There are more disturbing reports about the economy than usual; I dunno if they are crying wolf or not. If you listen to what Comptroller of the US government David Walker has to say, the congress is either going to have to raise taxes as well as reduce entitlements... or deal with ecoomic crisis.
I'm betting on the latter. Walker makes sense, but we all know congress dont. And, we know that crisis adjusts attitudes. Items that sell well now, will be useless trash. Job losses will increase, disposable incomes will decrease, and priorities will shift accordingly.
The housing market has already come off its peak, they worry about the bubble and having foreclosure and bankruptcy rates rise.
But for instance, I can see where those who still have assets will be hiring more people to install surveillance and security equipment. While those working for the airlines will be unemployed. Some will drop internet access. The smart ones will drop cable TV instead.
Some communities which now rely on defense contracts, will go broke. If oil prices rise dramatically, coal mining will take off. Communities that have a diverse local resource base with lotsa small farms will do gonzo better than those which have depended on agribusiness monoculture. And so it goes, amid all the job losses, there will be some few new openings in what are now obscure fields.
LIve near the interstate? mite wanna buy a CB radio and listen in to the truckers, who will have different reports about what has been going on in the places they passed thru than the TV news. Pirate FM stations will prolly proliferate Nobody will be buying new cars, but there'll be more demand to fix whateer they already have. PCs will be repaired, not replaced.
I'm betting on the latter. Walker makes sense, but we all know congress dont. And, we know that crisis adjusts attitudes. Items that sell well now, will be useless trash. Job losses will increase, disposable incomes will decrease, and priorities will shift accordingly.
The housing market has already come off its peak, they worry about the bubble and having foreclosure and bankruptcy rates rise.
But for instance, I can see where those who still have assets will be hiring more people to install surveillance and security equipment. While those working for the airlines will be unemployed. Some will drop internet access. The smart ones will drop cable TV instead.
Some communities which now rely on defense contracts, will go broke. If oil prices rise dramatically, coal mining will take off. Communities that have a diverse local resource base with lotsa small farms will do gonzo better than those which have depended on agribusiness monoculture. And so it goes, amid all the job losses, there will be some few new openings in what are now obscure fields.
LIve near the interstate? mite wanna buy a CB radio and listen in to the truckers, who will have different reports about what has been going on in the places they passed thru than the TV news. Pirate FM stations will prolly proliferate Nobody will be buying new cars, but there'll be more demand to fix whateer they already have. PCs will be repaired, not replaced.