NYT reports 37% of 18-29 year olds are unemployed Forum

[General Tso]

http://www.nytimes.com/2010/07/07/busin ... n.html?hpw

That's the highest level of unemployment among young Americans since the 1930s. Of course back then, WWII and the postwar booms in construction, manufacturing, and rebuilding europe helped make that the "greatest generation."

So what about us? Will we be the "next" great generation? If so, where will the next economic boom be? We can't all work in finance and health care after all.

[nycparalegal]

We won't be the "next" great anything. Our generation is in for a world of pain and misery. I like to think it would be something more like Germany post WW1 and pre WW2.

[rayiner]

http://www.nytimes.com/2010/07/07/busin ... n.html?hpw

That's the highest level of unemployment among young Americans since the 1930s. Of course back then, WWII and the postwar booms in construction, manufacturing, and rebuilding europe helped make that the "greatest generation."

So what about us? Will we be the "next" great generation? If so, where will the next economic boom be? We can't all work in finance and health care after all.

Nah. We will be the lost generation. Hopefully one who takes a cue from the fuckups of our parents and uses the opportunity to retrench and refocus on the things that originally made America prosperous.

[KibblesAndVick]

WWIII for the win. We're gonna employ the shit out of this generation.

[DerrickRose]

We won't be the "next" great anything. Our generation is in for a world of pain and misery. I like to think it would be something more like Germany post WW1 and pre WW2.

That is a frightening thought.

[General Tso]

We won't be the "next" great anything. Our generation is in for a world of pain and misery. I like to think it would be something more like Germany post WW1 and pre WW2.

so would you agree with the guy who thinks the Dow is going below 1,000 in a few months?
http://www.nytimes.com/2010/07/04/your- ... f=business

The Dow, which now stands at 9,686.48, is likely to fall well below 1,000 over perhaps five or six years as a grand market cycle comes to an end, he said. That unraveling, combined with a depression and deflation, will make anyone holding cash “extremely grateful for their prudence.”

[nycparalegal]

http://www.nytimes.com/2010/07/07/busin ... n.html?hpw

That's the highest level of unemployment among young Americans since the 1930s. Of course back then, WWII and the postwar booms in construction, manufacturing, and rebuilding europe helped make that the "greatest generation."

So what about us? Will we be the "next" great generation? If so, where will the next economic boom be? We can't all work in finance and health care after all.

Nah. We will be the lost generation. Hopefully one who takes a cue from the fuckups of our parents and uses the opportunity to retrench and refocus on the things that originally made America prosperous.

What made America prosperous was the rest of the world was either in a state of war or recovering from war. The world has caught up to the US. Times are only going to get tougher as we now have to compete with the entire world.

[mallard]

http://www.nytimes.com/2010/07/07/busin ... n.html?hpw

That's the highest level of unemployment among young Americans since the 1930s. Of course back then, WWII and the postwar booms in construction, manufacturing, and rebuilding europe helped make that the "greatest generation."

So what about us? Will we be the "next" great generation? If so, where will the next economic boom be? We can't all work in finance and health care after all.

Nah. We will be the lost generation. Hopefully one who takes a cue from the fuckups of our parents and uses the opportunity to retrench and refocus on the things that originally made America prosperous.

I think there's an Amendment to the Constitution disallowing that...

[Thomas Jefferson]

Nah. We will be the lost generation. Hopefully one who takes a cue from the fuckups of our parents and uses the opportunity to retrench and refocus on the things that originally made America prosperous.

Like having illegitimate children with slaves?

[General Tso]

WWIII for the win. We're gonna employ the shit out of this generation.

You joke, but I seriously think Bush was aiming for a stimulus with the Iraq and Afpak wars.

[General Tso]

Nah. We will be the lost generation. Hopefully one who takes a cue from the fuckups of our parents and uses the opportunity to retrench and refocus on the things that originally made America prosperous.

But what things can make America prosperous once again?

[KibblesAndVick]

WWIII for the win. We're gonna employ the shit out of this generation.

You joke, but I seriously think Bush was aiming for a stimulus with the Iraq and Afpak wars.

I know, right? If we could get this liberal sissy out of office we might get the ball rolling again.

[General Tso]

WWIII for the win. We're gonna employ the shit out of this generation.

You joke, but I seriously think Bush was aiming for a stimulus with the Iraq and Afpak wars.

I know, right? If we could get this liberal sissy out of office we might get the ball rolling again.

I didn't really want this to be a political thread, I really want to focus on where America goes from here. But I will just say that last time I checked, Obama hasn't done much to wind down either war. Unless you are suggesting he start a couple more?

[D. H2Oman]

WWIII for the win. We're gonna employ the shit out of this generation.

You joke, but I seriously think Bush was aiming for a stimulus with the Iraq and Afpak wars.

I know, right? If we could get this liberal sissy out of office we might get the ball rolling again.

