BLS: Job Openings decrease slightly in September, Low Labor Turnover
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CalculatedRisk on Tue, 11/09/2010 - 8:24am (438 comments)
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Srsly?
.
You can't have high turnover with low job openings, can you?
Wholesale inventories and sales rise in September - Yahoo! Finance
Yep, Ms Sippn was personally involved in the high turnover, low job opening thing....hmmm
Anybody that has a job values it with their life, everybody knows somebody that's been laid off, and despite all efforts, can't find another one.
Juvenal Delinquent wrote:
My life is not worth that much anyway.
How the Presidency Is Invading Your Home - Ben Lieberman - Mises Daily
Nuthin' 'bout guns....
We need a "turkey" icon... not just for Thanksgiving...
edit: well, I guess we have
already. Never mind.
Krazy Karl nailed it when he said businesses would either layoff or curtail hiring in the face of ramped cost inputs. Seriously, how can any business plan on job growth when 1) you don't know where the commodity moonshot ends and 2) not sure how much of the increased costs you can pass on (margin squeeze).
Cinco-X wrote:
Obama, keep your hands off of my Chinese drywall!
Only about 5 miles from where all that warehousing space is availabel for lease on the 5 freeway I mentioned last thread, was an interesting U.S. Army experiment-camels, headquartered @ Fort Tejon in the late 1850's, it didn't go well.
The Camels of Fort Tejon Marker
black dog wrote:
Big businesses have become fat, dumb and happy. Cutting off a few heads will remove some excess fat.
Slogan for the month: Dismember the
Corporations!
Juvenal Delinquent wrote:
Smoke 'em if you got 'em.
....I wonder how they categorize these 5000-employees?
Sara Lee slims down in $959M bakery sale to Bimbo - Yahoo! Finance
MB wrote:
"Obama's gonna pay my contractor's bills!"
.
(...with my munaye!)
Like I posted earlier, you want a job-Move to China or elsewhere in Asia-that is where the American companies/banks with fresh liquidity from the fed reserve are going and creating jobs. Its completely outrageous.
Meanwhile, losses are socialized, profits privatized and sheltered for these large companies. The GAO reports over 2/3s use complex schemes to avoid taxation with of course endless swiss cheese legislation making it perfectly legal. It wouldn't matter if corp. taxation was 1%, these methods would still be utilized.
The following is simplified in my opinion and only addresses a few of the schemes. Companies like Exxon and others use different mechanisms but with the same results
This creates a gigantic gap in revenues that to date have been filled by an over-burdensome share shouldered by small businesses and individuals who should be outraged at the extra-special treatment.
Bypassing US Taxes | The Big Picture
Instead congress and state legislatures will use silent taxes and the same old divisive means which worked in the past. I predict this time, it won't work since none of these heroes of business and industry have the backbone to invest in the nation that provided them the freedom and opportunity to be successful.
.
Over 4 million jobs were lost in September (seasonally adjusted) and over 4 million people were hired!
Lateral moves?
Indian Minister Asks Obama To End Turban Frisking - cbs13.com
Apparently has no issues with genitalia groping....
Bimbo arrived in my local. Looks like WB on steroids....
Nobody doesn't like Sara Lee, except for maybe the laid-off employees?
Black Star Ranch wrote:
New jobs created just like the Census did.
US interactive guide: US interactive guide | The Economist
Very nice interactive maps of pop. GDP, UE, etc....
Can you get aroused when your turban is frisked?
U.S. Army experiment-camels, headquartered @ Fort Tejon in the late 1850's, it didn't go well.
Can you imagine what the contractor had to go through to deliver two dozen camels to Fort Tejon in 1859?
Low interest rates are allowing corporations to borrow cheap. With growth stagnant the best use (in many cases) of new debt by companies is to acquire other businesses and root out redundancy (layoffs).
You're doing a HECK OF A JOB, bernankie.
