stuffthatmatter

10 ms·

31.
by stuffthatmatter 17y ago
3T debt held by foreigners 57T unfunded liabilities (social security, medicare) Retirees will suffer the most.
32.
US National Debt Clock(usdebtclock.org)
1 points by stuffthatmatter 17y ago|1 comments
33.
by stuffthatmatter 17y ago
well, if we have hyperinflation, it would crash the internal economy, since everything we do depends on oil in this country, and oil price would skyrocket
34.
by stuffthatmatter 17y ago
you got a point; I think a good mix of industrial/agriculture/service industry is a stable base for any economy.
35.
by stuffthatmatter 17y ago
What? no. You see more realtors after housing prices dropped? You see more car salespeople after car prices dropped?
36.
by stuffthatmatter 17y ago
Becuase we're proved that a economy based on financial engineering and construction and selling each other houses has worked so well?
37.
by stuffthatmatter 17y ago
Ah yes, the American optimism. Obama's hopism. (1) Large opportunities are available for businesses to invest and make money. - where? VCs obviously don't think so. VC down 50% http://www.techcrunch.com/2009/04/17/venture-capital-down-5
38.
by stuffthatmatter 17y ago
Incorrect. With global demand dropping sharply, there's actually not enough work to do. We cranked up the credit machine the past few years to make sure there were enough work to do. Again, too much supply, not enough demand.
39.
by stuffthatmatter 17y ago
I pay very little tax (both in income and spending) and my wealth is not in dollar
40.
by stuffthatmatter 17y ago
What makes you think they'll want to? :)
41.
by stuffthatmatter 17y ago
Google 'food bank shortage' and 'tent city' yourself; there are many mentions in many different parts of countries. Los Angeles, Texas, New York, etc etc.
42.
by stuffthatmatter 17y ago
"We will see state after state, company after company, country after country hit crisis and be bailed out." Who's gonna pay back the bailout?
43.
by stuffthatmatter 17y ago
From a thread down: "Just to name a few of the things we are producing in Ohio..." Yes, but in this worldwide recession, people only buy things that they need. Those things you mentioned are all advanced (want, not need) products, which ha
44.
by stuffthatmatter 17y ago
I'm not being facetious; read 'the walmart effect' on how walmart has encouraged the dismantling of our manufacturing sector. So what else do we produce? remember that we get our oil from middle east, our manufactured goods from Asia, our
45.
by stuffthatmatter 17y ago
Sure I agree...we manufacture debt, and the other countries buy them. Until they don't, since the whole world's making less money. Yes, we make game/tv/movie/porn/internet. But notice that Asia is notorious at pirating them.
46.
by stuffthatmatter 17y ago
"To be honest, I think the recovery will be surprisingly fast" How? Our manufacturing sector has been taken apart in the last 20 years. A large amount of baby boomers are retiring now, cashing out 401k/IRA/social security/medicare.
47.
by stuffthatmatter 17y ago
Agreed, but I bet the masses still believes we're in recovery, because that's what the news media have them believe. Look at all the 'recovery' headlines on the major financial news portals and you'll see. Geithner Sees Evidence of a Finan
48.
by stuffthatmatter 17y ago
actually it's already happening: Southwest Florida food pantries in need as supplies run low http://www.naplesnews.com/news/2009/jul/02/southwest-florida... Sacramento police are shutting down a new homeless tent city http://www.capradio
49.
by stuffthatmatter 17y ago
Actually I believe: There is inflation in things you need (gas, food, energy, utilities) and deflation in things you want (luxury items, car, house)
50.
by stuffthatmatter 17y ago
Actually, there's something that could happen....hyperinflation. That occurs when people lose faith in the currency, and the dollar's worth crashes (People doubt US's ability to pay back its debt)
51.
by stuffthatmatter 17y ago
Agreed. Once unemployment hits 25%, we'll be in the great depression territory (we might be there already) Broader Unemployment Rate Hit 16.5% in June http://blogs.wsj.com/economics/2009/07/02/broader-unemployme...
52.
by stuffthatmatter 17y ago
It doesn't help that: State Tax Revenues at Record Low http://www.nytimes.com/2009/07/18/us/18states.html?_r=1
53.
This Isn't a Recession, It's a Collapse(seekingalpha.com)
69 points by stuffthatmatter 17y ago|77 comments
54.
Health-Care Bill Would Tax High-Income Americans(news.yahoo.com)
1 points by stuffthatmatter 17y ago|0 comments
55.
California small businesses fight for their cash(money.cnn.com)
1 points by stuffthatmatter 17y ago|0 comments
56.
Vanishing middle class at 4M....down from 12M in 2000(nypost.com)
4 points by stuffthatmatter 17y ago|5 comments
57.
34M on food stamps, 15M unemployed, 3M in jail, 51M on SS, 12M on SSD(news.goldseek.com)
1 points by stuffthatmatter 17y ago|0 comments
58.
by stuffthatmatter 17y ago
Isn't it that the head of the household collects the food stamp? That means it could be a multiple of 33.8Million is on the food stamp. Suppose average 4 to a household, that's 135 Million Americans on the food stamp, or 44% of the populati
59.
U.S. Food-Stamp Recipients Reached Record 33.8 Million in April (bloomberg.com)
3 points by stuffthatmatter 17y ago|2 comments
60.
by stuffthatmatter 17y ago
I got modded down? Jeez you guys have no humor. Slashdot's way better

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