Right now anyone can believe anything they want about the economy...
The B-Man sees a boom later this year... The G-Man sees a recession...
UTTER CONFUSION REIGNS ABOUT THE ECONOMY... SO MUCH OF IT IS FAKE AND MANAGED FROM NEW YORK...
BUT THEN THE GLOOMY REST OF THE ECONOMY, SO-CALLED "MAIN STREET" IS NOT REALLY COVERED IN THE MEDIA...EXCEPT RARELY WHEN A BIG REALITY BASED NUMBER COMES OUT...AS TODAY ON HOUSING...
Wednesday, February 28, 2007
AND LEST WE FORGET...GOLD.
The market masters bashed gold stocks yesterday...but forgot about gold the metal.
Today, the metal is being bashed...and the stocks are recovering... And tomorrow...the opposite will be the case... Etc. Etc.
LEST WE FORGET...THE "GOLD BASH TRADE" IS STILL A CENTRAL PART OF OUR LITTLE "HOUSE OF CARDS."
Today, the metal is being bashed...and the stocks are recovering... And tomorrow...the opposite will be the case... Etc. Etc.
LEST WE FORGET...THE "GOLD BASH TRADE" IS STILL A CENTRAL PART OF OUR LITTLE "HOUSE OF CARDS."
THE DAY AFTER MOONSHOT...?
This market wants to rally wildly...after the "crash" yesterday...
But the market masters worked so hard to get the correction in asset prices that they are not likely to give it all back in a one day rally...
The markets will likely creep nicely higher...while the TV Touts urge Mom and Pop not to "miss" this "once in a lifetime buying opportunity."
But the market masters worked so hard to get the correction in asset prices that they are not likely to give it all back in a one day rally...
The markets will likely creep nicely higher...while the TV Touts urge Mom and Pop not to "miss" this "once in a lifetime buying opportunity."
BERNANKE IS THE NEW CASSANDRA...MARKET RALLYS ON!
Bernanke's Cassandra-like statements will not effect the markets... Everyone knows he's really pumping money into the economy like there is no tomorrow. His "comments" are all just for show...like during the the G-Man's Bubble Daze.
RALLY ON! NOTHING CAN STOP THE STOCK MARKET BUBBLE NOW... WE'VE HAD OUR LITTLE HEAD FAKE "CORRECTION" THE GLOOMSTERS HAVE BEEN PACIFIED...NOW BACK TO ASSET INFLATION AS USUAL!
The very fact that Bernanke feels free to come out and "queer" the markets on the day after the "crash" is proof that the correction was a technical device by the market masters and not a "fundamental" problem... When the FED chief seems to be talking down the markets...you know the market is still in Moonshot Mode!
RALLY ON! NOTHING CAN STOP THE STOCK MARKET BUBBLE NOW... WE'VE HAD OUR LITTLE HEAD FAKE "CORRECTION" THE GLOOMSTERS HAVE BEEN PACIFIED...NOW BACK TO ASSET INFLATION AS USUAL!
The very fact that Bernanke feels free to come out and "queer" the markets on the day after the "crash" is proof that the correction was a technical device by the market masters and not a "fundamental" problem... When the FED chief seems to be talking down the markets...you know the market is still in Moonshot Mode!
HOME SALES PLUNGE WON'T EFFECT MARKET RALLY
Nothing will stop the markets now...no bad news will be bad enough...remember, it is still SUCKER SEASON ON WALL STREET!
WE MIGHT REVISIT A MARKET CORRECTION IN MAY...
BUT FOR THE TIME BEING IT'S BACK TO LALA LAND...THERE IS JUST TOO MUCH MONEY IN 401ks TO BE "INVESTED" TO ALLOW THE MARKETS TO CORRECT MEANINGFULLY...
My hunch is that Tout TV will soon be telling the Suckers not to miss this "buying opportunity" and "stocks are cheap!"
WE MIGHT REVISIT A MARKET CORRECTION IN MAY...
BUT FOR THE TIME BEING IT'S BACK TO LALA LAND...THERE IS JUST TOO MUCH MONEY IN 401ks TO BE "INVESTED" TO ALLOW THE MARKETS TO CORRECT MEANINGFULLY...
My hunch is that Tout TV will soon be telling the Suckers not to miss this "buying opportunity" and "stocks are cheap!"
MARKET HEAD FAKE OVER...IT WAS ALL FAKE!