Steal this book: The loan arranger | The Economist
ICE Starts Accepting Gold As Initial Margin Collateral For All Energy And CDS Trades | zero hedge
Interesting.
How bout some Beatles:
YouTube - You Never Give Me Your Money
'Out of college, money spent
See no future, pay no rent
All the money's gone, nowhere to go
Any jobber got the sack
Monday morning, turning back
Yellow lorry slow, nowhere to go
But oh, that magic feeling, nowhere to go
Oh, that magic feeling
Nowhere to go'
...the MIC?
Military Industrial Camels
.....maybe it's me.....foreign oil, foreign trinkets, foreign cars is one thing..........foreign owned & manufactured food gives me the creeps......I guess I gotta start making my own pastries now?.....sheesh......like I'm not busy enough with the butter, yogart, dog/cat food, animals and garden.
black dog wrote:
You misspelled "increase productivity"...
Monetary policy is not a total and catastrophic failure. I don't care what this chart says.
OT:
U.S. growth outlook broadly unchanged: Reuters poll
| Reuters
In a survey of exceptionally clueless Ph.D., the consensus answer was "I don't know, what about you?".
Black Star Ranch wrote:
Nah, I think Obama's gonna make those for you.
black dog wrote:
Businesses don't think in terms of what's good for the overall economy; just what's good for their business.
Do you think higher interest rates would somehow result in more jobs created or less jobs lost?
Black Star Ranch wrote:
So if foreign food is so dangerous, howcum 95% of the Earth's population is made up of foreigners?
Black Star Ranch wrote:
You're equating food with products from Sara Lee?
MB wrote:
When/if folks begin to feel safer, low interest rates may/probably will result in capital flight. If that were to occur, higher interest rates might actually bring capital to the US of A...
Cinco-X wrote:
LOL.....
Full Disclosure: Since giving up "the sauce", I have a big time sweet tooth - Sara Lee was a personal friend of mine.....
like it wasn't creepy that Philip Morris used to be one of the largest processed foods manufacturer, via its ownership of Kraft?
I'm a label reader BSR. There's some nasty stuff in a lot of products now even just plain old bread-I'm making my own again after a hiatus. Even base ingredients for flours one must be careful or origins of vital wheat glutens, soy products, etc as some are exported to other nations to be processed and then returned to the US. Same is true for pharmaceuticals although fewer and fewer end mfg is located here now and they have been busy consolidating. So even though a product made say made in the USA, it doesn't mean the base ingredients (or for industry-metals, etc.) originate from the USA. This is really dangerous in health care products and increasingly in human food products.
It gives me the creeps big time. Fortunately, sourcing is a little easier than it once was. I'm getting OCD about it, more and more.
Our xenophobia knows no bounds.
Black Star Ranch wrote:
...and you Senator are no Sara Lee.....
Cinco-X wrote:
There's plenty of capital in the U.S. already, but it's not morphing into jobs.
Black Star Ranch wrote:
BTW, there was some discussion of milk price supports earlier, and I thought you'd be a good one to weigh in on them....
the illusion of a half-assed working economy stumbling along was built up over many decades,
meaning that a return to even that shaky confidence level will not happen any time soon.
from the overnight threads:
1) We are disadvantaged by our cost of living in a global labor market. - Blackhalo
2)Wage adjustments which bring U.S. incomes more inline with India and China will make servicing the national debt impossible, imo. - RATM
2)the current minimum wage will be the new median income if nothing is done to interfere with globalization and robotics. - mock turtle
probably can't be said any better -
Had a Sara Lee bagel this morning, with some nutella (that's swiss I imagine), so yea I guess I eat foreign owned food....
Watched a news article about a "financial manager" who hit and run (left the scene) a bicyclist and the DA has lowered his charges from felony to misdemeanor. hoocood
ac wrote:
The Many Faces Of Deleveraging
Juvenal Delinquent wrote:
Once again, we're No. 1!!!
barfly wrote:
+1
Not fair JD:
I'm not xenophobic. I am wary after defective products from overseas have caused preventable deaths and illnesses as the QA processes are highly dubious. It wasn't just pet food. Smell your cholesterol medication and your Tylenol to make sure it wasn't on that moldy platform before it was packaged. Cutting cost corners in unethical ways is what I'm phobic about.
sportsfan wrote:
Parse my statement more carefully and please don't misquote or quote me out of context again.
