How's That Recovery Comin?

[otisotisotis]

Originally Posted by hi_im_god

it's undervalued.

that seems to be the consensus...however, with worker's wages on the upswing it won't be long before Corporate America begins to abuse Central American labor.
How will they react to that knowing the debt they hold over average Joe America?

[hi_im_god]

Originally Posted by otisotisotis

that seems to be the consensus...however, with worker's wages on the upswing it won't be long before Corporate America begins to abuse Central American labor.
How will they react to that knowing the debt they hold over average Joe America?

i'm not really sure where you're going with this.

china built an export economy at least partially on the basis of keeping the yuan undervalued. we've been kicking about that for years so i'm surprised it was news to you.

china's massive holding's of american sovereign debt is more of a problem for them than us. what exactly are they supposed to do to punish us? if they sell off, they crash their own economy. it's mutually assured destruction.

[randallscott35]

No Yobs http://www.usnews.com/opinion/mzucke...oks_print.html

[jms62]

Originally Posted by randallscott35

No Yobs http://www.usnews.com/opinion/mzucke...oks_print.html

It is so ****ing simple what the problem is and all they do is scratch their nuts and are preplexed that hiring hasnt come back like it has in the past. In the past there was no concept of outsourcing or importing labor that then applies for Green cards and stays inflating your labor pool. In the past ALL manufacturing wasn't done overseas like most is now. The powers that be ship jobs and sit around and wonder why no one is buying any of their products. And even a bigger problem is the ****ing criminal pols that cant comprehend this basic ****ing problem whilst they take their bribes... er donations from those causing the problem.

[Danzig]

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[randallscott35]

Anecdotes are important.

My dad's barber has been cutting hair for 42 years. He cuts everyone from janitors to executives in all lines of work. He said he "has never seen it this bad." There wasn't one person doing well. Not one person saying business or work is better than a year ago or even remotely similar to 5 years ago. How can that be in a recovery? Surely someone has to be doing well...Unless no one is. Unless you were lied to or refused to see the writing on the wall paper that they tried to use to make it look better. But the rot is pervasive, and the people have woken up, slower than I could have imagined, to the fact that no one is coming to save them.

[jms62]

Originally Posted by randallscott35

Anecdotes are important.

My dad's barber has been cutting hair for 42 years. He cuts everyone from janitors to executives in all lines of work. He said he "has never seen it this bad." There wasn't one person doing well. Not one person saying business or work is better than a year ago or even remotely similar to 5 years ago. How can that be in a recovery? Surely someone has to be doing well...Unless no one is. Unless you were lied to or refused to see the writing on the wall paper that they tried to use to make it look better. But the rot is pervasive, and the people have woken up, slower than I could have imagined, to the fact that no one is coming to save them.

The Elite have gamed the system and are adjusting the rules to suit themselves and only themseleves. The massses are still under the false impression that they have a fair shake because we live in a democracy. They buy the bullshit about a recovery being 6 months out and in 6 months buy again that a recovery is 6 months out.

https://news.fidelity.com/news/news....11165216&IMG=N