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Indeed. Financial implosions tend to have bad effects on the political system. If this situation does lead to financial problems the effects probably won't just

Indeed. Financial implosions tend to have bad effects on the political system. If this situation does lead to financial problems the effects probably won't just be limited to China.

mywittyname 8y ago
> Financial implosions tend to have bad effects on the political system This is the primary driver behind my suspicion that some form of financial crisis the US economy has begun, but it's not yet visible when people look at the fundamentals. Unemployment is great, wages are rising, assets prices are growing, etc. According to the indicators, the economy is as healthy as it can be. But our political situation suggests something is awry, people are way more pissed off than they should be.
- smileysteve 8y ago
  > According to the indicators, the economy is as healthy as it can be. Unless your indicators include wealth inequality, personal bankruptcies, wage stagnation, infrastructure repair costs.
  - mywittyname 8y ago
    I meant them to be the indicators listed immediately preceding that statement. You can't deny that most people are saying the economy is doing very well. Unemployment is low, wage growth is happening, large business profits and revenues are up, manufacturing activity is high, retail sales are the highest they've been. Just about every economic indicator captured by the US Census Bureau is very strong. But people are still pissed the fuck off.
    - warmwaffles 8y ago
      > But people are still pissed the fuck off. It's possible that people being angry and the economy are not connected. We've never been able to communicate as fast as we have in the past. Right now we live in a culture of "what to be outraged about next". Best thing to do, is not participate in the toxic culture.
      - thelasthuman 8y ago
        https://m.youtube.com/watch?v=rE3j_RHkqJc https://m.youtube.com/watch?v=rE3j_RHkqJc
- sjg007 8y ago
  Wages are not keeping pace with housing.

Indeed. Financial implosions tend to have bad effects on the political system. If this situation does lead to financial problems the effects probably won't just be limited to China.

mywittyname 8y ago

> Financial implosions tend to have bad effects on the political system This is the primary driver behind my suspicion that some form of financial crisis the US economy has begun, but it's not yet visible when people look at the fundamentals. Unemployment is great, wages are rising, assets prices are growing, etc. According to the indicators, the economy is as healthy as it can be. But our political situation suggests something is awry, people are way more pissed off than they should be.

smileysteve 8y ago
> According to the indicators, the economy is as healthy as it can be. Unless your indicators include wealth inequality, personal bankruptcies, wage stagnation, infrastructure repair costs.
- mywittyname 8y ago
  I meant them to be the indicators listed immediately preceding that statement. You can't deny that most people are saying the economy is doing very well. Unemployment is low, wage growth is happening, large business profits and revenues are up, manufacturing activity is high, retail sales are the highest they've been. Just about every economic indicator captured by the US Census Bureau is very strong. But people are still pissed the fuck off.
  - warmwaffles 8y ago
    > But people are still pissed the fuck off. It's possible that people being angry and the economy are not connected. We've never been able to communicate as fast as we have in the past. Right now we live in a culture of "what to be outraged about next". Best thing to do, is not participate in the toxic culture.
    - thelasthuman 8y ago
      https://m.youtube.com/watch?v=rE3j_RHkqJc https://m.youtube.com/watch?v=rE3j_RHkqJc
sjg007 8y ago
Wages are not keeping pace with housing.