| Author | Message | ||
     Sanman Side Hero Username: Sanman Post Number: 3803 Registered: 08-2010 Posted From: 66.177.5.103 Rating: N/A |
it just means there will be adjustment back to middle class market. luxury market will thrive only after basics/comfort needs are satisfied. although i think it is too much simplification. just a theory that will reveal in hindsight after a few decades i am a palanquin bearer. it doesn't matter who is in it as long as it someone from the same family. in olden days i used to get paid for it. but now i just work with the goal of becoming the head palanquin bearer of the household | ||
| Tenali_rk Side Hero Username: Tenali_rk Post Number: 5476 Registered: 05-2008 Posted From: 96.255.7.218 Rating: N/A |
Luxury labels are doing great, and bottom-tier discount labels (Target, WalMart) are doing great. But all those step-up businesses that cater to the middle class -- which I'll define as folks with reliable discretionary money -- are suffering. Rajesh Post, 33027: Apaartham chesukune aadadhi, Artham chesukoleni magaadu DB lo vunna okate, lekunna okate | ||
| Tenali_rk Side Hero Username: Tenali_rk Post Number: 5475 Registered: 05-2008 Posted From: 96.255.7.218 Rating: N/A |
Kevv... Quote We were all drinking the Koolaid, Greenspan was tending bar, Bernanke and the academic establishment were supplying the liquor, Deutsche Bank managing director A. Kapur wrote in a research report in 2009 Rajesh Post, 33027: Apaartham chesukune aadadhi, Artham chesukoleni magaadu DB lo vunna okate, lekunna okate | ||
| Sanman Side Hero Username: Sanman Post Number: 3802 Registered: 08-2010 Posted From: 66.177.5.103 Rating: N/A |
you make it sound like the jobs are limited. there is no limit to comfort/luxury catering jobs if basic jobs are taken up. man keeps coming up with shiny things every year. if steve jobs were't born that many people wouldnt be jobless they would be working on other shiny things i am a palanquin bearer. it doesn't matter who is in it as long as it someone from the same family. in olden days i used to get paid for it. but now i just work with the goal of becoming the head palanquin bearer of the household | ||
| Tenali_rk Side Hero Username: Tenali_rk Post Number: 5474 Registered: 05-2008 Posted From: 96.255.7.218 Rating: N/A |
How the middle class became the underclass re you better off than your parents? Probably not if you're in the middle class. Incomes for 90% of Americans have been stuck in neutral, and it's not just because of the Great Recession. Middle-class incomes have been stagnant for at least a generation, while the wealthiest tier has surged ahead at lighting speed. In 1988, the income of an average American taxpayer was $33,400, adjusted for inflation. Fast forward 20 years, and not much had changed: The average income was still just $33,000 in 2008, according to IRS data http://money.cnn.com/2011/02/16/news/economy/middle_class/in dex.htm Rajesh Post, 33027: Apaartham chesukune aadadhi, Artham chesukoleni magaadu DB lo vunna okate, lekunna okate | ||
| Tenali_rk Side Hero Username: Tenali_rk Post Number: 5473 Registered: 05-2008 Posted From: 96.255.7.218 Rating: N/A |
Free trade has been a disaster for the majority of Americans. At the end of the day, it is nothing more than wage and cost-of-living arbitrage -- sending work and jobs to places where the wages are lowest. But sooner or later, that backfires because eventually the people from whom these jobs were taken no longer have the money to purchase the goods and services they used to produce, and the market dries up. It takes a while, but it is what is happening now This policy is a major factor in America’s increasing inequality, rising indebtedness, community abandonment, and the weakening of the industrial sinews of our national security Rajesh Post, 33027: Apaartham chesukune aadadhi, Artham chesukoleni magaadu DB lo vunna okate, lekunna okate | ||
| Sanman Side Hero Username: Sanman Post Number: 3801 Registered: 08-2010 Posted From: 66.177.5.103 Rating: N/A |
could you explain more. are you talking about opening up US market to foreign companies ? in my opinion free trade helped US on the way up. not sure why you think it is causing its fall there cant be just one thing to blame, i am sure it is multi-faceted these are the reasons i see for current situation - 1)Bill clinton's rajiv swagruha scheme 2)Public funded welfare schemes and bailouts leading to higher taxes 3)Low interest rates for too long 4)Inflationism 5)Wars things that saved it so far and will continue to in future 1)$ 2)still an innovation hub 3)washington's ability to be hypocritical on world stage i am a palanquin bearer. it doesn't matter who is in it as long as it someone from the same family. in olden days i used to get paid for it. but now i just work with the goal of becoming the head palanquin bearer of the household | ||
| Tenali_rk Side Hero Username: Tenali_rk Post Number: 5472 Registered: 05-2008 Posted From: 96.255.7.218 Rating: N/A |
Ross Perot Sir......Take a bow.....in 1992 elections as a a third party candidate you warned everyone about the the downsides of Free Trade You were so right about NAFTA and the giant sucking sound comment you made.......the only difference that sound is coming from China ( and India though very small).....not Mexixo The giant sucking sound was United States Presidential candidate Ross Perot's colorful phrase for what he believed would be the negative effects of the North American Free Trade Agreement (NAFTA), which he opposed. The phrase, coined during the 1992 U.S. presidential campaign, referred to the sound of U.S. jobs heading south for Mexico should the proposed free-trade agreement go into effect. http://en.wikipedia.org/wiki/Giant_sucking_sound Rajesh Post, 33027: Apaartham chesukune aadadhi, Artham chesukoleni magaadu DB lo vunna okate, lekunna okate | ||
| Entikaburlu Comedian Username: Entikaburlu Post Number: 1670 Registered: 07-2011 Posted From: 67.247.83.224 Rating: N/A |
Real wages of Americans started decling in late 90's. One of the main reasons was productivity gains, and the other reason was the rising health cost. According to Greenspan, he used to be happy that the low interest rate regime he presided over compensated that to some extent, and opined that the enhanced home ownership and rising asset values (DOW and Real Estate) would compensate them, and every one will live happily ever after. But we all know what happened. | ||
| Tenali_rk Side Hero Username: Tenali_rk Post Number: 5471 Registered: 05-2008 Posted From: 96.255.7.218 Rating: N/A |
My comments: Every leading civilization goes down step by step.....Now US down slide is irreversible....Free Trade( not Fair Trade) espoused by US is now taking its toll of the its citizens By CONOR DOUGHERTY The income of the typical American family—long the envy of much of the world—has dropped for the third year in a row and is now roughly where it was in 1996 when adjusted for inflation. The income of a household considered to be at the statistical middle fell 2.3% to an inflation-adjusted $49,445 in 2010, which is 7.1% below its 1999 peak, the Census Bureau said The Census Bureau's annual snapshot of living standards offered a new set of statistics to show how devastating the recession was and how disappointing the recovery has been. For a huge swath of American families, the gains of the boom of the 2000s have been wiped out. Earnings of the typical man who works full-time year round fell, and are lower—adjusted for inflation—than in 1978. Earnings for women, meanwhile, are a relative bright spot: Median incomes have been rising in recent years and rose again last year, though women still make 77 cents for every dollar earned by comparably employed men. http://online.wsj.com/article/SB1000142405311190426550457656 8543968213896.html?mod=ITP_pageone_0 Rajesh Post, 33027: Apaartham chesukune aadadhi, Artham chesukoleni magaadu DB lo vunna okate, lekunna okate |
