Like the S&L Crisis only MUCH WORST

[gdcox]

The only glint on the cloud is that wages have risen for most so anyone saying ‘prices will go back to 2000’ or whichever year you choose, should really, adjust their view to adjust for the fact that 2000 prices are now a lot more affordable than in 2000 (see Rich’s CPI adjusted chart).

The exceptions are low skilled jobs where wages have hardly move in the 21st century brought on by globalisation and immigration, so areas that had /have demand mainly from people with those kind of wages cannot have this silver ling.

Of course, in the rich areas, incomes and wealth have shot up since 2000 to to a surge in inequality brought on by the same globalisation , much reducing the extent of any price crash.

[peterb]

I think eveyone should check out shadowstatistics.com to get a real view of what saturating the world with US$ has done to the value of the US$. A quick look at the Euro and Gold will give you a quick snap shot of reality. Sure the US$ has rebounded a little lately. But check out it’s 5 year chart against these other commodities. Show me how US wages have faired against this drop in US$ value?

[peterb]

I think eveyone should check out shadowstatistics.com to get a real view of what saturating the world with US$ has done to the value of the US$. A quick look at the Euro and Gold will give you a quick snap shot of reality. Sure the US$ has rebounded a little lately. But check out it’s 5 year chart against these other commodities. Show me how US wages have faired against this drop in US$ value?

[peterb]

I think eveyone should check out shadowstatistics.com to get a real view of what saturating the world with US$ has done to the value of the US$. A quick look at the Euro and Gold will give you a quick snap shot of reality. Sure the US$ has rebounded a little lately. But check out it’s 5 year chart against these other commodities. Show me how US wages have faired against this drop in US$ value?

[peterb]

I think eveyone should check out shadowstatistics.com to get a real view of what saturating the world with US$ has done to the value of the US$. A quick look at the Euro and Gold will give you a quick snap shot of reality. Sure the US$ has rebounded a little lately. But check out it’s 5 year chart against these other commodities. Show me how US wages have faired against this drop in US$ value?

[peterb]

I think eveyone should check out shadowstatistics.com to get a real view of what saturating the world with US$ has done to the value of the US$. A quick look at the Euro and Gold will give you a quick snap shot of reality. Sure the US$ has rebounded a little lately. But check out it’s 5 year chart against these other commodities. Show me how US wages have faired against this drop in US$ value?

[kewp]

Show me how US wages have faired against this drop in US$ value?

The flip-side is that perhaps domestic salaries were too high (and oil too low) making labor costs excessive for US employers and creating a big push for out-sourcing.

I’ve seen more and more stories about American communities experiencing oil booms, as the high price of petro is making it economical to produce it locally.

[kewp]

Show me how US wages have faired against this drop in US$ value?

The flip-side is that perhaps domestic salaries were too high (and oil too low) making labor costs excessive for US employers and creating a big push for out-sourcing.

I’ve seen more and more stories about American communities experiencing oil booms, as the high price of petro is making it economical to produce it locally.

[kewp]

Show me how US wages have faired against this drop in US$ value?

The flip-side is that perhaps domestic salaries were too high (and oil too low) making labor costs excessive for US employers and creating a big push for out-sourcing.

I’ve seen more and more stories about American communities experiencing oil booms, as the high price of petro is making it economical to produce it locally.

[kewp]

Show me how US wages have faired against this drop in US$ value?

The flip-side is that perhaps domestic salaries were too high (and oil too low) making labor costs excessive for US employers and creating a big push for out-sourcing.

I’ve seen more and more stories about American communities experiencing oil booms, as the high price of petro is making it economical to produce it locally.

[kewp]

Show me how US wages have faired against this drop in US$ value?

The flip-side is that perhaps domestic salaries were too high (and oil too low) making labor costs excessive for US employers and creating a big push for out-sourcing.

I’ve seen more and more stories about American communities experiencing oil booms, as the high price of petro is making it economical to produce it locally.

[peterb]

I’ve heard Houston is doing quite well. Oil services in general. Maybe OK as well? It’s come down to natural resources. A glimmer of hope.
Wage arbitration is alive and well. Most Asians sill make way less that US counter parts. Of course, Central and south america is not much different.

[peterb]

I’ve heard Houston is doing quite well. Oil services in general. Maybe OK as well? It’s come down to natural resources. A glimmer of hope.
Wage arbitration is alive and well. Most Asians sill make way less that US counter parts. Of course, Central and south america is not much different.

[peterb]

I’ve heard Houston is doing quite well. Oil services in general. Maybe OK as well? It’s come down to natural resources. A glimmer of hope.
Wage arbitration is alive and well. Most Asians sill make way less that US counter parts. Of course, Central and south america is not much different.

[peterb]

I’ve heard Houston is doing quite well. Oil services in general. Maybe OK as well? It’s come down to natural resources. A glimmer of hope.
Wage arbitration is alive and well. Most Asians sill make way less that US counter parts. Of course, Central and south america is not much different.

[Author]

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