tag:blogger.com,1999:blog-529575095156315075.post208773991078294538..comments2024-02-09T12:12:37.636-08:00Comments on best minimum wage job a middle aged guy ever had: Duncan McGearyhttp://www.blogger.com/profile/02857388833850939721noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-529575095156315075.post-7006050951971386932008-04-24T10:58:00.000-07:002008-04-24T10:58:00.000-07:00I'm old enough to remember a number of looming dis...I'm old enough to remember a number of looming disasters -- that we somehow muddled through.<BR/><BR/>But every crisis like this has the seeds of a bigger disaster, and just because we've avoided that up to now doesn't mean it isn't a dangerous time.<BR/><BR/>Also, I'd have to say that for many, the inconvenience of "$100 dollars per week to drive the SUV".<BR/><BR/>Maybe not starvation, but very unpleasant.Duncan McGearyhttps://www.blogger.com/profile/02857388833850939721noreply@blogger.comtag:blogger.com,1999:blog-529575095156315075.post-89828274515553747062008-04-24T10:16:00.000-07:002008-04-24T10:16:00.000-07:00Just keep in mind that most comments are on the ex...Just keep in mind that most comments are on the extreme. Reality is generally not as bad as the doomsayers say, and not as good as the optimists.<BR/><BR/>Are we in a rough economic times? - yes. Does the stock market drop during such times? - yes. Is the drop we are seeing unusual? - No. Actually the average drop in the market during a recession is around 25% for the DOw. At its worst so far the DOW has dropped above 19% and has recovered somewhat from that. The stock market is usually a leading indicator for recessions in that the drop in value generally hits bottom at the start of the recession and starts climbing back up while the recession is occuring. You are seeing signs of that happening here.<BR/><BR/>Also you must separate the statistics from the individual cases. It might be good for one town while in the dumps in others. Likewise it might be bad in one town while everywhere else is booming.<BR/><BR/>Is the current situation any worse then previous economic periods. Not really. A little different in nature, but not really worse then what has occured in previous recessionary periods.<BR/><BR/>If one looks at history and looks at major shifts in technology, population, etc such as the movement inot the industrial age, or the information age, etc. there have been similar disruptions.<BR/><BR/>The major thing is in the US our disruptions generally mean that we cannot afford some things that we might want or we are inconvenienced in some fashion (what do you mean that I have to spend $100 dollars per week to drive the SUV I want to drive), in the third world such disruptions may mean the difference between life and death.RDChttps://www.blogger.com/profile/13033979029490801023noreply@blogger.com