Where is this all going America????
Everyday we see another company shutting down, down sizing, or laying off workers. Workers are being asked to take paycuts. Revenues are contracting at business after business after business. Now our local and state government are having to deal with less and less revenues.
All the while, the cost of almost everything we spend money on is skyrocketing. Many now can't afford food and fuel and pay for housing at the same time.
Those that are leveraged are seeing a greater and greater percentage of their revenues being consumed by debt payments. They say wages are going up, but if you eliminate the top 5% wages are shrinking.
In the past year we have seen huge portions of industries basically shut down or contract to a fraction of its old self.
The Mortgage Industry, Airlines, Autos, Residential Construction
Now Banking, Retail, Commercial Contruction, and Government are all shrinking.
These were the areas responsible for job growth over the past five years. As these industries continue to shrink, revenues continue to decline, wages go down, and costs for necessities keep rising.......where will all this end up?
Is anyone looking forward anymore?