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stuffthatmatteron This Isn't a Recession, It's a Collapse

What makes you think they'll want to? :)

stuffthatmatteron This Isn't a Recession, It's a Collapse

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.

stuffthatmatteron This Isn't a Recession, It's a Collapse

"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?

stuffthatmatteron This Isn't a Recession, It's a Collapse

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 has dropped severely in demand. Things we need (oil, cheap stuff, cheap services) are mostly manufactured by other countries.

stuffthatmatteron This Isn't a Recession, It's a Collapse

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 commodities from South America, cheap services from India, etc. Our GDP in the last several years were largely propped up by financial/construction sectors growth, which has mostly disappeared now.

stuffthatmatteron This Isn't a Recession, It's a Collapse

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.

stuffthatmatteron This Isn't a Recession, It's a Collapse

"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.

stuffthatmatteron This Isn't a Recession, It's a Collapse

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 Financial Recovery http://www.nytimes.com/2009/07/17/business/economy/17geithne...

Summers Says U.S. ‘Close to a Level Path’ to Recovery http://www.bloomberg.com/apps/news?pid=20601103&sid=antm...

Fed's Hoenig says U.S. recovery to be very slow http://www.reuters.com/article/ousiv/idUSTRE56D6CK20090714

stuffthatmatteron This Isn't a Recession, It's a Collapse

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.org/articles/articledetail.aspx?articlei...

stuffthatmatteron This Isn't a Recession, It's a Collapse

Actually I believe:

There is inflation in things you need (gas, food, energy, utilities) and deflation in things you want (luxury items, car, house)

stuffthatmatteron This Isn't a Recession, It's a Collapse

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)

stuffthatmatteron This Isn't a Recession, It's a Collapse

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...

stuffthatmatteron This Isn't a Recession, It's a Collapse

It doesn't help that: State Tax Revenues at Record Low

http://www.nytimes.com/2009/07/18/us/18states.html?_r=1

stuffthatmatteron U.S. Food-Stamp Recipients Reached Record 33.8 Million in April

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 population is on food stamp. Is US that fracked already?

stuffthatmatteron Blind man sees wife for first time after having a tooth implanted into his eye

I got modded down? Jeez you guys have no humor. Slashdot's way better

stuffthatmatteron Blind man sees wife for first time after having a tooth implanted into his eye

...and then he said 'ahhhh! I'm blind!'

stuffthatmatteron Automated Funds Now Dominate Stock Market

alternate headline: you lowly investor vs Goldman Sachs

stuffthatmatteron Is this a Feature or a Company?

It's a feature if users don't want to pay for it. It's a company if users do.

Facebook is a feature :)

stuffthatmatteron Tom Williams: Hired by Apple at 14. His full story.

so...what did he create? I didn't see anything about him actually creating anything.

stuffthatmatteron What should I do with my life?

A great book for when people have enough financial backup to explore a bit. Nowadays with people's 401k down 40% and underwater in their house, they can't afford to take a year off to 'figure life out'

stuffthatmatteron The abolition of work

it's easy to not be stuck to a job; just don't get into debts and marriage. then you can always pick and choose your schedule.

stuffthatmatteron How to Motivate Employees

uh...threaten to fire them? We are in a great depression. Why do we keep babysitting people that we pay?