Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Sound good but for centuries every boom creates a bust.
Booms do not automatically result in busts. There have always been other factors in each and every single instance.
At 109 months, you are now in the second longest economic expansion in history. In theory, you could tie the longest economic expansion in history at 120 months in August 2019 and eclipse that, setting a new record in September 2019.
There's no evidence of structural unemployment now, nor is there any on the horizon. In spite of the protestations of many, the implementation of automation will be so boringly slow as to be imperceptible.
There's no evidence of Capital reallocation now or on the horizon, either. It might be another 10 years before India moves into its 2nd Level Economy and takes more of your jobs.
The most likely culprit will be the Federal Reserve, who keeps raising interest rates to combat "Inflation" despite the fact that there's no evidence of Monetary Inflation. There is evidence of Demand-pull Inflation, but increasing interest rates, or reducing the money supply, or increasing taxes or reducing spending have absolutely zero impact on Demand-pull Inflation.
At least twice in history, the Federal Reserve has caused a recession through higher interest rates, which increases the cost of continued business operations and the expansion of businesses, and that puts the brakes on expansion, and negatively impacts continuing operations.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,585 posts, read 81,243,006 times
Reputation: 57825
Quote:
Originally Posted by SWFL_Native
How is this in conjunction with the labor participation rate?
That's currently average, at 62.7%. I haven't found what it was in 1969, but between 1950 and 2018 it has averaged 62.99, with the highest in January 2000 at 67.3 and lowest in December 1954 at 58.1%.
not everyone is cut out for a "good job" under any conditions .
many have to filter the ditch water and make it work .
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
