Economic failure?
Honestly, the one thing thats been affecting me recently is the gas prices. Though I suspect that the already high cost of living here in the NYC metro area is normal compared to the rest of the nation.
Things are honestly really not going bad for me (or anyone I know for that matter); the wallet is bursting, my parent's home mortgage is paid off, were still going out to eat, im still buying computer games, etc.
Quote:
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eventually labour wage disparity between east and west will equalise as the individuals of India and China become more affluent and the economies fully modernise
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I do agree with this part though and this is what is playing a major role behind the cost of oil; unlike what some of my fellow citizens believe it has nothing to due with Bush (believe it or not
), Iraq, etc.