money problems

[yqtszhj]

wow just f'n wow

If you think that one was good the follow up was a woman from bawannas area. At 5 she was one of the boat people from Vietnam. When they fled it was her, her 4 year old sister, mother, and grandmother on the boat with other people. When they got on the boat they had poison they would all take if the pirates got them because they would have been sold into sex trade. They made it to Australia and long story short after years of hard work she is some kind orf scientist and invented a cap that goes on a persons head and when plugged into a computer will show brain rythems and allow paralyzed person to move things with their mind. She now lives in Seattle.

The last thing she said is that since now shes married and wants to have children she had concerns. She doesnt want to wish the boat and struggling on them but is afraid they wont have the drive and appreciation she and her family had because her kids won't start out on the boat. Something to think about...

[mr surveyor]

I call BS. The rich getting poorer doesn't cause the poor to get richer. I think your company got ripped off by bad advisors.

I agree 100%!

and I'm certainly not "rich" in the monetary sense.

[yqtszhj]

I call BS. The rich getting poorer doesn't cause the poor to get richer. I think your company got ripped off by bad advisors.

Nope, the middle class getting poorer is due to trade being moved overseas due to cheaper labor. Look at China, India, and the Philippines and that is what he was talking about. There is the evedence of that now. The rich stay rich. Where's the factories and call centers? Not here.... if we're going to make it we need to lead in technology. I've been saying that for years.

[knkali]

If you think that one was good the follow up was a woman from bawannas area. At 5 she was one of the boat people from Vietnam. When they fled it was her, her 4 year old sister, mother, and grandmother on the boat with other people. When they got on the boat they had poison they would all take if the pirates got them because they would have been sold into sex trade. They made it to Australia and long story short after years of hard work she is some kind orf scientist and invented a cap that goes on a persons head and when plugged into a computer will show brain rythems and allow paralyzed person to move things with their mind. She now lives in Seattle.

The last thing she said is that since now shes married and wants to have children she had concerns. She doesnt want to wish the boat and struggling on them but is afraid they wont have the drive and appreciation she and her family had because her kids won't start out on the boat. Something to think about...

Yah I have met a lot of refugees from that part of the world who got a hand out when they came here, got on their feet and kick azzz. Love hearing about successful people who benefit from our system and then contribute back into it. They way it is supposed to work.

[knkali]

I do not worry about my own future, there probably is not that much of it left.
I do worry about those who I will leave behind, and it concerns me greatly.

Not much left? I hope you are wrong there.

[DavidS]

Not much left? I hope you are wrong there.

Thanks for the vote, I hope you are right. I would like to be here for a long time to come, I am REALLY enjoying life these days.
Actually, I do not worry about my own future because I have been blessed with a wonderful life of family, success, and experiences that many only dream of. If it all ended tomorrow, it has been a full life with no regrets and a great ride. If it does not, it is another day of fun.

[OldLincoln]

My pessimistic nature agrees something bad is around the corner. It was there when I was a kid and still here. However the posted chart is not it.

According to that 1929/2014 chart we should be in deep dodo now, yet the DIA hit it's highest Mid July. What about the lowest in March, well that was 1929 but in 2014 while it did dip in March it wasn't near the low which was in Feb. I'm definitely NOT saying this isn't a mathematical dip/rebound on the way to the cellar but the manipulators know. And take it to the bank the market IS manipulated and they suck up individual investors like cannon fodder.

No matter how good your data flow is, it's always at least a second behind those guys. You might get a slice for a while but that's like the slot machine tossing out a few tokens while it empties your pockets. I've been totally out of the market for years and never again.

[O'Dell]

I fear that the American economy cannot be fixed any more. The political parties are so polarized that nothing can get done. They look like the Sunni's and Shiites's, not even willing to negotiate.
The next great presidential candidate may be guaranteed to fix the economy and save us all. However, that candidate my believe gay marriage is wrong and also that abortion should be available on demand. That candidate will never be allowed to be the Republican candidate because of abortion or the Democratic candidate because of gay rights. We would rather cut off our noses and flush the country down the toilet than deviate one iota from our political party's platform. I blame the far right and the far left for this and you might as well call them what they are - extremists.
I have said it before in this forum and got slammed for it, but the only way to get anything done is compromise.

No argument here! The 'social conservatives' will be the death of us all. Do you really think that Obama could have won twice if these idiots hadn't stayed home, and by doing so, handed him the election.

[O'Dell]

Nope, the middle class getting poorer is due to trade being moved overseas due to cheaper labor. Look at China, India, and the Philippines and that is what he was talking about. There is the evedence of that now. The rich stay rich. Where's the factories and call centers? Not here.... if we're going to make it we need to lead in technology. I've been saying that for years.

One move would go a long way in reducing that trend. Pass the FairTax and eliminate corporate taxes!

[JohnR]

Nope, the middle class getting poorer is due to trade being moved overseas due to cheaper labor. Look at China, India, and the Philippines and that is what he was talking about. There is the evedence of that now. The rich stay rich. Where's the factories and call centers? Not here.... if we're going to make it we need to lead in technology. I've been saying that for years.