Yesterday's odd little "technical spasm" in the markets is over...
The liquidity will continue to flow into paper assets apace...the central banks will not even have to make a statement about yesterday's action.
None of the underlying problems will be addressed because they don't need to be address...
Yes, the dollar will continue weaker...WE ARE IN A WEAK DOLLAR GLOBAL ECONOMY NOW.
Yes, hard assets like gold and oil will creep higher...based MOSTLY on the weak dollar but also on the "headline" version of expansion in Asia and India.
Yes, the US consumer will continue weakening...mainly because the home equity ATM is no longer working...and real estate is glutting the markets.
Yes, foreigners will continue supporting the US Bond markets...and indirectly financing the various "wars" that Washington is spreading across the globe.
IN SHORT, NOTHING HAS CHANGED... PARTY ON! THE "CORRECTION" WAS SO FAST THAT THERE WAS NOT EVEN THE EXPECTED HIGH VOLUME YESTERDAY!
GO FIGURE ON THAT!
WHAT SEEMS TO HAVE HAPPEN WAS SIMPLY A QUICK "BOOKKEEPING ADJUSTMENT" IN ASSET PRICES BY THE MARKET MASTERS...
AN ADJUSTMENT THAT WAS ALMOST DEVOID OF ANY REAL SELLING PRESSURE...!
HENCE, THE BIG "MYSTERY DROP" THAT SEEMED "LIKE A MISTAKE" ABOUT 3PM YESTERDAY ON WALL STREET!! REMEMBER...?
HOW FAKE DOES IT GET!
ANYWAY, THIS MARKET IS BACK IN MOONSHOT MODE...
PARTY ON...THE CENTRAL BANKS ARE STILL IN CONTROL...AND THEY WILL BE FINANCING OUR ASSET BUBBLES BECAUSE THAT'S REALLY ALL THEY CAN DO!
The liquidity will continue to flow into paper assets apace...the central banks will not even have to make a statement about yesterday's action.
None of the underlying problems will be addressed because they don't need to be address...
Yes, the dollar will continue weaker...WE ARE IN A WEAK DOLLAR GLOBAL ECONOMY NOW.
Yes, hard assets like gold and oil will creep higher...based MOSTLY on the weak dollar but also on the "headline" version of expansion in Asia and India.
Yes, the US consumer will continue weakening...mainly because the home equity ATM is no longer working...and real estate is glutting the markets.
Yes, foreigners will continue supporting the US Bond markets...and indirectly financing the various "wars" that Washington is spreading across the globe.
IN SHORT, NOTHING HAS CHANGED... PARTY ON! THE "CORRECTION" WAS SO FAST THAT THERE WAS NOT EVEN THE EXPECTED HIGH VOLUME YESTERDAY!
GO FIGURE ON THAT!
WHAT SEEMS TO HAVE HAPPEN WAS SIMPLY A QUICK "BOOKKEEPING ADJUSTMENT" IN ASSET PRICES BY THE MARKET MASTERS...
AN ADJUSTMENT THAT WAS ALMOST DEVOID OF ANY REAL SELLING PRESSURE...!
HENCE, THE BIG "MYSTERY DROP" THAT SEEMED "LIKE A MISTAKE" ABOUT 3PM YESTERDAY ON WALL STREET!! REMEMBER...?
HOW FAKE DOES IT GET!
ANYWAY, THIS MARKET IS BACK IN MOONSHOT MODE...
PARTY ON...THE CENTRAL BANKS ARE STILL IN CONTROL...AND THEY WILL BE FINANCING OUR ASSET BUBBLES BECAUSE THAT'S REALLY ALL THEY CAN DO!
WELCOME CHINESE INVESTORS...
This is the place for the real deal on globalism, the US economy...and the China Bubble...
Tuesday, February 27, 2007
THE P/E PARADOX...
It's interesting that in 1929 AT THE HEIGHT OF THE BUBBLE.... a P/E of 20 was considered to be ...HIGHLY SPECULATIVE!
BUT TODAY...A P/E OF 20 IS CONSIDERED TO BE ...WELL, RATHER CHEAP...!
IF ALL HELL BREAKS LOOSE IN WALL STREET?
IT MIGHT JUST BE THAT LITTLE CONUNDRUM THAT IS BEING "RATIONALIZED...!"
