Re: Our financial system is crumbling this week.
Posted: January 23 12, 11:35 am
I am telling you, Groupon is a WMD in class warfare. It enables mass exploitation of hapless sole proprietors and other small businessi.
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Be sure to tip 14.85 dollars.haltz wrote:I'm actually considering this $99 dinner for two deal at the Ritz on travelzoo. 2 apps, 2 entrees, a bottle of wine and dessert.
That's what Perryville does every year. Not sure how you've missed em in the past.Freed Roger wrote:Seems like half of Perryville has knocked on our door trying sell us firewood this fall/winter, with amped up persistence. All the storms last year may play a role, not just economy. We weren't going to get any, since we don't use the indoor fireplace much anymore, and I can usually forage enough sticks and scraps for the outside pit. But then they dropped it down to $40 for the load we normally pay $80. It was like a hillbilly groupon.
Misanthrope.
Oh we haven't missed them in the past. If we aren't home, feign not home, or are just outright nonresponsive they will come back. They are some of the best salespeople.lukethedrifter wrote:That's what Perryville does every year. Not sure how you've missed em in the past.Freed Roger wrote:Seems like half of Perryville has knocked on our door trying sell us firewood this fall/winter, with amped up persistence. All the storms last year may play a role, not just economy. We weren't going to get any, since we don't use the indoor fireplace much anymore, and I can usually forage enough sticks and scraps for the outside pit. But then they dropped it down to $40 for the load we normally pay $80. It was like a hillbilly groupon.
Misanthrope.
Meanwhile, the World Economic Forum, in a recent report, named the growing income divide as one of the biggest risks facing the world in the years to come.
“In developed economies, such as those of Western Europe, North America and Japan, the social contract that has in recent decades been taken for granted is in danger of being destroyed,” the forum said in its report, warning of the threat of a “dystopian future for much of humanity.”
It would be bad, no doubt, but I don't think a downturn in the Chinese economy will create the same kind damage that a US or European downturn does. Their financial markets aren't very liberalized and they don't consume nearly as much as the other two giants. It would be bad for commodities, obviously, but I don't think a Chinese downturn would do as much damage to the US economy as most people seem to think. I'm not sure, though.Freed Roger wrote:on the topic of China -the growth rate has to end sometime. Should their economy hit the skids - that will cause something seismic - won't it?