DomainGuy86
Established Member
- Impact
- 245
I don't know about you but the rise of dollar store mania and coupon/discount websites signals that the average consumer is looking to do more with less.
I would even wager to guess that the people who frequent these retail outlets are either woefully underpaid for their time or are underemployed.
You have to take into account the fact that unemployment numbers do not factor in those who have entirely given up on the job search and are not seeking a job.
Furthermore on the topic--the rise of legalized marijuana and related hallucinogenic products is perhaps a symptom of a stagnant or flat GDP growth--a new industry spurs thousands of jobs. This is maybe why governments are keen to relax legislation around it.
People who are once social pariahs are now part of a billion-dollar industry.
Who gets to line their coffers? The tax man, of course. Remember, a lot of state govt's are facing long-term deficits and they need to shore up their budgets if they want to pay for anything. The feds are busy with a trade war, trillions worth of debt, and maintaining the global order.
Why I think the economy sucks? You hear about a retail store or factory shuttering every other week. Unfunded liabilities like social security. A bond market ready to burst. Bank exposure to mortgage-backed securities (yes, it could happen again with the feds raising rates). The list goes on.
I would even wager to guess that the people who frequent these retail outlets are either woefully underpaid for their time or are underemployed.
You have to take into account the fact that unemployment numbers do not factor in those who have entirely given up on the job search and are not seeking a job.
Furthermore on the topic--the rise of legalized marijuana and related hallucinogenic products is perhaps a symptom of a stagnant or flat GDP growth--a new industry spurs thousands of jobs. This is maybe why governments are keen to relax legislation around it.
People who are once social pariahs are now part of a billion-dollar industry.
Who gets to line their coffers? The tax man, of course. Remember, a lot of state govt's are facing long-term deficits and they need to shore up their budgets if they want to pay for anything. The feds are busy with a trade war, trillions worth of debt, and maintaining the global order.
Why I think the economy sucks? You hear about a retail store or factory shuttering every other week. Unfunded liabilities like social security. A bond market ready to burst. Bank exposure to mortgage-backed securities (yes, it could happen again with the feds raising rates). The list goes on.
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