Year over year growth of 2.4% is nothing to write home about.... but “imploding”? Sensational headline alert.
> The only people not experiencing a recession are corporate executives enriching themselves through stock buybacks, Wall Street bankers using free Fed Bucks while rigging the the markets in their favor, politicians and government bureaucrats reaping their bribes from billionaire oligarchs, and the media toadies who dispense the Deep State approved propaganda to keep the ignorant masses dazed, confused, and endlessly distracted by Cecil the Lion, Bruce/Caitlyn Jenner, Ferguson, and blood coming out of whatever.
But he is dead on ^
I’ve been looking a lot at the types of jobs available; part-time, subcontractors, low wage paying jobs, etc...all of which provide little income; certainly not enough to take of even hour own bills let alone a family. You’d pretty much have to be living with someone and not paying rent and definitely not a mortgage. The only decent paying jobs are the specialized fields like the medical profession, government jobs that require a higher education and substantial job experience, and very specialized technical skills. Those jobs don’t stay open long and there are obviously a whole lot of applicants. The economy isn’t affecting the high and mighty very much. Been there before myself. They don’t feel the same pain at all. I have been at both spectrums in my life so I think I do have an inkling of where their head is at...