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These 2 Charts Show The Next Recession Will Blow Out The US Budget

These 2 Charts Show The Next Recession Will Blow Out The US Budget

By John Mauldin of Mauldin Economics

These 2 Charts Show the Next Recession Will Blow Out the US Budget

The weakest recovery in modern history has stretched on for 69 months.

By 2017, it will be the third-longest recovery without a recession since the Great Depression. By 2018, it will be the second longest.

Only during the halcyon economic days of the 1960s have we seen a longer recovery; but that record, too, will be eclipsed sometime in 2019—if we don’t see a recession first.

Minimum Wage Jobs Are Safe: Robot Waiters Fired For Spilling Food And Drinks, Malfunctioning

Minimum Wage Jobs Are Safe: Robot Waiters Fired For Spilling Food And Drinks, Malfunctioning

It has been a dangerous time for minimum wage waiters and bartenders. While on one hand, never in the history of the US has there been more "food and eating place" workers, and soaring with every month - if only in the BLS' in house statistical models to compensate for the manufacturing recession the US finds itself in...

 

... on the other hand, their corporate employers, alarmed by the recent spread of minimum wage hikes have been taking measures such as these:  

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