We were up 200 plus yesterday when they announced the unemployment only increased 203K and that was just so great. Today, it should go up even more as Unemployment went to 10.2% and hey, it could have been worse. DOW 12000 by end of day. I am so sad, Obambi promised us that when he spent all our grandchildren s money that the unemployment would only go to 8%. Now he is spending our great grandchildren's money and it is still going up. Here comes inflation..
on 11/6/09 8:15 AM DraggonFodder said the following:
> We were up 200 plus yesterday when they announced the unemployment > only increased 203K and that was just so great. Today, it should go > up even more as Unemployment went to 10.2% and hey, it could have been > worse. DOW 12000 by end of day. I am so sad, Obambi promised us that > when he spent all our grandchildren s money that the unemployment > would only go to 8%. Now he is spending our great grandchildren's > money and it is still going up. Here comes inflation..
> DraggonFodder
Looks like a big crash is coming across all asset classes. The tsunami will be Option ARMs, Commercial Real Estate, and Leveraged Commodity and Carry Trade. Probably not until early next year as the FED/Treasury will be propping up the economy on funny money until the moment of reckoning. I am wondering if money market funds will be safe in this forthcoming storm...
unemployments been that n more.you gotta think of all the people the gov doesnt count as unemployed, then you count all the under employed..... the USA is and has been running around 15%...n im being nice.
bob wald wrote: > unemployments been that n more.you gotta think of all the people the gov > doesnt count as unemployed, > then you count all the under employed..... > the USA is and has been running around 15%...n im being nice.
I am inclined to agree with you somewhat Bob. I think more are unemployed than they actually count do to the way that they count. But then these are always old numbers running behind.. rather than forward,
I know three people who were laid off. Two of them are now back working for the same companies. Even school districts had some layoffs. But right now they are working again. My view is limited to this personal experiences but I think that the numbers 'freshness' may be in question.
Where the numbers may be seriously flawed are in construction laborers, day workers, and the under the table workers. Many people who are laid off have no unemployment insurance benefits. The unskilled and day labors wages and spending add up. Construction is full of these jobs.
=?ISO-8859-1?Q?-=3DDirtBag=A9?= <D...@ymail.net> wrote: >bob wald wrote: >> unemployments been that n more.you gotta think of all the people the gov >> doesnt count as unemployed, >> then you count all the under employed..... >> the USA is and has been running around 15%...n im being nice.
>I am inclined to agree with you somewhat Bob. I think more are >unemployed than they actually count do to the way that they count. But >then these are always old numbers running behind.. rather than forward,
>I know three people who were laid off. Two of them are now back working >for the same companies. Even school districts had some layoffs. But >right now they are working again. My view is limited to this personal >experiences but I think that the numbers 'freshness' may be in question.
>Where the numbers may be seriously flawed are in construction laborers, >day workers, and the under the table workers. Many people who are laid >off have no unemployment insurance benefits. The unskilled and day >labors wages and spending add up. Construction is full of these jobs.
I posted a while ago about construction picking up around my area. It's picked up a lot more, even 4 major remodels going on within a block or so of my house. I consider a major remodel increasing the square footage by 30% to 200%. And these are good sized houses to begin with.
I don't know for sure but these folks aren't dumb, so I expect they are financing primarily with prime rate home equity loans, although they probably could pay out of pocket. You know the people getting good loans are the ones that don't need them.
> =?ISO-8859-1?Q?-=3DDirtBag=A9?= <D...@ymail.net> wrote: > >bob wald wrote: > >> unemployments been that n more.you gotta think of all the people the gov > >> doesnt count as unemployed, > >> then you count all the under employed..... > >> the USA is and has been running around 15%...n im being nice.
> >I am inclined to agree with you somewhat Bob. I think more are > >unemployed than they actually count do to the way that they count. But > >then these are always old numbers running behind.. rather than forward,
> >I know three people who were laid off. Two of them are now back working > >for the same companies. Even school districts had some layoffs. But > >right now they are working again. My view is limited to this personal > >experiences but I think that the numbers 'freshness' may be in question.
> >Where the numbers may be seriously flawed are in construction laborers, > >day workers, and the under the table workers. Many people who are laid > >off have no unemployment insurance benefits. The unskilled and day > >labors wages and spending add up. Construction is full of these jobs.
> I posted a while ago about construction picking up around my area. > It's picked up a lot more, even 4 major remodels going on within a > block or so of my house. I consider a major remodel increasing the > square footage by 30% to 200%. And these are good sized houses to > begin with.
> I don't know for sure but these folks aren't dumb, so I expect they > are financing primarily with prime rate home equity loans, although > they probably could pay out of pocket. You know the people getting > good loans are the ones that don't need them.- Hide quoted text -
> - Show quoted text -
WASHINGTON, Nov 6 (Reuters) - Despite reports that the U.S. economic stimulus plan has created or saved thousands of jobs, one area that should have been bolstered by the $787 billion recovery plan -- construction -- continues to shed jobs, according to Labor Department data released on Friday.
> unemployments been that n more.you gotta think of all the people the gov > doesnt count as unemployed, > then you count all the under employed..... > the USA is and has been running around 15%...n im being nice.
> bob wald wrote: >> unemployments been that n more.you gotta think of all the people the gov >> doesnt count as unemployed, >> then you count all the under employed..... >> the USA is and has been running around 15%...n im being nice.