BUT TODAY...A P/E OF 20 IS CONSIDERED TO BE ...WELL, RATHER CHEAP...!
IF ALL HELL BREAKS LOOSE IN WALL STREET?
IT MIGHT JUST BE THAT LITTLE CONUNDRUM THAT IS BEING "RATIONALIZED...!"
GLOBAL PANIC! HOUSE OF CARDS COLLAPSING...?
Everyone knew that the hyper-liquidity House of Cards would become unstable sooner or later.
Everyone knew that the Chinese Economy was a Freak of Nature that was supporting another Freak of Nature....namely, the US economy...
BUT IS THIS THE "BIG ONE...?"
THE GREAT UNRAVELING, THE GREAT DISEQUILIBRIUM, SO OFTEN PREDICTED?
WELL, AS LONG AS THE BOND MARKET IS STABILIZED...THE REST SHOULD TAKE CARE OF ITSELF...
IF A BANK OR HEDGE FUND FAILS...THERE COULD BE MOMENTS WHEN CONFIDENCE IS SHAKEN... BUT MY HUNCH IS THAT WE WILL BE HEARING FROM THE FED SOON...
THE PROBLEM IS THAT HYPER-LIQUIDITY CAN NOT BE "CURED" BY MORE LIQUIDITY...
THE PRODUCTIVE SECTORS ARE OVER-PRODUCTIVE....AND DECADES OF ASSET INFLATION IS STARTING TO WAG THE DOG...
SO JUST GIVING THE RICH MORE MONEY WILL NOT STOP WHATS COMING...SINCE THE PROBLEM WAS CAUSED BY GIVING TOO MUCH MONEY TO THE RICH!!
SOMETIMES YOU SIMPLY HAVE TO GO BACK TO THE BASICS;
AND FIND NEW POINTS OF EQUILIBRIUM BEFORE YOU CAN GO FORWARD AGAIN... THIS COULD BE 1931 ALL OVER AGAIN...
Everyone knew that the Chinese Economy was a Freak of Nature that was supporting another Freak of Nature....namely, the US economy...
BUT IS THIS THE "BIG ONE...?"
THE GREAT UNRAVELING, THE GREAT DISEQUILIBRIUM, SO OFTEN PREDICTED?
WELL, AS LONG AS THE BOND MARKET IS STABILIZED...THE REST SHOULD TAKE CARE OF ITSELF...
IF A BANK OR HEDGE FUND FAILS...THERE COULD BE MOMENTS WHEN CONFIDENCE IS SHAKEN... BUT MY HUNCH IS THAT WE WILL BE HEARING FROM THE FED SOON...
THE PROBLEM IS THAT HYPER-LIQUIDITY CAN NOT BE "CURED" BY MORE LIQUIDITY...
THE PRODUCTIVE SECTORS ARE OVER-PRODUCTIVE....AND DECADES OF ASSET INFLATION IS STARTING TO WAG THE DOG...
SO JUST GIVING THE RICH MORE MONEY WILL NOT STOP WHATS COMING...SINCE THE PROBLEM WAS CAUSED BY GIVING TOO MUCH MONEY TO THE RICH!!
SOMETIMES YOU SIMPLY HAVE TO GO BACK TO THE BASICS;
AND FIND NEW POINTS OF EQUILIBRIUM BEFORE YOU CAN GO FORWARD AGAIN... THIS COULD BE 1931 ALL OVER AGAIN...
CONSUMERS CONFIDENT ABOUT JOBS....?
Oh Please.... Where do they get this nonsense.... The job market in the US stinks to high heaven unless you're an illegal alien...!!
My BTL, (Bull Shit Tolerance Level), is reaching the breaking point...
My BTL, (Bull Shit Tolerance Level), is reaching the breaking point...
GOLD STOCKS FALLING FASTER THAN GOLD AGAIN
Gold is teasing 700 again...and the Dollar seems headed for 140 on the Euro...and that is simply not consistant with a healthy economy later this year...
Maybe the Chinese know something we don't know...
Maybe the Chinese know something we don't know...
SUCKER FLUSH EARLY THIS YEAR....?
Usually the SPRING SUCKER FLUSH happens in late April or early May...
But this market is so over bought...based on Bernanke's HYPER LIQUIDITY GAMBIT that something just had to give...
Likely this will be only a one day drop...The Street isn't going to let the suckers off that easy... And the Chinese Communists aren't going to give the US Capitalist Greedmongers any reason for doubt...as their "great game" continues...
