Pretending that a depression is not coming is really poor investment advise.
Interest rates are rising and even at just the small amount it has is ready bottoming out the mortgage market.
Between the the various city state and municipal governments being in did financial do-do the raising interest rates will soon be eating up the lion share of their tax revenues they will either have to raise taxes, which they already have raised again or again or cut spending to the bone.
The era of free money from eh FED can’t not continue, but when it stops the economic repercussions will be worse than a crackhead going cold turkey.
With nearly 50 million Americans on food stamps, 100 million on welfare, and no economic progress in sight, it won’t be long before the world as we have come to know it changes drastically.
When you go through the real numbers unemployment level– when part-time workers are included– is 14.3%–meaning that one in seven of every potential full-time employee in the U.S. economy is not able to earn a proper living wage–and thereby contribute to the snails-pace of economic growth.
It’s been months since even enough jobs were created to cover new people entering the workforce, much less jobs for those who are out of work the the types of jobs being created are overwhelmingly low paying what we use to call entry level positions and part time jobs. The part time will only grow as business are force to avoid the cost of Obamacare to make ends met.
And every day the Federal government its digs the debt hole just that much deeper, They are so deep now they have just about come out the other side.
I could go on, but believe me you ain’t seen nothing yet like what’s a coming.
The unemployed are called slackers, and the economy does not depend upon slackers.
If you go back in Time merely to the 1970’s you will see that women entered into the work in large numbers.
Current slackers are simply returning the workforce back to the Historical norm of one worker per family unit...although it isn’t going back to the 1960’s gender bias.
Which is to say, unemployment and the economy will grow. It is to be expected.
Rising interest rates are a sign that our economy has recovered.