20 reasons the US economy is dying & not going to recover

[TraderZones]

Quote from saliva:

According to the Incas, the world will blow up on December 21st (get it?), 2012.

Mayans?

 

[ElCubano]

Quote from TraderZones:

Mayans?

same shit different arrows...

 

[illinimatt81]

Quote from zanek:

Thoughts on this article ?

http://theeconomiccollapseblog.com/...y-is-dying-and-is-simply-not-going-to-recover

My thought is that this is spam in disguise. That webpage is full of cloaked affiliate marketing links.

 

[zdreg]

Quote from TraderZones:

this is all speculation. You cannot try to look into the future and have any clue about how to therefore prognosticate the present.

We are also far more productive and have far more wealth than that time.

one cannot prognosticate the present for 2 reasons:1) the word prognosticate is about predicting the future 2)the present is what it is.

because the world is more productive and wealthy is no guarantee against financial and natural disasters.

 

[Ivanovich]

Quote from zanek:

Thoughts on this article ?

http://theeconomiccollapseblog.com/...y-is-dying-and-is-simply-not-going-to-recover

All I have to do is look at the top of the site's header bar to see the link choices and know this is a looney bin site.

" * Home
* Gold Coins
* Silver Coins
* Emergency Food
* Water Filters
* Alternative Energy
* Home Security
* Personal Security
* MacBooks
* NetBooks
"

 

[Arjun1]

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[Arjun1]

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[jficquette]

Quote from Thermactor:

Some of the reasons he lists are kind of silly.
The ARM reset scare has had everyone I know of with an ARM getting their payment lowered because the rates are tied to some rate like prime, which remains at unheard-of lows.

I had a 2.125% 7 year no interest loan that would have reset this year had I not sold my house in 2004.

Lots of people have those loans (low teaser rates) and rates are not low enough to keep those notes from going up.


John

 

[Ivanovich]

Quote from Arjun1:

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LOL...I love this guy.

 

[TraderTactics]

Quote from zanek:

Thoughts on this article ?

http://theeconomiccollapseblog.com/...y-is-dying-and-is-simply-not-going-to-recover

True as it is but I believe there is still hope. We shouldn't be pessimistic. Each and everyone should work real hard to recover from this recession.

To quote from the article:

Now workers in the U.S. must compete with workers all over the world, and our greedy corporations are free to pursue the cheapest labor available anywhere on the globe. Millions of jobs have already been shipped out of the United States, and Princeton University economist Alan S. Blinder estimates that 22% to 29% of all current U.S. jobs will be offshorable within two decades. The days when blue collar workers could live the American Dream are gone and they are not going to come back.

Main reason why most companies outsource is to get cheap labor and save money and be more competitive, it doesn't mean they are greedy. If they don't do this, they would end up being broke themselves.