If you thought the "Recovery" was Bad, just Wait for the next Official Recession

St. Phatty · Dec 3, 2018

If you thought the "Recovery" was Bad, just Wait for the next Official Recession

https://www.nytimes.com/2018/12/03/us/california-fire-homeless.html

Saw this article today about the Homeless situation in Butte County BEFORE the Paradise fire.

Very serious, very difficult, for a lot of people.

Now obviously Much, Much Worse.

This is during a period of so-called "Economic Expansion".

So what happens the next time the economy officially contracts ?

I know there are tent-cities all over the place, although these days it's often people staying in their cars.

I see it at the local Walmart, which allows people to park their RV's, vans, etc for a few days. There's usually 20 to 30 vehicles parked there. Everybody keeps a low profile.

Would be great if they let the children play soccer in the parking lot or something, but I guess that goes against keeping a low profile.

mean mr.mustard · Dec 3, 2018

I think we are supposed to ignore them or accept them as collateral damage to socialism.

Everybody knows if you need help you deserve not getting it.

Just make sure to spin everything towards them once being able to have anything they wanted they just didn't want it.

I can't believe no right wingers blew this up already!

White Beard · Dec 3, 2018

Excellent reduction of the political christian stance on economic issues:
if you need help, it’s proof you don’t deserve help.

Explains tax cuts for the wealthy....

EsterEssence · Dec 3, 2018

It's not going to be a recession it is going to be a "correction", get ready this bubble won't last...

White Beard · Dec 3, 2018

Never really expected it would....

White Beard · Dec 3, 2018

Crickets from the ha-ha “right”

Crickets from the ha-ha “right”

mean mr.mustard said:
I think we are supposed to ignore them or accept them as collateral damage to socialism.

I can't believe no right wingers blew this up already!

Everything’s gone dead quiet in koo-koo land since last week in Muellerville....

St. Phatty · Dec 3, 2018

EsterEssence said:
It's not going to be a recession it is going to be a "correction", get ready this bubble won't last...

Yeah, the valuations on companies like SalesForce are amazing.

They all act as if some group of really good programmers isn't going to want to go their own way, live with the sales they create with their own SalesForce management software, and it take away 50% of SalesForce's business overnight.

I have had to manage projects where there were a lot of parts to track (millions of physical parts). My job was often on the CAD end talking to manufacturing.

I used Eudora, as a generalized database. Also Wordpad.

Trust me, a small team of 3 or 4 committed grad students could come up with a better SalesForce management software - and it will be really fun for them.

SalesForce is just one example, with a P/E of bubble-ness around 100. Wonder how much debt they have.

I was looking for an EZ sketch tool that would allow me to draw a cartoon version of a Victorian home, cutaway view. So just basically lines. I asked in the chat session - what do salespeople use if they want to quickly draw something for a client, however clumsy & cartoonish the drawing may be ?

Her answer was, "we don't do that". I explained that it was sort of for a sales pitch. They just don't do that.

So basically their software is lead management, keeping track of customer phone numbers. Sort of like keeping track of friends' phone numbers and birthdays. Including complex social projects like planning a wedding.

Seems like they have turned a DayTimer piece of Software into an empire. It helps them buy champagne, more power to them.

As far as Amazon, I try not to buy from them. They are the least expensive source for the multi-vitamins I like, by far.

OldCoolSativa · Dec 3, 2018

About 6 years ago I had a date with a woman who had a consulting gig for a company that had to do with how they customized and used Salesforce. She was not really the brightest bulb (it was a shitty date) yet she could bill as many hours as she could work each week at a rate of $200/hr. After swilling a couple expensive martinis and wolfing down some apps, she was not at all inclined to offer to help with the tab.

St. Phatty · Dec 3, 2018

OldCoolSativa said:
About 6 years ago I had a date with a woman who had a consulting gig for a company that had to do with how they customized and used Salesforce. She was not really the brightest bulb (it was a shitty date) yet she could bill as many hours as she could work each week at a rate of $200/hr. After swilling a couple expensive martinis and wolfing down some apps, she was not at all inclined to offer to help with the tab.

Maybe Cocaine Dealers are using the software and nobody told me.

Sounds like a bubble.

I heard during the 2000 bubble, catering companies were charging - and getting paid - $100 for a PBJ sandwich.

subrob · Dec 5, 2018

So.....if the stock market doing well is "proof" to donnybois that trump is good for the economy, why is it when it's not doing well, it has "nothing" to do with the economy?