> I am inclined to agree with you somewhat Bob. I think more are > unemployed than they actually count do to the way that they count. But > then these are always old numbers running behind.. rather than forward,
> I know three people who were laid off. Two of them are now back working > for the same companies. Even school districts had some layoffs. But > right now they are working again. My view is limited to this personal > experiences but I think that the numbers 'freshness' may be in question.
> Where the numbers may be seriously flawed are in construction laborers, > day workers, and the under the table workers. Many people who are laid > off have no unemployment insurance benefits. The unskilled and day > labors wages and spending add up. Construction is full of these jobs.
Lawyerkill wrote: > On Nov 7, 4:21 pm, d...@noospam.com (d.) wrote: >> =?ISO-8859-1?Q?-=3DDirtBag=A9?= <D...@ymail.net> wrote: >>> bob wald wrote: >>>> unemployments been that n more.you gotta think of all the people the gov >>>> doesnt count as unemployed, >>>> then you count all the under employed..... >>>> the USA is and has been running around 15%...n im being nice. >>> I am inclined to agree with you somewhat Bob. I think more are >>> unemployed than they actually count do to the way that they count. But >>> then these are always old numbers running behind.. rather than forward, >>> I know three people who were laid off. Two of them are now back working >>> for the same companies. Even school districts had some layoffs. But >>> right now they are working again. My view is limited to this personal >>> experiences but I think that the numbers 'freshness' may be in question. >>> Where the numbers may be seriously flawed are in construction laborers, >>> day workers, and the under the table workers. Many people who are laid >>> off have no unemployment insurance benefits. The unskilled and day >>> labors wages and spending add up. Construction is full of these jobs. >> I posted a while ago about construction picking up around my area. >> It's picked up a lot more, even 4 major remodels going on within a >> block or so of my house. I consider a major remodel increasing the >> square footage by 30% to 200%. And these are good sized houses to >> begin with.
>> I don't know for sure but these folks aren't dumb, so I expect they >> are financing primarily with prime rate home equity loans, although >> they probably could pay out of pocket. You know the people getting >> good loans are the ones that don't need them.- Hide quoted text -
>> - Show quoted text -
> WASHINGTON, Nov 6 (Reuters) - Despite reports that the U.S. economic > stimulus plan has created or saved thousands of jobs, one area that > should have been bolstered by the $787 billion recovery plan -- > construction -- continues to shed jobs, according to Labor Department > data released on Friday.
Am I missing something here? Like where is Mr. Average unemployed Joe going to get a JOB? Or does he even need one any more? !!
THEY are actually talking about a JOBLESS RECOVERY. What the hell are people going to use for money? I guess we just print money to re-inflate the system.. Fu*k the dollar is fu*ked.. thats double fu*k'd.
> Lawyerkill wrote: > > On Nov 7, 4:21 pm, d...@noospam.com (d.) wrote: > >> =?ISO-8859-1?Q?-=3DDirtBag=A9?= <D...@ymail.net> wrote: > >>> bob wald wrote: > >>>> unemployments been that n more.you gotta think of all the people the gov > >>>> doesnt count as unemployed, > >>>> then you count all the under employed..... > >>>> the USA is and has been running around 15%...n im being nice. > >>> I am inclined to agree with you somewhat Bob. I think more are > >>> unemployed than they actually count do to the way that they count. But > >>> then these are always old numbers running behind.. rather than forward, > >>> I know three people who were laid off. Two of them are now back working > >>> for the same companies. Even school districts had some layoffs. But > >>> right now they are working again. My view is limited to this personal > >>> experiences but I think that the numbers 'freshness' may be in question. > >>> Where the numbers may be seriously flawed are in construction laborers, > >>> day workers, and the under the table workers. Many people who are laid > >>> off have no unemployment insurance benefits. The unskilled and day > >>> labors wages and spending add up. Construction is full of these jobs. > >> I posted a while ago about construction picking up around my area. > >> It's picked up a lot more, even 4 major remodels going on within a > >> block or so of my house. I consider a major remodel increasing the > >> square footage by 30% to 200%. And these are good sized houses to > >> begin with.
> >> I don't know for sure but these folks aren't dumb, so I expect they > >> are financing primarily with prime rate home equity loans, although > >> they probably could pay out of pocket. You know the people getting > >> good loans are the ones that don't need them.- Hide quoted text -
> >> - Show quoted text -
> > WASHINGTON, Nov 6 (Reuters) - Despite reports that the U.S. economic > > stimulus plan has created or saved thousands of jobs, one area that > > should have been bolstered by the $787 billion recovery plan -- > > construction -- continues to shed jobs, according to Labor Department > > data released on Friday.
> Am I missing something here? Like where is Mr. Average unemployed Joe > going to get a JOB? Or does he even need one any more? !!
> THEY are actually talking about a JOBLESS RECOVERY. What the hell are > people going to use for money? I guess we just print money to > re-inflate the system.. Fu*k the dollar is fu*ked.. thats double fu*k'd.
I am willing to bet that after the JOBLESS RECOVERY will come the PROFITLESS RECOVERY.
what you people dont see is this gov money used to hire people.is just taking from some people n giving to the other group.and after its finished...back to being unemployeed. or tax more n do it all over again.... whatever....every1s poorer..in not unemployeed.
> what you people dont see is this gov money used to hire people.is just > taking from some people n giving to the other group.and after its > finished...back to being unemployeed. > or tax more n do it all over again.... > whatever....every1s poorer..in not unemployeed.
everyone should read http://jim.com/econ/ Economics 101 is a great read and once you understand it you can jump into any other economics book with your bullshit detector well primed. Revolution against the moneyed crowd!!!
