[The-Shoveler]

I worked on several projects in Europe,

I remember working early morning to late into the evening seven days a week (while the local workers were there right beside me).

I think the IT and other professionals schedule may not be much different than ours from my experience.

Just my two cents.

[The-Shoveler]

Would you invest in a company that was stagnant or declining?

how about a country that was stagnant or declining?

[The-Shoveler]

And for the next project you will get the money from where ?

So how many time can you do that ?

what interest will they demand next time?

(interest is a measure inflation btw)

In short deflation represents a shrinking and declining society.

[The-Shoveler]

[quote=barnaby33]

You might get a dip here or there but TPTB will do “ANYTHING and EVERYTHING” in their power to avoid it (for very good reasons BTW).

I’d love to here what “good” reasons those are. Not just so I can have a good chuckle, but so we can start the education cycle on piggington anew!
Josh[/quote]
Good I want to be amused as well.

So I will start with the most obvious.
Those who have long term bills or investments (like power plants, Dams, bridges, schools and pensions) cannot survive a deflationary tax base.

Also banks who write long term loans will just stop.

[The-Shoveler]

I think Most Burbs in Socal within 30 or so miles of the coast will be fine and continue to grow into job centers themselves.

Other states I am not so sure, I don’t think I would buy a house in the Oil Patch as long term that is a dead end.

[The-Shoveler]

I think Car Tech will have just the opposite effect most think it will,
I think it will enable people to move further and further into the burb’s as the drive will be less congested and a lot faster when the computer takes over the driving, Plus you can do other thinks while the car does the driving like take care of email or take a nap.

Also I think Cars will become so efficient 100MPG will seem low.

[The-Shoveler]

OK sure that might work.

But really I would still want my own car.

Call me a throw back but I like going to Costco, loading the back of the car to the Gills then driving home and hitting the clicker to open the three car an unloading the stuff the 15 steps into the kitchen LOL.

Starting the Bar-B-Q in the yard etc…

I love living in the burb’s LOL.

to each their own, I just don’t like living in a crowded City.
A Honolulu Burb I could take however,

[The-Shoveler]

It was NEVER easy to buy a home in SoCal.

It just looks that way in hindsight. It always meant driving til you could afford and that first house was an old fixer that took everything you had.

IT WAS NOT EASY!!!

[The-Shoveler]

“AND who were one of the last generations to do better than the generation ”

IMO this is going to be proven so wrong I don’t know where to start, except that was almost the exact same thing they were telling us in 1976-9 LOL.

First The millennials are going to inherent at least twice as much from the boomers as the boomers got from their parents LOL.

The USA is in a so much more better state than we were in 1980 it is laughable when I hear people talk about the demise of the U.S.A.

Anyway this is pointless so I give up arguing about this anymore.

[The-Shoveler]

Sure anything CAN happen,

But the most LIKELY thing to happen is a repeat of the 1980’s IMO.

The biggest Bulge in population just turned 23, and a large percentage just got out of college.

pretty much where we were in early 1980’s.
USA is for all intents and purposes is much much better off than we were in 1980’s as well.

Also for all intents and purposes the USA is energy independent for the first time in 50 or more years LOL.

Sorry your way off.

[The-Shoveler]

[quote=spdrun]Nothing is forever — all empires fall. Even the US.[/quote]
Outside of a large meteorite or Yellowstone going off (or nuclear war).

I think that is extremely unlikely in the next few generations (for the USA).

in fact in the near term (say the next 50 years) I think that for the U.S.A. things look really really good even compared to Europe or china etc..

Anyway IMO.

[The-Shoveler]

Anything that can be automated will be automated irregardless of wages or anything else.

more and more sophisticated Automation gets cheaper and cheaper every year and it will continue to do so irregardless.

the world will adapt.

Long term deflation can’t work because it destroys long term investment, the US Gov is the biggest long term investor in the world.

[The-Shoveler]

Well I did not say it was cheap just that it would be available to purchase LOL.

Anyway looks like Doc Brown was not too far off.

[The-Shoveler]

IMO the least likely thing to occur is long term deflation.

You might get a dip here or there but TPTB will do “ANYTHING and EVERYTHING” in their power to avoid it (for very good reasons BTW).

IMO we will start to finally see wage inflation even if they have to force it from the bottom.

[The-Shoveler]

2015 back to the future:
In 2015 You can buy a hover board
In 2015 You will be able to buy self lacing Nike shoes

Now in 2015 skunk works plans to demo fusion reactor (Mr Fusion)
OK so it’s not the back of a Delorean, but it fits on the back of a truck.

In the long run Big Oil is doomed IMO.

[Author]

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