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Tuesday, September 06, 2016

These are the signs of an economic collapse

What does the beginning of an economic collapse look like?

Do you see grocery stores closing? Do you see other retailers, like clothing stores and department stores, going out of business?

Are there shuttered storefronts along your Main Street shopping district, where you bought a tool from the hardware store or dropped off your dry cleaning or bought fruits and vegetables?

Are you making as much money annually as you did 10 years ago?

Do you see homes in neighborhoods becoming run down as the residents either were foreclosed upon, or the owner lost his or her job so he or she can’t afford to cut the grass or paint the house?

Did that same house where the Joneses once lived now become a rental property, where new people come to live every few months?



Anonymous said...

Welcome to Salisbury.

Anonymous said...

Yes to all above !

Anonymous said...

This area is going downhill,seen 2 bus loads of Haitians unload and go to local hotels where is all the handout money coming from?

Anonymous said...

The recent bankruptcy of a Korean Container ship company shows the economy is failing. Look for shortages of certain items in the grocery stores as well as parts for manufacturing. With just in time delivery for companies and manufacturers, this may shut down production lines for whatever manufacturers are left in this country.
Lack of demand and sales is also causing companies to fail. No Jobs, or low paying jobs = less disposable income. I guess the Board of Education and teachers will have to hold up the economy! Only ones making a decent income in a failed economy!

Anonymous said...

Problem not just limited to Salisbury.

Anonymous said...

I've seen many homes here in Wicomico County as well as Dorchester abandoned with either for sale or foreclosure signs in front of them. They are easy to spot, because the grass hasn't been mowed in months, and vegetation is growing up along side of the houses.
In my family as well has my church family, everyone I know has at least one family member unemployed or under employed. My own son who just turned twenty is still looking for any type of work. Has applied for many different entry level jobs, but no one is hiring. He is trying to update his skills at the local community college just to try and get his foot in the door. His friend finally joined the Military because there are no jobs available here. Just to join the military took him over 8 months. Even the military is being very strict on who gets in.
Ten years ago, I was making double of what I am earning right now, and the cost of living and prices of goods and services as well as taxes have more than doubled. Luckily I was able to pay off my home, it is still a struggle to make ends meet in this economy. I got rid of luxuries like Cable TV and we no longer go out eat more or go to the movies. I'm 54 years old, and I can definitely say this is the worst economy I have ever seen in my life.

Anonymous said...

Hear here!
Thank you for the comment.
I can relate to your point of view.

lmclain said...

Hillary is four more years, too.
How ya like her now?

Anonymous said...

Just to join the military took him over 8 months. Even the military is being very strict on who gets in.

They do that every so often depending on their needs and goals.

Anonymous said...

We have the poultry industry on the Eastern Shore who keeps our wonderful Wicomico County thriving! Thank goodness we have them to thank for our prosperity! Where would we be without them?