But this market is so over bought...based on Bernanke's HYPER LIQUIDITY GAMBIT that something just had to give...
Likely this will be only a one day drop...The Street isn't going to let the suckers off that easy... And the Chinese Communists aren't going to give the US Capitalist Greedmongers any reason for doubt...as their "great game" continues...
WILL CHINA BUBBLE CRASH US BONDS...?
The intimate relationship between the Chinese Bubble Economy and the US Bond market is probably the biggest economic threat the world faces today... Not Iran. Not Oil Speculators. Not Osama.
The Chinese economy and the US Bond market are in a toxic relationship...with China acting as the "enabler" of US debt and over-spending...
And the area where the US is overspending the most is on the MILITARY INDUSTRIAL COMPLEX...WHICH IS CURRENTLY DESTABLIZING THE WORLD...
IT JUST DOESN'T GET ANY MORE DANGEROUS THAN THIS...
FORTUNATELY, THE US IS CURRENTLY RUN BY A MORON AND A WAR CRIMINAL WHO IS LIKELY VERY CONCERNED ABOUT HIS FUTURE AFTER HIS WHITE HOUSE DAZE IS OVER...
AND THAT COULD KEEP THINGS IN CHECK UNTIL A NEW MORE SANE ADMINISTRATION COMES INTO POWER IN WASHINGTON...
The Chinese economy and the US Bond market are in a toxic relationship...with China acting as the "enabler" of US debt and over-spending...
And the area where the US is overspending the most is on the MILITARY INDUSTRIAL COMPLEX...WHICH IS CURRENTLY DESTABLIZING THE WORLD...
IT JUST DOESN'T GET ANY MORE DANGEROUS THAN THIS...
FORTUNATELY, THE US IS CURRENTLY RUN BY A MORON AND A WAR CRIMINAL WHO IS LIKELY VERY CONCERNED ABOUT HIS FUTURE AFTER HIS WHITE HOUSE DAZE IS OVER...
AND THAT COULD KEEP THINGS IN CHECK UNTIL A NEW MORE SANE ADMINISTRATION COMES INTO POWER IN WASHINGTON...
COMING DEPRESSION WILL CURE YOUTH NARCISSISM
For many young people today the US economy is like the Titanic racing through the North Atlantic on a dark April night...
No wonder there are so many "Goth-types" in the youth culture today...!
But the cure for our "gloomy" youth narcissism problem is coming...
IT'S GOING TO BE THE NEXT GREAT ECONOMIC DEPRESSION!
AND INDEED, WE SEE ONLY THE SHADOW OF WHATS TO COME ON WALL STREET TODAY...
P.S. I've been traveling in the American Southwest for the last two weeks...No. I have not abandon this blog... My sense of gloom is worse than ever now that I have "refreshed" my memory about what's really happening to the US geopolitically and economically... And alas, only traveling about and seeing for one's self can do this...
Just reading the NYT's editiorial page everyday, while worthy, isn't enough...
Stay Tuned...
No wonder there are so many "Goth-types" in the youth culture today...!
But the cure for our "gloomy" youth narcissism problem is coming...
IT'S GOING TO BE THE NEXT GREAT ECONOMIC DEPRESSION!
AND INDEED, WE SEE ONLY THE SHADOW OF WHATS TO COME ON WALL STREET TODAY...
P.S. I've been traveling in the American Southwest for the last two weeks...No. I have not abandon this blog... My sense of gloom is worse than ever now that I have "refreshed" my memory about what's really happening to the US geopolitically and economically... And alas, only traveling about and seeing for one's self can do this...
Just reading the NYT's editiorial page everyday, while worthy, isn't enough...
Stay Tuned...
Sunday, February 25, 2007
Friday, February 23, 2007
GOLD STOCKS UNDER-PERFORM GOLD...?
How long can this anomaly last...?
With the weak dollar a given...and the FED pumping up the money supply to salvage the house bubble...GOLD WILL KEEP RISING...
BUT WHEN WILL GOLD STOCKS REFLECT THE UNDERLYING METAL PRICE...?
GOLD STOCKS WILL NOT BE DENIED MUCH LONGER...
With the weak dollar a given...and the FED pumping up the money supply to salvage the house bubble...GOLD WILL KEEP RISING...
