Article

2016-09-06 Economy

These are the signs of an economic collapse

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Posted by g(r)omgoru 2016-09-06 03:38|| || Front Page|| [11128 views ] Top

#1 Your local hospital ER looks like a giant Cinco de mayo festival.

Posted by Besoeker 2016-09-06 05:34|| 2016-09-06 05:34|| Front Page Top

#2 The only people secure in their jobs are public functionaries, and they make more than regular people in the private sector do.

Posted by no mo uro 2016-09-06 05:49|| 2016-09-06 05:49|| Front Page Top

#3 @no mo uro
EXACTLY. Economies are murdered by rent-seeking of all kinds, they do not "collapse" without cause.

Posted by Bright Pebbles 2016-09-06 07:10|| 2016-09-06 07:10|| Front Page Top

#4 no mo uro, you are exactly right.

When I was first looking for a real job 40+ years ago my father taught me that a gov't gig didn't pay great but the security was invincible. Now it pays great AND the security is invincible.

Such a deal!!

Posted by AlanC 2016-09-06 07:40|| 2016-09-06 07:40|| Front Page Top

#5 Are you making as much money annually as you did 10 years ago?

Yes, but it's worth a lot less.

Posted by Mullah Richard 2016-09-06 08:26|| 2016-09-06 08:26|| Front Page Top

#6 ...its called 'quantitative easing'. Back in Rome it was called debasing the currency.

Posted by Procopius2k 2016-09-06 08:43|| 2016-09-06 08:43|| Front Page Top

#7 Your local hospital ER looks like a giant Cinco de mayo festival.

I resemble that remark.

Posted by Abu Uluque 2016-09-06 11:21|| 2016-09-06 11:21|| Front Page Top

#8 The only people secure in their jobs are public functionaries, and they make more than regular people in the private sector do.

Mickey Kaus said a long time ago - 'The deal used to be low pay in exchange for security.' It'song past time to alter the deal, and they should pray that it is not altered further.

Posted by Raj 2016-09-06 11:45|| 2016-09-06 11:45|| Front Page Top

#9 The unemployment rate highly touted by the Obummer administration is a number that can't be relied upon. The labor participation rate is the lowest since 1970. Many of the jobs are B.S. jobs. Jobs have been cut back and hours cut because of Obamacare; thus people have to work two or three jobs to make out. The stock market is good for Wall Street and not for Main Street.

Posted by JohnQC 2016-09-06 12:20|| 2016-09-06 12:20|| Front Page Top

#10 It happens city by city, region be region. Detroit is just the canary in the coalmine.

Posted by Iblis 2016-09-06 19:47|| 2016-09-06 19:47|| Front Page Top

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