- just what do you think the economy, standard of living, etc. will be like in ten years
By October 2020 the USA will be in year 4 of recovery. The stock market bull run will be getting a little long in the tooth and some will say it is a good time to sell. But, this is a secular bull so, it is OK to stay in - buy the dip.
The unemployment rate is 6.47% and while higher than prior to the GR; it is the new norm.
The rich/poor ratio is reverting to the historical norm - prior to 1950 - as more high paying white collar jobs have not come back from the GR .
The education bubble has begun to deflate as people realize even with a college education and a job paying off the debt would take decades.
The VAT is in phase two - phase 1 was the 5% tax; 2 is the raise to 8% - going to 18%. Most people have given up on the idea of saving- VAT and higher income taxes - they live for the day; no more 'live to work'.
35 million people on food stamps - 3 million more than during the GR
A large Chinese investment firm just completed a deal to purchase Rockefeller center in NYC.
Gasoline is $10/gallon, people are glad to have it as OPEC is phasing in the basket of currency approach to buy their oil.
Crime is up across the board but focused in the poorer areas.
Racial tensions are growing between the Latino and black communities. Latinos have moved into traditionally black communities and Latino growth from amnesty and further illegal immigration has made Latinos the dominant financial and political power in those areas
Flags are at half mast for the death of David Hassoloff
Entertainment Tonight's audience surpassed the two Nightly News shows combined (CBS does not do a show).
Home prices are about 10 - 15% above their peak levels.
Kim Il Sung IV elected president of the unified Korea as people seek security.
Google scientist have developed a method of directly connecting your brain to your computer - eyes and hands no longer needed.
I'm 65 - life is good.