Brother Nature · Dec 5, 2018

This current bubble is simply the result of wall-street moving it's economic fraud overseas.

The stock markets only doing well because they've found a whole new way to short the investing public, legally, using it's own ignorance to profit massively while systematically destroying the lives of those who 'did things the right way' and thought the system was out to help them. I really thought the Panama Papers would have caused much more of an uproar, but I guess financial shit is hard to understand so the general public only really took "Jackie Chan has more money than he says" out of it.

I wonder if America could claim bankruptcy? Could take a cue from the Prez, worked pretty well for him.

mean mr.mustard · Dec 5, 2018

Don't worry debt has tons of value!!

rod58 · Dec 5, 2018

it's only a matter of time before peter has to pay paul and believe it or not it's just around the corner .
The current " bubble " is a result of ALL our greed and whether it was forced upon us or introduced to us and then willingly took it up is now irrelevant . time to pay !

'

rives · Dec 5, 2018

St. Phatty said:
https://www.nytimes.com/2018/12/03/us/california-fire-homeless.html

Saw this article today about the Homeless situation in Butte County BEFORE the Paradise fire.

Very serious, very difficult, for a lot of people.

Now obviously Much, Much Worse.

This is during a period of so-called "Economic Expansion".

So what happens the next time the economy officially contracts ?

I know there are tent-cities all over the place, although these days it's often people staying in their cars.

I see it at the local Walmart, which allows people to park their RV's, vans, etc for a few days. There's usually 20 to 30 vehicles parked there. Everybody keeps a low profile.

Would be great if they let the children play soccer in the parking lot or something, but I guess that goes against keeping a low profile.

The "homeless situation" in Butte County has very little to do with any perceived economic state. It has been going on for decades, through every imaginable economy. Housing has been tight since at least the mid-'60's as a result of the combined influx of temporary residents for the construction of Oroville dam and the student population at CSU Chico. I went to school there in the mid-'70's and the population of town doubled when school was in session. It was still difficult to find housing (or work) when my kids attended 10 years ago. The woods are full of counter-culture types who live rough, and the climate makes it pretty easy to survive.

As for the fellow in the article who asks "Where is all the housing?", FEMA has been unable to provide trailers because of the lack of infrastructure to support them and the magnitude of the problem. How do you quickly provide trailers, water, power, and sewer hookups for 50,000 people?

Oh, and the estimates for the original number of homeless in both the county and the state are so far off as to be laughable.

'Boogieman' · Dec 5, 2018

When I went to California most of the homeless seemed to be kids from other states who wanted to go to California to have a good time. There were some drug addicts too. California has taxed its citizens to death and raised the standard of living to ridiculous levels I'm not surprised there is a homeless problem

Hydro8 · Dec 5, 2018

Here in Denver the homeless population was growing and filling up the main shopping plazas so they made laws to run the homeless into deeper hiding. Now you see more of them hiding under bridges, more obscure parks, Walmart.

The stores are full or "Help Wanted" signs for jobs that pay 11-13 an hour the average 1 bedroom is $1300. a mo. It doesn't take a mathematician to see that it doesn't add up to a living.

"The economy is great..! housing prices and rent are going up !" yahhh awesome

Reality - Inflation - Collapsing Economy

mean mr.mustard · Dec 5, 2018

Didn't you read?!

There's no homeless problem.

It's okay because FEMA doesn't have to do its job.

That's why they have a 7.4 billion dollar budget.

Oh and there aren't really homeless people.

Just people choosing to be homeless.

Enlightened people are enlightening us.

Let's listen!

Gry · Dec 5, 2018

Vast majority of homeless were traditionally nam vets no one wanted to notice.
Joined by more with each conflict.

A surplus of high end housing is available in my area.

mean mr.mustard · Dec 5, 2018

They were already used and discarded.

I wish I could take new recruits on a tour of a tent city for person to person veteran testimony.

But there's probably a law.

You don't want anybody disillusioned before you use them up.

It seems like they only become invisible after they come back scarred invisibly. (Or very obviously in plenty of cases)

rives · Dec 5, 2018

mean mr.mustard said:
It's okay because FEMA doesn't have to do its job.

That's why they have a 7.4 billion dollar budget.

I think that magic wands are still beyond that budget...

If you thought the "Recovery" was Bad, just Wait for the next Official Recession

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