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POPSTrends of a Bad Economy Regretfully the article didn't give us current year stats for many of their points. That would have allowed us to decide how many "green shoots" there truly are. Other than that, the article is really a great read
3
POPSChina grows while the West continues it's descent Over the past ten years, under the radar and the "global economy" BS, they sent their suppliers jobs to China. Now, there customers are there. Which will work fine until the day the Chinese slam shut their borders-keeping our technology, investments and products. Wake up people. This mess is not "subprime mortgages". It is lack of family supporting JOBS. And I'm not talking about the whineass UAW workers jobs. Continue allowing the government to shove high tech and globalization down your throats. Harsh poverty is coming. This is going to make the "Great Depression" seem like a walk in the park.
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POPSPlease quit listening to "expert"! Wow, wish I lived in these people's world. Unemployment is skyrocketing every day, people are being moved from full time to part time (could you pay your mortgage on 50% of your pay?), and this guys thinks that a "moratorium" on foreclosures will help? Banks are barely issuing mortgages NOW, you allow this to happen and they will stop altogether. And finally, the reason December sales "grew" was because of nationwide AUCTIONS. This is not a positive. We are not 3/4s of the way through, we aren't even 1/2 way there. Hope you all are stashing cash (at home, not banks) and stocking up on food, when all these foolhardy plans are finally stopped-as they will have to be-we will see the real trouble.
13
POPSWhy no one listens To bad news. This article contains an interesting chart showing how the "experts" were 90% bullish on the economy in November 2007, a mere 90 days before the bottom started falling out. And we continue to listen to those people. Makes me feel we deserve the world of hurt that is going to rain down on us. I just don't want to live through it, but I am preparing-as best I can.
7
POPSEconomy: How much proof do we need... Iconic glass/china maker Wedgwood is basically bankrupt. Note the number of employees that make living wages (those IN England/Ireland) and those that make pennies an hour/day. Our economy is crashing because over the past couple decades the world's best CUSTOMERS have lost living-wage paying jobs. Our middle class existence has been offshored. Our rich have gotten richer, we have given our futures to third world countries. Jokes on the experts. The world's best customers are unemployed, credit denied and becoming homeless. Buy local, the job you save may be your own
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