So What Will Be the Next Bubble?

Our economy has seen the credit (banking) market basically dry up and the housing market is barely limping along.  Lately, I have been wondering what will be the next market to take a direct hit and in my opinion there are three for profit markets that are next to be hit:  Education, Food, and Fuel.  

In our family, we have felt the affects of going to college (trade school) and upon graduation with honors two of two have not been able to find jobs in their given fields for over 1 year.  In the mean time, both had to pay for their education by taking a job outside their ideal career path.  Given, eventually both found work to support their families. 

Yet, what each did not foresee was the need to keep educating themselves because in this day and age;

it is not only what you know today but, what you need to know tomorrow along with -- who you know right now to get a job. 

Today's college graduates are not really looking at the market to see which areas are really growing or need fresh graduates.  Nope, instead for profits schools are pimping pipe-dreams (gathering profits) say in Journalism, Business Administration, basket weaving instead of; equipping students with real knowledge about expanding markets for those with heavy backgrounds in: economics, financial, and engineering. 

Secondly, as America's manufacturing jobs moved overseas because of the high cost of US wage earners.  Big Corps did not foresee foreign markets not only killing the American work force but, concurrently losing their employees' innovation to improve their processes and technology.  Meaning, Big Corps shot themselves in the foot now that wages are rising 20 to 40% per year for a foreign work force. Big Corps did not count on the volatility of the foreign market place. (I guess they did not pay attention to what happened to American economy growth in the 50 and 60s?) 

So Big Corps are left with moving back to the US to keep themselves flush and their hold on innovation because the wages in America hold pretty darn steady.  The sad but true fact is Americans earn less now than say in the 90s.  Here is the final straw, as Big Corps move back manufacturing on American soil; will they find a work force that will be willing to kow tow and build widget even though the worker has a degree in say: Journalism, Business Admin, or basket weaving?  Just think of how much training those workers will need; who no longer have a background in assembly line work. It will be a sharp learning curve for both Big Corps and the American work force. 

Food prices are going to continue to soar as the effects of Mother Nature come into play with floods, droughts, fires, and other over the top events.  So what should we do?  We have agumented with small garden beds and stock piling non-perisishables (only when on sale and with coupon) to build up our larder. I am so against Monsanto and its GMO grains which requires the pesticide Round Up to grow.  Any time for pro-fit starts messing with DNA and Bio-Diversity to wage war on small farmers; those who will be buying the end product so take heed.  Because not only are products on the market today; the consumer may be eating food that is not truly a food as nature intended.  Just saying.........

Fuel, If you have been following the news around the world then you should be noticing a pattern.  This is one of the last areas the "Haves" (big oil companies) are digging in deep.  Yes there is a lot of growth in Texas right now for building pipelines and fracking for natural gas, oil, and coal seam gas. What surprises me is folks who have gotten paid by these companies have no compunction for their neighbors or even their property's future --- folks are just so desparate to get paid they are basically signing away their birth rights.  What chaps my hide is:  we have only 5 acres so if neurotic neighbor man next door decides to lease to an Oil Company near our property line?  Well he can and there is nothing we can do about ground water contamination, chemical accumulation, or the noise. 

So get this America ---

not only do you work for THE MAN for lower wages, you buy His Cars on loan, use and over spend on His credit cards & bank loans, eat His genectically engineered grain, accquire mercer or give birth in for-profit hospitals, burn His fuel to get to work/live but, you also live in the houses He owns.  Now given my cynicism -- just push my horrible outlook over to the side; what are we going to do as the serfs around this horrible kingdom of Oz?

PS.  I am also sick of the American Media. LOL go figure.

PPS.  You can lead a horse to water but, you can not make him think.