Does anyone else think a massive crash is incoming?
- Thread starter Nicodimas
- Start date
- Status
"From late 1944 until early 1945, the Japanese launched over 9,000 of these fire balloons, of which 300 were found or observed in the U.S. Some guesswork gives the total number that made the trip at about 1,000. Despite the high hopes of their designers, the balloons were relatively ineffective as weapons, causing only six deaths and a small amount of damage, and they survive in memory mostly as an ingenious and dangerous curiosity."Koshiro said:
:\
Chairman Yang
if he talks about books, you better damn well listen
If everyone who depends on the government is going to be screwed, say goodbye to the private sector.TomServo said:
Christoff Yurievich
Member
something I've never understood about outsourcing (and could never get a straight answer from my management professors): if the jobs aren't here, the workers here aren't getting paid. Sans paychecks, they have no money to buy the goods companies are trying to sell to them. This causes profits to drop and more layoffs and more outsourcing to save money. I just don't understand how anyone thought not paying Americans would make our economy better. Money to spend = money spent.
I know I'm not articulating this as well as I'd like but it's because I'm in a hurry to mow the grass before it rains.
I know I'm not articulating this as well as I'd like but it's because I'm in a hurry to mow the grass before it rains.
JzeroT1437
Member
Nicodimas said:
There was a pretty good article in the last The Economist about the possibility of a crash combined with our current abysmal foreign relations. We're at a turning point where things can either rebound and be in the plus or bottom out and cause a worldwide depression, but regardless, we're still on the decline as the #1 world power. This isn't a bad thing, but Americans will view any place outside of #1 as utter failure, because we're a bunch of egotistical maniacs.
There are a lot of jobs that get outsourced that don't involve physical production. For example, Indian is probably one of the most popular places to outsource IT work. They don't produce anything, all they do is keep the company running smoothly, they get jobs and the company cuts spending. It's Win/Win, for them at least.bune duggy said:
The point about the WWII is just a big ultimate vs proximate cause question and really easy to argue either way. The point is that while it was responsible for getting the US out of the depression, that was the case because it gave us the opportunity to go through massive rationing and enormous manipulation of aggregate demand. It's unfortunate that the lesson out of the situation tends to be that War Is Good For The Economy as an inherent truism, because you really don't need to look very far to see how that isn't true.
I still remember being barely able to pick myself off the floor in 2003 when the posts about "Why hasn't the Iraq War fixed the economy?" started coming in.
I still remember being barely able to pick myself off the floor in 2003 when the posts about "Why hasn't the Iraq War fixed the economy?" started coming in.
funkmastergeneral
Banned
Thank god I don't have to stock up on canned food and water since I have so much left over from Y2k
Christoff Yurievich
Member
What I was trying to get at is that if there aren't that many jobs here in the US as is, getting rid of a few more won't exactly help things. Remember a few years ago when the big "buy American" push was going on? That sort of thing.Halycon said:
If the people who live here can't find a job, they won't have the money to buy stuff with and the economy will go down. And if we aren't producing anything to export, we won't have as many foreign nations buying stuff from us. We certainly can't export our #1 employment category: service jobs.
that's not exactly a good thing. mid 90s growth was largely built on the stock market/tech bubble that then led to the housing bubble.StoOgE said:
housing prices still need to correct quite a bit to get to historical levels, but who knows if Paulson/Bernake want that to happen
Yaweee said:
I completely agree, the only reason I worry about our problems now is because they already highlight the American public's propensity to stick their fingers in their ears and shout "I'm not listening!" when someone starts telling them things that aren't just "America the beautiful."
If anyone thinks the annual budget deficits are bad now, wait until we have to start actually paying into the mythical "Social Security Trust Fund" so that we can pay it out to retirees. There's nothing in the "Trust Fund" except for special-issue, non-marketable bonds, which is government-speak for "IOU". Whenever you hear comments from DC that Social Security is solvent until 2040, they're talking about those IOUs. Social Security starts to run us into the read in within the next decade.
That we've got people seriously discussing adding onto the $40 trillion in unfunded liability with more entitlements (universal health care) is beyond me. Don't get me wrong, I'm not against universal health care in pricinple, but no one has demonstrated how they're realistically going to pay for the entitlement programs we have now, let alone billions, if not trillions, of dollars in additional entitlement spending. Raise the retirement age? SS tax beyond the first ~$100K of annual income? Cut benefits? All of the above? We'll need more than that to stay solvent.
Christoff Yurievich
Member
I blame it all on the boomers.
ElectricBlue187
Member
our economy is so awesome it can survive 8 years of incompetent republican rule
but we do kinda need to elect a democrat, now.
but we do kinda need to elect a democrat, now.
- Status