General Discussion
In reply to the discussion: "In case you haven’t noticed, the economy is actually getting better. Noticeably better." [View all]JDPriestly
(57,936 posts)We just don't use nearly the gas we used to use -- and the winter was relatively mild, so heating oil is not the problem it might be.
It's the fact that the new jobs pay lower wages than the old ones did that will hurt the middle/working class.
But still, it's good if there is an upswing in the employment numbers. It's the first step.
There are still some huge problems out there -- like derivatives that are rotten to the core, like the fact that bank ledgers have not yet taken the losses that honestly and strictly pricing their assets to the market would mean.
I expect yet another dip in the economy as the debts and losses that have not been acknowledged on the books of companies and individuals become evident and unavoidably must be recognized.