Quote:
Originally Posted by mynameisjim
There will be another boom period within the next 5 years and it will right the ship again.
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I hope your right & im wrong. what i see different today is that the middle class is getting killed. all my 30 something friends, either husband & wife are both working, or one or both got laid off. The rich will always do well. thats true going back to the romans. But if there is no consumer to make the boom happen, there will be no boom. & the middle class is taking it in the ass from both high taxes & corporations that are gouging them & offshoring their jobs. Banks, insurance companies, oil companies, hospitals, they are charging absurd rates for their services. all these industries are oligopolies. there was a time when banks paid 4-5% interest on savings, 12-16% on the credit card, but those days are gone. a boom cannot happen when the worker pays 40% in taxes, 30% on the credit card, & lost their job to a foreign worker. The status quo cannot last.