BUT WHEN WILL GOLD STOCKS REFLECT THE UNDERLYING METAL PRICE...?
GOLD STOCKS WILL NOT BE DENIED MUCH LONGER...
SOONER OR LATER FED HAS TO DEFEND DOLLAR
The notion that the FED can ignore CLEAR TRENDS for a weaker dollar is irrational.
Sooner or later the FED will have to defend the dollar OR experience a disasterous inflation caused NOT BY a strong economy, or the usual suspect a strong labor market, but rather by a WEAK CURRENCY...
A WEAK CURRENCY IS THE CAUSE OF NEARLY ALL MACRO ECONOMIC DISASTERS...YET AMAZINGLY THE MEDIA AND EVEN THE ECONOMIC ESTABLISHMENT TEND TO "FIND" FALSE, BUT MORE POLITICALLY ACCEPTABLE, EXCUSES LIKE WAGE INFLATION, OPEC OR SOME OTHER NONSENSE.
THE WEAK DOLLAR WILL BE THE STORY OF 2007... JUST SIT BACK AND WATCH...
Sooner or later the FED will have to defend the dollar OR experience a disasterous inflation caused NOT BY a strong economy, or the usual suspect a strong labor market, but rather by a WEAK CURRENCY...
A WEAK CURRENCY IS THE CAUSE OF NEARLY ALL MACRO ECONOMIC DISASTERS...YET AMAZINGLY THE MEDIA AND EVEN THE ECONOMIC ESTABLISHMENT TEND TO "FIND" FALSE, BUT MORE POLITICALLY ACCEPTABLE, EXCUSES LIKE WAGE INFLATION, OPEC OR SOME OTHER NONSENSE.
THE WEAK DOLLAR WILL BE THE STORY OF 2007... JUST SIT BACK AND WATCH...
Saturday, February 3, 2007
BUSH KOW-TOWS TO DEMOCRAT PARTY...?
Considering Bush's massive liability to eventual War Crimes charges both domestically and internationally...he's going to need all the friends he can get in a few more years...
And right now he doesn't have many!
And right now he doesn't have many!
Friday, February 2, 2007
ODD BALL COMMODITES ACTION...
GOLD DOWN BIG... OIL UP BIG...?
Clearly higher gold is more of a threat to Wall Street than higher oil...
Clearly higher gold is more of a threat to Wall Street than higher oil...
WASHINGTON REVISES JOBS FUDGE FACTORS!!
THE US ECONOMY HAS NOW CREATED FIVE JOBS FOR EVERY MAN, WOMEN AND CHILD IN AMERICA OVER THE LAST SIX YEARS!!
AMAZING!!
REMINDS YOU OF WHAT MARK TWAIN SAID ABOUT "STATISTICS!"
AMAZING!!
REMINDS YOU OF WHAT MARK TWAIN SAID ABOUT "STATISTICS!"
JOBS AND HOUSE PRICE COLLAPSE CONTINUE!
The BIG STORIES of 2007 will be the on-going JOBS AND HOUSE PRICE COLLAPSE...
This despite the insane hype and happy talk now coming out of Wall Street and Tout TV and other mass media...
The FED wants the Bubbles in stocks and real estate to deflate...but it must also watch the dollar... The decline of the real economy could "help" inflation; thus keeping the FED on hold even while stocks fall... But the dollar and the twin deficits are the Hole in the Bucket that no one wants to talk about...apparently not even the FED at the last meeting!
Now some morons on Wall Street call this the Goldilocks Economy... But I say watch out Goldie here come the Grizzlies!
This despite the insane hype and happy talk now coming out of Wall Street and Tout TV and other mass media...
The FED wants the Bubbles in stocks and real estate to deflate...but it must also watch the dollar... The decline of the real economy could "help" inflation; thus keeping the FED on hold even while stocks fall... But the dollar and the twin deficits are the Hole in the Bucket that no one wants to talk about...apparently not even the FED at the last meeting!
Now some morons on Wall Street call this the Goldilocks Economy... But I say watch out Goldie here come the Grizzlies!
JOBS JOKE CONTINUES...
It's rather interesting the way the JOBS LIE is being presented to the American People...
Consider the BIG JOB PRODUCING CATAGORIES. TO WIT:....
EDUCATION. TEMPS. AND BARTENDING....
Americans are apparently paying out like mad to get "educated" for the "jobs of the future"...