I didn't really want this to be a political thread, I really want to focus on where America goes from here. But I will just say that last time I checked, Obama hasn't done much to wind down either war. Unless you are suggesting he start a couple more?

Wait wtf are you not in favor of government stimulus?!?!?

LOL @ this right winger.

[nycparalegal]

Nah. We will be the lost generation. Hopefully one who takes a cue from the fuckups of our parents and uses the opportunity to retrench and refocus on the things that originally made America prosperous.

But what things can make America prosperous once again?

America is way over leveraged to become prosperous any time soon. We compete with the rest of the world for jobs, yet have to take out enormous amount of debt to get our foot in the doors for jobs that either are dying out, shipped over seas, or is restructuring downward due to pressure on wages.

Demand for jobs>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>supply of jobs

[sumus romani]

WWIII for the win. We're gonna employ the shit out of this generation.

You joke, but I seriously think Bush was aiming for a stimulus with the Iraq and Afpak wars.

I know, right? If we could get this liberal sissy out of office we might get the ball rolling again.

I didn't really want this to be a political thread, I really want to focus on where America goes from here. But I will just say that last time I checked, Obama hasn't done much to wind down either war. Unless you are suggesting he start a couple more?

lol at general tso starting a politically oriented pro-war thread w/o meaning to

[rayiner]

Nah. We will be the lost generation. Hopefully one who takes a cue from the fuckups of our parents and uses the opportunity to retrench and refocus on the things that originally made America prosperous.

But what things can make America prosperous once again?

Who knows. A good start would be shooting all the voodoo economists who tell us that shipping all our cash to China to buy non-durable goods is sound economic policy.

[KibblesAndVick]

WWIII for the win. We're gonna employ the shit out of this generation.

You joke, but I seriously think Bush was aiming for a stimulus with the Iraq and Afpak wars.

I know, right? If we could get this liberal sissy out of office we might get the ball rolling again.

I didn't really want this to be a political thread, I really want to focus on where America goes from here. But I will just say that last time I checked, Obama hasn't done much to wind down either war. Unless you are suggesting he start a couple more?

A couple more? Typical liberal defeatism. If you do it right it all melts together into one big world war.

I'm just fucking around. Although it would probably be in America's short and long term economic interest to engage in some game changing wars and subsequently institute a new set of global regimes that we favor.

[cahesu]

WWIII for the win. We're gonna employ the shit out of this generation.

You joke, but I seriously think Bush was aiming for a stimulus with the Iraq and Afpak wars.

I know, right? If we could get this liberal sissy out of office we might get the ball rolling again.

I didn't really want this to be a political thread, I really want to focus on where America goes from here. But I will just say that last time I checked, Obama hasn't done much to wind down either war. Unless you are suggesting he start a couple more?

lol

[Merr]

WWIII for the win. We're gonna employ the shit out of this generation.

Nuclear weapons made it so there will never be anything like WWII again...or at least nothing like it that anyone will survive.

[General Tso]

Nah. We will be the lost generation. Hopefully one who takes a cue from the fuckups of our parents and uses the opportunity to retrench and refocus on the things that originally made America prosperous.

But what things can make America prosperous once again?

Who knows. A good start would be shooting all the voodoo economists who tell us that shipping all our cash to China to buy non-durable goods is sound economic policy.

yeah there was another interesting article in the NYT that was reviewing a new book called "Let Them Eat Credit" or something. anyway one of his central premises is that countries like China and Germany are lending money to America so that we can buy the goods they manufacture on credit. So it's pretty much a double whammy, they make the good and sell it to us on credit.

believe it or not, I find some positive themes in Jimmy Carter's infamous 'malaise' speech:

But just as we are losing our confidence in the future, we are also beginning to close the door on our past...In a nation that was proud of hard work, strong families, close-knit communities, and our faith in God, too many of us now tend to worship self-indulgence and consumption. Human identity is no longer defined by what one does, but by what one owns.

[truffleshuffle]

FWIW, there is some Russian professor that predicts the USA will break apart

(http://online.wsj.com/article/SB123051100709638419.html)

[nycparalegal]

This is how I view the job market in America:

You pay a ridiculous cover to get into a bar only to find out that everyone just left and you got stuck with the tab.

[taw856]

FWIW, there is some Russian professor that predicts the USA will break apart

(http://online.wsj.com/article/SB123051100709638419.html)

TL;DR article, but what an amusingly misguided graphic at the bottom. If the far-fetched scenario of the U.S. breaking up actually occurred, I can't see South Carolina and New York being on the same side of the split. Also Texas would definitely just be its own country again.

[rundoxierun]

Wait.. I felt sorry for that kid until I read that he went to Colgate and majored in PoliSci with a minor in History yet turned down a 40k Insurance job and desperately wants to work in Finance. Who on earth does he think he is??