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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (95683)	3/25/2009 7:15:11 AM
From: Little Joe	Read Replies (1) \| Respond to of 116555

That is an amazing story. lj

To: mishedlo who wrote (95683)	3/25/2009 10:10:55 AM
From: Fiscally Conservative	Read Replies (1) \| Respond to of 116555

When towns and cities are built upon the foundation of one single manufactuering initiative it does not take rocket science to understand why that town or city will crumble when that manufactuering initiative is removed.

To: mishedlo who wrote (95683)	3/25/2009 11:16:31 AM
From: THE ANT	12 Recommendations Read Replies (2) \| Respond to of 116555

I think, maybe not now, but in time the dollar will fall and US housing will be very cheap and we will be paying most of the poorly educated class in the US minimum wage and they will live in cities in South Florida,Arizona and places like Flint and we will be a manufacturing power house.I would like to see better for the US people but we have squanderd our wealth and squandered our education and have a political class of sociopaths in power trying to hold a wealth destroying financial system in place.Like Brazil we will not make the needed changes until we have a gun against our head.

To: mishedlo who wrote (95683)	3/25/2009 1:20:06 PM
From: benwood	Respond to of 116555

I was in Salt Lake City last week, and I saw signs of decay everywhere around the downtown cluster -- boarded up buildings, shacks that contained bakeries or other businesses, closed up and un-demolished fast food outlets, one place getting gutted with a sign out front saying, "Thanks for 20 great years!" Only two things appeared to thrive: the gigantic tax-free Mormon enterprise; and massive, huge monuments to the financial bubbles (i.e. new bank skyscrapers). Virtually everything else appeared to be falling apart. And when the banks vacate, or partially vacate, I expect that area to collapse much more obviously. It's worse, even. Nearly all the pedestrians I encountered were drug addicts and winos. And there were very few of those even -- the city downtown area was laid out for autos, and with huge blocks and businesses spread out. So there was virtually no foot traffic anywhere except by the commuter train where I presume anybody so cursed as to work in town, at the temple or the banks, could live somewhere else.

To: mishedlo who wrote (95683)	3/25/2009 1:42:17 PM
From: benwood	1 Recommendation Respond to of 116555

I predicted a few years ago that even thriving cities like Seattle would so burden the next generation with extremely expensive infrastructure demands (a billion dollars worth of stadium, a strongly desired tunnel along the waterfront, huge elevated freeway, floating bridges, a water system near the end of it's usable life) that taxes would become too much of a burden and the exodus would begin, further strangling those who stayed. Cities that survive will be those not requiring an auto, perhaps.