We make very little now. We sell Chinese trinkets and Jap cars to one another. Our children belong to the state and are fat, dumb, and ignorant of the way the world works. Our safety net is being bankrupted by fast buck artist and their whores in the political system. The elites buy Manhattan penthouses and complain about the lousy service they get from the cities.
No one seems to have a clue how to fix the rot.
keeping our heads down and saving our cash, ramping up our credit, and preparing for inflation to march on in the near future, is a the only protection we have. Big booms lead to big bust, lead back to big booms. Once the government gets to printing money in fear not much else they can do but ride it out.
Expect a repeat of the 2003-2007 in houses and stocks as all these gangsters ramp up and reinflate the bubble. Then we'll see an even bigger bust..... about the same same time we boomers retire in droves and sell our assets to eat.
I'm going to have a business on the side to tide me over. Why give the fuckers my tax money?
How about you?
Guest Post: One Reason that the Stock Market is Rising While Unemployment is Soaring « naked capitalism
No one seems to have a clue how to fix the rot.
keeping our heads down and saving our cash, ramping up our credit, and preparing for inflation to march on in the near future, is a the only protection we have. Big booms lead to big bust, lead back to big booms. Once the government gets to printing money in fear not much else they can do but ride it out.
Expect a repeat of the 2003-2007 in houses and stocks as all these gangsters ramp up and reinflate the bubble. Then we'll see an even bigger bust..... about the same same time we boomers retire in droves and sell our assets to eat.
I'm going to have a business on the side to tide me over. Why give the fuckers my tax money?
How about you?
Guest Post: One Reason that the Stock Market is Rising While Unemployment is Soaring « naked capitalism
Don’t American Workers Win?
The fact that companies based in America are raking in profits from sales abroad is good for American workers, right?
No.
Gross points out that American workers don’t benefit because a lot of the goods sold abroad by American multinationals are made abroad:
If companies participated in foreign markets primarily by exporting U.S.-made goods, this shift would be good news for the U.S. economy and workers. But that’s not how it works. In fact, in the months after the global credit meltdown, U.S. exports plummeted. They bottomed in April, at $120.6 billion, and though they have been rising, the August 2009 total is still 20 percent below the August 2008 total. Globalization is changing the way we do business. It’s not a matter of U.S. companies exporting goods—burgers, soda, cars, software—made in the United States to Beijing but rather, making goods overseas and selling them overseas…
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