcies will march hand and hand with foreclosures and the subsequent divorce rate moving upwards.
Public Unions finally taking it in the ass with the rest of us by 2015 as reality sets in and Bankruptcy Judges so order...........................
Which leads to a tighter and tighter death spiral....................
Which will lead to the foregone inevitability of "Balkanization" as the Empire implodes.......
ahoy iamwhatiseem!
matey, i just wanted to wish yerself and the mighty imperator fair skies and smooth seas.
i liked debatin' both of ye, and miss ye both.
took me a while to find ye, aye it did.
*waves*
- MeadHallPirate
(...) muni bond bust (...)
(...) muni bond bust (...)
Unbelievable how you can train-crash a country in such short timeframe.
(...) muni bond bust (...)
Unbelievable how you can train-crash a country in such short timeframe.
(...) muni bond bust (...)
Unbelievable how you can train-crash a country in such short timeframe.
Make good use of that popcorn you're munching on and watch the segment on the net.
(...) muni bond bust (...)
Unbelievable how you can train-crash a country in such short timeframe.
More like 40-50 years:(...) muni bond bust (...)
Unbelievable how you can train-crash a country in such short timeframe.
We been crashin for at least a decade.
Takes a long time for something as massive as the US economy to wind down, but ti will be equally as slow to spin back up even if we do the right things, which I doubt we will.