lorddarley

Friday's Employment Report: A Sobering Dose of Reality

The amount which the average US resident (including illegals) has to spend is higher than anywhere else in the world. The percentage of those who are gainfully employed in the US is also the highest IN THE WORLD.

There is always movement among classes. Some folks go up; some go down. Those on the way down always speak loudest that the system is broken.

The problem is that interest rates were kept too low, too long, and people who were not middle class got to spend as if they were. And people who were only middle class spent as if they had rich uncles.

Maybe the government should have forced people not to spend beyond their means?? Who would want that?

Economic cycles, and ups and downs are a normal part of life.

LordDarley