I see what he's saying, there. I think he's not looking deep enough, though. The developing world will most likely never catch up to the standard of living in America and Europe. I recommend Harry Dent's book Demographic Cliff for the explanation.

The demographic inevitability is that the developed world's population will eventually decrease when the baby boom generation has passed on. The boom created more demand for goods and services from the '50s until the '90s, which we saw as a great growth period. Most people erroneously attributed it to politicians, but they had almost nothing to do with it. To see why that growth period has ended, understand that the average person's spending peaks some time before they retire, then their personal spending plummets. That creates less demand for goods and services among the retired generation (except for health care right at the end), which we are seeing now since 2008. If you were born in 1946 and retired at 65, you retired in 2011. The same is true for Europe. Also Japan, though their cycle already passed and they are in a demographic death spiral.

The generations that followed the boomers are less in number, so it's inevitable that economic demand will fall. That affects China and India, since they are the suppliers for that demand. As we go, they follow. Falling demand means falling prices - deflation.

[Longitude Zero]

Tough times come and go tough people win. Are we in for some rough times probably. Cataclysmic collapse well for the Chicken Little manner of thinking disaster is ALWAYS just around the corner. Unless WWIII breaks out in America my overall assessment is upward and not pessimistic. The smart play is to look at cycles that run in decades or more. Looking at yearly cyclics is a well known uneducated way of looking. Just like the weather look in decades of data not year to year.

[DavidS]

I see what he's saying, there. I think he's not looking deep enough, though. The developing world will most likely never catch up to the standard of living in America and Europe. I recommend Harry Dent's book Demographic Cliff for the explanation.

The demographic inevitability is that the developed world's population will eventually decrease when the baby boom generation has passed on. The boom created more demand for goods and services from the '50s until the '90s, which we saw as a great growth period. Most people erroneously attributed it to politicians, but they had almost nothing to do with it. To see why that growth period has ended, understand that the average person's spending peaks some time before they retire, then their personal spending plummets. That creates less demand for goods and services among the retired generation (except for health care right at the end), which we are seeing now since 2008. If you were born in 1946 and retired at 65, you retired in 2011. The same is true for Europe. Also Japan, though their cycle already passed and they are in a demographic death spiral.

The generations that followed the boomers are less in number, so it's inevitable that economic demand will fall. That affects China and India, since they are the suppliers for that demand. As we go, they follow. Falling demand means falling prices - deflation.

I disagree with that analysis based upon this statement "The demographic inevitability is that the developed world's population will eventually decrease when the baby boom generation has passed on."
The world's population will decrease in its rate of growth and is already doing so. However, the world's population will continue to grow and thus economic demand will follow.

[Longitude Zero]

I disagree with that analysis based upon this statement "The demographic inevitability is that the developed world's population will eventually decrease when the baby boom generation has passed on."
The world's population will decrease in its rate of growth and is already doing so. However, the world's population will continue to grow and thus economic demand will follow.

Agreed. There is NO empirical data that says the world population is doing anything but growing. So is the population of the USA.

[yqtszhj]

I see what he's saying, there. I think he's not looking deep enough, though. The developing world will most likely never catch up to the standard of living in America and Europe. I recommend Harry Dent's book Demographic Cliff for the explanation.

The demographic inevitability is that the developed world's population will eventually decrease when the baby boom generation has passed on. The boom created more demand for goods and services from the '50s until the '90s, which we saw as a great growth period. Most people erroneously attributed it to politicians, but they had almost nothing to do with it. To see why that growth period has ended, understand that the average person's spending peaks some time before they retire, then their personal spending plummets. That creates less demand for goods and services among the retired generation (except for health care right at the end), which we are seeing now since 2008. If you were born in 1946 and retired at 65, you retired in 2011. The same is true for Europe. Also Japan, though their cycle already passed and they are in a demographic death spiral.

The generations that followed the boomers are less in number, so it's inevitable that economic demand will fall. That affects China and India, since they are the suppliers for that demand. As we go, they follow. Falling demand means falling prices - deflation.

Agree. He was saying the same thing. Hard to get all the info from a few hours in a forum post. He also talked about how american students are soft and like to take classes that make them feel good because they can make good grades easily without working too hard and we're not having enough college graduates in engineering, math, and physics students to meet the future need. Too many english and humanities degrees because they are easier.

When the developing countries go from $2 to $10 a day in wages they can now afford food and think its great but they still live in a cardboard house but we're heading the way of europe.

But like longitude said the dude also said the tough people who will work will still win. We're just training too many to be "dependant" which is a big issue. Politicians are an issue because they won't do whats needed to go the right direction b3cause they wont get reelected.

[b4uqzme]

The bad: I am convinced we are heading for another "bubble" bursting. Not just the dot.com companies or the real estate market. This time it will be our entire economy.

The good: Although we will hit rock-bottom, Americans are resilient and will have the chance to cast off all that is bad about our politics and get back to what made us thrive in the first place = hard work and freedom. We were the greatest country in the world when we were still pissing in outhouses and we can do it again.

The warning: This will be toughest on the free-loaders...those who don't believe in hard work or freedom. And they will fight back hard once their meal ticket is taken away.

I think this is the point of the article. It's gonna be tough so...be prepared my friends.