Global economic collapse 'coming to a head' - Mish Shedlock
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7:40
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War baby War the cure. Drill baby Drill and Print baby Print the fuel.
jobedied 1 year ago
So Europe AND Germany are going to weaken their currency? Well, that means that the German mark will do a dive? One moment - the German mark? What an expert...
trakkaton 1 year ago
Pay has been collapsing for a long time, and now it has gotten worse. When I got out of college (with a science degree) 25 years ago, I got a job making in the low 20Ks. It took until I was 38 years old to pass 30K and another decade later I'm just past 40K. We're promoting young people up above me at work, but they still make less than I do anyway so I don't care. Adjusted for inflation, wages are just down, down, down except for the bankers.
JerryGing 2 years ago
Anybody under 30 is well aware of the reality Mish mentions regarding college students competing with Baby Boomers for entry level jobs. Friends that I have that have graduated post-07 are simply in shell-shock at what they find themselves up against to snare entry-level $30K job. As a friend tells me "It's like the bottom 3 rungs of the career ladder have been sawed off. There's NO WHERE to get a hold in this economy".
rizdraver 2 years ago
"This is The Massive Deflationary Scenario" I agree 100%
BringBackCapitalism 2 years ago