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Stanky posted:

https://fred.stlouisfed.org/series/TOTALSL/#0

The consumer is beyond tapped out, especially those who work those part time jobs to get around Obamadon'care, but they will keep racking up charges to their credit cards and keep buying other stuff as long as someone pushes money towards them. I think this might end worse than the housing crash.

Our household debt is not as bad as some, such as Canada, but their economy is doing well.

https://www.tnvalleytalks.com/t...ost-indebted-nations

Most of those with part time jobs are doing so as those are the only jobs available.  Plenty of people holding down two jobs, at least.

What are you talking about?  Haven't you noticed all the illegals in construction forcing labor costs down.  If, its so bad in the US, WHY AIN'T YOU LEFT YET!

Dire, I thought you were one of the more level headed posters on this forum, apparently there ain't a nickles worth of difference between you and the worst of them.

jtdavis posted:

What are you talking about?  Haven't you noticed all the illegals in construction forcing labor costs down.  If, its so bad in the US, WHY AIN'T YOU LEFT YET!

Dire, I thought you were one of the more level headed posters on this forum, apparently there ain't a nickles worth of difference between you and the worst of them.

Jt, I gave you a main reason construction wages are flat lined in the US.  And, if you're not satisfied, why didn't you look elsewhere? 

If, you can't understand that, too bad!

Jt, I gave you a main reason construction wages are flat lined in the US.  And, if you're not satisfied, why didn't you look elsewhere? 

The only places construction wages are flat lined is where there is a shortage of work.  Check the Nashville area out and tell me they are flat lined. The hourly rate is a lot higher than in the Shoals area and Nashville is booming.

jtdavis posted:

Jt, I gave you a main reason construction wages are flat lined in the US.  And, if you're not satisfied, why didn't you look elsewhere? 

The only places construction wages are flat lined is where there is a shortage of work.  Check the Nashville area out and tell me they are flat lined. The hourly rate is a lot higher than in the Shoals area and Nashville is booming.

You just contradicted your earlier statement. Why are you still here if you don't like the lower Shoals payscale.

jtdavis posted:

Nashville isn't overseas

You have gotten to be just like a couple of other geniuses on this forum. 

In 1648, my Scottish ancestors entered enemy territory (England) to catch a wooden sailing ship to Virginia in search of a better life.  In 1973, I drove to Atlanta for much the same reason as the Shoals area was in a severe economic condition. And, you quail about going to Nashville,  That's where my eldest lives now.

I've said this three times, yet you don't get it.  Why aren't you in Nashville working for those higher wages?

I made a statement about overseas wages being higher for construction workers. I made a statement about higher wages does not kill an economic boom. I used Nashville as an example. I never said I wanted to go to Nashville to work, that came out of your mind. Besides, I've been retired for 3 years. I'm not going anywhere to work.

jtdavis posted:

I've said this three times, yet you don't get it.  Why aren't you in Nashville working for those higher wages?

I made a statement about overseas wages being higher for construction workers. I made a statement about higher wages does not kill an economic boom. I used Nashville as an example. I never said I wanted to go to Nashville to work, that came out of your mind. Besides, I've been retired for 3 years. I'm not going anywhere to work.

Where there is a demand for jobs that causes a shortage, wages increase. That's been true for thousands of years.  As to yourself, then QYB!

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