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The-Shoveler
ParticipantAs long as sufficient food and goods can be produced.
The Debt is just an artificial construct that can be resolved any number of ways.The-Shoveler
Participant[quote=FlyerInHi]We are now into 9 years of uninterrupted growth. Say we have another 4 years. Would that be a new normal?[/quote]
What is Normal about anything?
The way things are right now if there were a downturn I think it could lead to political instability and social unrest.
Still need a lot of lifting from the bottom.
The-Shoveler
ParticipantI Think it is more about the demographic cycle.
The biggest bulge US population is 26 years old.
That should keep things humming IMO for a few more years (well in absence of WAR anyway).
They have not started evacuating S.Korea so I would not be worrying too much until that starts happening.
October 6, 2017 at 5:21 PM in reply to: Recent VoSD article on slow growth in San Diego economy #808069The-Shoveler
ParticipantThe SD Slow growth IMO is due to lack of new construction projects (especially in north county).
From 2003 to 2005 new construction was going like crazy in SD.
LA seems just crazy busy right now.
The-Shoveler
ParticipantThe Coffee thing really got to me (How many centuries have we been drinking coffee now?)
I think the next thing will be Bread toasters LOL.
The-Shoveler
ParticipantI have been to Puerto Rico several times, Was a great place to vacation (I think it will be also in the future).
Thought about buying a retirement/vacation/rental condo there but never pulled the trigger.
Seemed like a great place to retire (if you like tropical Islands like I do).
Other than a vacation rental or retirement not sure I would want to live there however (maybe why so many working age people leave).
The-Shoveler
ParticipantNever really spent any time in Denver.
Seems like a cold windy place to live day to day.
Not sure I would move there just for a Job.
Anyway not my cup of tea.
September 10, 2017 at 8:06 AM in reply to: Rural Urban Divide, Millennial Lifestyles & City of the Future #807856The-Shoveler
ParticipantYet another list,
These Will Be the 15 Biggest U.S. Cities in 2046
Riverside is number 10.
https://www.cheatsheet.com/culture/these-will-be-the-15-biggest-u-s-cities-in-2046.html/?a=viewall
The-Shoveler
ParticipantLOL everyone is throwing their hat into the ring.
L.A.
Irvine
San Francisco (like they need it)
San Jose (same)Did not see anything about SD.
It will be very interesting to see where this lands.
The-Shoveler
ParticipantRiverside
Don’t laugh hits all the check marks.
The-Shoveler
ParticipantOur position will just get worse (so will the whole worlds) the longer it goes on.
Don’t kid yourself China is really in a much worse position than we are when it comes to Nk and they are not happy about it.How do we deal with a NK with capable sub’s?
There are no good options.
And no we can’t stop playing (they will absolutely never stop no matter what we do)
The country that is being extorted the most is China.
The-Shoveler
ParticipantI wonder if we will see some migration back to SoCal from former SoCal residents who had moved to TX.
July 20, 2017 at 1:53 PM in reply to: Insecurity riding high within world’s second largest economy #807253The-Shoveler
Participant[quote=FlyerInHi]
I don’t think the Chinese are that powerful.
[/quote]I have been there long enough to see it in action,
Keep in mind virtually all the banks are owned by China Gov. as well as almost every store where the Chinese buy food and clothes, they will mandate (one way or the other) what the pervading wage will be and are by very far the largest employer.July 20, 2017 at 7:21 AM in reply to: Insecurity riding high within world’s second largest economy #807250The-Shoveler
Participant“What do you make of the notion that government economic planning is bound to fail?”
Hard to say, if done well I see no reason for it to fail.
Same for free markets (if managed well).
I think all successfully run governments are a mixture of both.
Both have bad and good. Both can be really really bad if not managed correctly and left to go to extremes.
When I say China “IS THE BANK” I mean the china Gov runs the banks and can decide who and how much for what and how much money to print (they totally control it).
Even down to what a bowl of rice cost today.
They will tell you what the inflation rate will be this month week or day. -
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