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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?


To: DuckTapeSunroof who wrote (70805)10/7/2014 2:54:21 PM
From: LLCF  Read Replies (2) | Respond to of 71588
 
Actually, the economy sux the big one... but wingNutz should look at the context...

1.) we're competing with Chinese labour (duhh... jobs aren't coming back! Too funny... doesn't anyone actually study ECON in school?)

2.) i rates have been zero forever (we're in a depression and the fed has chased every last nickel from every widow and orphan into the stock market or other gambling casino's) making losing start ups look promising on the spread sheet... creating a lot of "false jobs" which will vanish the minute rates tick up and money speculative investments stop flowing.

2.5) The low rates creating real estate boomlet and false construction.

3.) unemployment is WAY higher than stats show.

4.) Huge numbers living hand to mouth with no cushion.

Essentially as soon as the money give-a-way (by fed) ends, all legs of the stool implode at the same time. There are no un-rotten legs left!

DAK