Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Dan3 who wrote (108442)	2/18/2010 12:45:07 PM
From: mishedlo	6 Recommendations Read Replies (3) \| Respond to of 116555

why don't we fix the problem? The concept of "living wage" is ridiculous as typically presented. 1) The first problem is that it's not how much one makes, but how far the dollar goes. The dollar does not go far far because of inflation, rampant government spending, bad policies, etc etc. 2) The second problem is people think "living wage" means an SUV every 4 years, a huge home, eating out, eating poorly, guaranteed this, and guaranteed that. Mish

To: Dan3 who wrote (108442)	2/18/2010 9:11:20 PM
From: Cogito Ergo Sum	Respond to of 116555

The problem is folks want stuff.. everyone wants stuff.. the more stuff the better.. so easy credit and cheap imports gave lots of folks lots of stuff they wanted and thought they needed.. Now of course stuff on ever expanding credit and hopefully ever rising assets is unsustainable.. and the unforeseen stuff like outsourcing jobs off continent.. So lots of stuff loses value and then folks can't manage their credit and can't buy the other stuff they think they need.. If everyone gets a living wage.. we will all be living but that leaves the issue of how to afford all the stuff we think we need.. Probably the entire system needs to get stuffed and then we can start over with less stuff.. and maybe find stuffless happiness.. :O) TBS EDIT: Great hockey game between Canada and the Swiss... those Swiss aren't cheese.. all tied 2 up..