Quote Originally Posted by Spino View Post
I ain't too edyookated on these matters but could this trend be linked to the decline of our industry and overall exports? With each passing year we make less and less 'stuff' and (to my limited knowledge) fewer nations consume materials and/or food from the US of A. Might I venture forth the idea that a nation that imports more than it exports is more susceptible to a prolonged recession/depression than one which exports more than it imports?

Might a service oriented economy be more prone to the pitfalls of a recession/depression than an industry oriented one?

Just a thought, don't take it too seriously as I'm only on my first cup of coffee...
Interesting enough I was thinking of something simular but from a very different angle. To put it short, the current economic system requires eternal growth, something that by it's very nature is impossible. Currently there's been several signs, for years, indicating that the current system is close to its end in the western world and it's fairly safe to bet that the end will be unstable, with events simular to the current recession (or I'm off with 50+ years).

And then you suggest that the larger focus on the service sector, something that is in the current market's very nature, that causes deeper recessions...

Spoiler Alert, click show to read: 
Well for me they are linked, as both things are simply to evolution of the market, to its end.

Got absolutly not idea what would replace the current system though.


Spino, are you sure that the industrial production actually drops in the US and not just the employment in the industrial sector?