But then they end up actually working as temps or bartenders...in the new "service economy."
Unless of course they train for a low paid ass wiping job in the "health care" sector...
SO, IF YOU SEE A SICK, FAT OR STUPID AMERICAN TODAY....THANK THEM!!
BUT FOR THEIR "HEALTH PROBLEMS".... WHERE WOULD THE AMERICAN ECONOMY BE!!
THEN GO OUT AN GET A DRINK FROM THE LOCAL BAR...AND LOOK AT THE WANT ADS FOR A "TEMP JOB" ....IF YOU CAN FIND ONE...THAT AN ILLEGAL MEXICAN CAN'T DO CHEAPER!
Consider the BIG JOB PRODUCING CATAGORIES. TO WIT:....
EDUCATION. TEMPS. AND BARTENDING....
Americans are apparently paying out like mad to get "educated" for the "jobs of the future"...
But then they end up actually working as temps or bartenders...in the new "service economy."
Unless of course they train for a low paid ass wiping job in the "health care" sector...
SO, IF YOU SEE A SICK, FAT OR STUPID AMERICAN TODAY....THANK THEM!!
BUT FOR THEIR "HEALTH PROBLEMS".... WHERE WOULD THE AMERICAN ECONOMY BE!!
THEN GO OUT AN GET A DRINK FROM THE LOCAL BAR...AND LOOK AT THE WANT ADS FOR A "TEMP JOB" ....IF YOU CAN FIND ONE...THAT AN ILLEGAL MEXICAN CAN'T DO CHEAPER!
THE BIG LIE: READ THE JOBS LIE FOR JANUARY
WANTED!!
TEMPS AND PARTTIMERS! ASS WIPERS! BARTENDERS AND WAIT PERSONS!
Here's the JOBS BIG LIE for January...not much... but Washington is getting more cautious about it's lies these days...(after all their terms in office are almost up...and the criminal courts will come back into play big time once Bush/Cheney etal are finally out of office...)
Nonfarm employment.......p111
Goods-producing....p7
Construction .......p22 (Mostly illegal Mexicans now days)
Manufacturing ......p-16 (Are there really ANY factories left to close and send to China...?)
Service-pr0viding....p104
Retail trade....p4
Professional and business services .... p25
Education and health services ......p31
Leisure and hospitality ....p23
Government ......p14
Government is back up even though taxes are plunging locally. The Hotel, Hospital and Temps are the main stays of the so called "jobs" creation... So if you can mix a drink or wipe an ass YOU'RE WORKIN BABY!
Even retail is up a bit...so basically the government wants us to believe that we're all going on vacation...but we can't afford to shop when we get there because we're in the emergency room for some reason...
THE JOBS NUMBER IS THE BIGGEST OF THE BIG LIES THAT HAVE BEEN PUSHED OUT BY WASHINGTON IN THE LAST MANY YEARS...
TEMPS AND PARTTIMERS! ASS WIPERS! BARTENDERS AND WAIT PERSONS!
Here's the JOBS BIG LIE for January...not much... but Washington is getting more cautious about it's lies these days...(after all their terms in office are almost up...and the criminal courts will come back into play big time once Bush/Cheney etal are finally out of office...)
Nonfarm employment.......p111
Goods-producing....p7
Construction .......p22 (Mostly illegal Mexicans now days)
Manufacturing ......p-16 (Are there really ANY factories left to close and send to China...?)
Service-pr0viding....p104
Retail trade....p4
Professional and business services .... p25
Education and health services ......p31
Leisure and hospitality ....p23
Government ......p14
Government is back up even though taxes are plunging locally. The Hotel, Hospital and Temps are the main stays of the so called "jobs" creation... So if you can mix a drink or wipe an ass YOU'RE WORKIN BABY!
Even retail is up a bit...so basically the government wants us to believe that we're all going on vacation...but we can't afford to shop when we get there because we're in the emergency room for some reason...
THE JOBS NUMBER IS THE BIGGEST OF THE BIG LIES THAT HAVE BEEN PUSHED OUT BY WASHINGTON IN THE LAST MANY YEARS...
TIME FOR THE MONTHLY "JOBS LIE."
Other than turnover in bars, eateries and retail cashiers...there are no jobs "for real" in the US economy...
Of course there will always be very specialized situations where job hopping can occur...but the notion of a "jobs boom" is just nonsense...
