This news item has been barely mentioned in the main stream media. But the implications and unanswered questions are unsettling. Why and Who?...
Like it or not, what the op has posted will be a reality soon. I have run a business, I come from a family that has run businesses, and I know...
Great thread. But we all fall into the trap of treating and measuring the symptoms, ie unemployment, cpi, gdp changes etc... The major cause...
We are constantly making job environment comparisons with the early 80's, the late 70's and the Great Depression. However our methodology for...
Joel Rifkin wrote The End of Work and covers this. Though I have not read it, I am somewhat familiar with it. My view: Other civilizations...
Turkey Buzzards gotta eat too you know.... [img]
I don't live too far from Leeds Point, NJ - the Jersey Devil's birthplace. Speaking from experience, that aint no Jersey Devil. You know how I...
Since when have contrarians been followed by the masses? Isn't that the whole point of being a contrarian - that your position, however logical,...
One day soon we will arrive at the conclusion that many jobs are indeed worthless. They contribute very little and have only grown in size due to...
I agree. but I'll even add more to the list of who loses a job or gets impacted by less revenue: the detailers that kept the cars clean, the...
GDP per capita can be misleading. Ever hear the example: Bill gates walks into a bar - what is the average wealth of everyone in the bar? Well,...
Bad example - Cuba is not socialist as much as it is an economic banana republic dictatorship. The thing about having the same leader for the...
All due respect, that's being simplistic - though you are correct to a degree. However, the tax code has not changed on its own. Lobbyists...
Currently no society has pure socialism or pure capitalism. There is a mix. The question is, how much of each. That said, Sweden treated it's...
I think to view this as solely a credit crisis triggered by an irresponsiby or even maliciously run mortgage industry misses the greater point....
Good point, but you missed something. Europe's prison population is miniscule compared to the US, and they don't have as many active duty...
With all due respect, I think you miss the point. What many people like Taleb are saying is that the fundamentals leading to this crisis are far...
Last summer was very unique. I think the global markets punished the US Dollar prematurely thinking that other currencies would not fare as...
In order to have inflation, the money has to somehow make its way to the average person. How will that happen when you have debt destruction...
I completely agree. The only reason we had many of those jobs was because of the asset based ever-increasing debtload service sector - the FIRE...
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