If there are so many "jobs" why is the labor force participation rate so low...? Why do thousands show up for a couple hundered low wage jobs at a new Walmart...?
And why are people living off savings for the first time since the Great Depression...
IF THE GOVERNMENT LIED ABOUT IRAQ...AMONG OTHER THINGS...WHY SHOULD WE BELIEVE THEIR "JOBS LIE" WHICH WE CAN SEE TO BE FALSE WITH OUR OWN EYES...ON MAIN STREET EVERY DAY!
Consider this quote:
"It's very hard to capture all the employment that takes place at small companies and new businesses," said Wachovia's Vitner. "The BLS tries to incorporate new business start-ups, but the economy is always changing. For example, young people are much more likely to go out and start a new business today than they were in the past."
ALOT OF PEOPLE ARE GIVING UP ON "FINDING A JOB" AND ARE SIMPLY "STARTING BUSINESSES" TO OCCUPY THEIR TIME... THIS CAN BE GOOD FOR SOME, BUT IT IS USUALLY BAD FOR MOST...
WERE THE "APPLE SELLERS" OF THE DEPRESSION ..."SELF EMPLOYED...?"
AFTER A FASHION YES... BUT THAT IS NOT THE KIND OF SELF EMPLOYMENT THAT IS USUALLY CONSIDERED HEALTHY FOR THE ECONOMY... AT LEAST UNTIL NOW!
Of course there will always be very specialized situations where job hopping can occur...but the notion of a "jobs boom" is just nonsense...
If there are so many "jobs" why is the labor force participation rate so low...? Why do thousands show up for a couple hundered low wage jobs at a new Walmart...?
And why are people living off savings for the first time since the Great Depression...
IF THE GOVERNMENT LIED ABOUT IRAQ...AMONG OTHER THINGS...WHY SHOULD WE BELIEVE THEIR "JOBS LIE" WHICH WE CAN SEE TO BE FALSE WITH OUR OWN EYES...ON MAIN STREET EVERY DAY!
Consider this quote:
"It's very hard to capture all the employment that takes place at small companies and new businesses," said Wachovia's Vitner. "The BLS tries to incorporate new business start-ups, but the economy is always changing. For example, young people are much more likely to go out and start a new business today than they were in the past."
ALOT OF PEOPLE ARE GIVING UP ON "FINDING A JOB" AND ARE SIMPLY "STARTING BUSINESSES" TO OCCUPY THEIR TIME... THIS CAN BE GOOD FOR SOME, BUT IT IS USUALLY BAD FOR MOST...
WERE THE "APPLE SELLERS" OF THE DEPRESSION ..."SELF EMPLOYED...?"
AFTER A FASHION YES... BUT THAT IS NOT THE KIND OF SELF EMPLOYMENT THAT IS USUALLY CONSIDERED HEALTHY FOR THE ECONOMY... AT LEAST UNTIL NOW!
Thursday, February 1, 2007
NYT BASHES BULL MARKET HYPE ON FRONT PAGE.
That's unusual... They usually bury this stuff in the business section...
NEW MAYTAG REPAIRMAN NEEDED...ASAP.
THIS TIME TO FIX THE COMPANY AFTER BEING AQUIRED BY WHIRLPOOL...
AMAZON: BEST ON-LINE SHOPPING SITE...
I think many people are getting sick of the "gamesmanship" and hokiness on Ebay...
Fix prices. Desireable Stuff. And fast service.
FORGET THE BINGO PARLOR MENTALITY ON EBAY...
AMAZON....BINGO!
Fix prices. Desireable Stuff. And fast service.
FORGET THE BINGO PARLOR MENTALITY ON EBAY...
AMAZON....BINGO!
THE ECONOMICS OF "HAPPY FACE." GOLD SOARS!
The Street is in LaLa Land... It will now go up, until it goes down...and that's really the most logical thing you can say about it...
When it does go down...it will go down hard...and a lot of suckers will be trapped holding "investments" not the "trades" that the professionals use...
But Hey, it is SUCKER SEASON afterall...!
When it does go down...it will go down hard...and a lot of suckers will be trapped holding "investments" not the "trades" that the professionals use...
But Hey, it is SUCKER SEASON afterall...!
HEALTH CARE AND THE NEW POPULISM...
Apparently many Americans are sick of seeing the US Health Care System managed like it was an Iraqi "reconstruction project...."
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