The planned phase-out of turban-frisking is proceeding according to our timetable, and will be done in a responsible way to ensure that the turban-frisking draw-down is done in a safe, economical, and sustainable way, with due attention paid to the opinions and values of our important friends and allies in the region.
.
As an ongoing part of our turban-frisking draw-down plans and assessments, I have recently asked some of my administration's smartest advisors, patriotic men and women like Secretary Clinton and Secretary Geithner, to prepare a multi-point turban-frisking guideline and implementation memorandum, and when they have completed their thorough review and analysis, they will report their findings and recommendations directly to me.
.
Next question.
I wouldn't touch any Chinese-made foodstuffs in the supermarket, on account of them proving themselves not worthy, but i'll continue to eat Chinese food once every couple weeks here, to even things out.
Do you think higher interest rates would somehow result in more jobs created or less jobs lost?
I've stated before that unless more fiscal policy forthcoming I think the federal reserve should raise rates. It would be a form of fiscal policy by forcing the treasury to pay out more in interest, which investors could then spend in the real economy ... creating jobs (hopefully). I think the greenspan conundrum is still in play with the long end of the yield curve not moving much if any.
We're in a liquidity trap and something needs to be done to get the ball moving again.
Cinco-X wrote:
Got something stuck up your ass, this morning? You weren't misquoted or quoted out of context.
Takes 60 Seconds, And Learn The Future Of The Energy Industry
oh yeah, doped and turbo-hormone cows are way to go. Mosanto..that especially is a nice way to go!
Well, this is unexpected California Missile Launch
sportsfan wrote:
Look Jackass, I clearly said: "When/if folks begin to feel safer, low interest rates may/probably will result in capital flight." Since this was a precondition for the validity of my statement, ignoring it was clearly a misquote. Back to the ignore list for you-
black dog wrote:
I seem to recall a large portion of our treasuries are owned by foreigners and sovereigns. Paying more interest on them probably wouldn't create more jobs in the U.S.
Fiscal policy seems to have taken a back seat to monetary policy which is why the Fed is drawing so much heat these days.
Juvenal Delinquent wrote:
JD, I don't much like the westerly neighbor or his dog either, and he isn't foreign - but I wouldn't eat him or his food either!
Still making new relationships with the same techniques I see.
Cinco-X wrote:
Look, jackass, that isn't a precondition, it's simply one of many conditions that would cause capital accumulation.
I said capital already exists in sufficient quantities. That's called a response.
Eric Cartman, who asked for your opinion?
Lollipop wrote:
I heard the paylode was QE2
Lollipop wrote:
Anyone seen any dolphins lately ?
Rob Dawg wrote:
I had him on my list for months, and took him off to see if he'd learned to behave...No such luck-
Looks like I dropped back in to the same old, same old. Do we need two separate playgrounds on HCN?
Black Star Ranch wrote:
I love that stuff. I always try to buy things approved by councils of Islamic clerics when I get South Asian food, because I reckon what happens if you cheat on your Halal inspections is being stabbed to death and having your body lit on fire. That's some food quality assurance I can believe in. In America, some dude just gets paid off and you get served melamine certified free of melamine.
More seriously -- this is the future of America. It's going to go from a 'foreign market' to 'foreign owned'. You loved the tanks and planes and aircraft carriers, the cops and the dogs, the wars and the prisons. Now you pay the price. A cheap dollar we export for everything we use can't but end in everything in America being owned by the people who hold the notes. The money has to go somewhere.
But don't worry, they'll keep American brand names and American front companies. As they cut the tops off your mountains and export the coal, it will be American cops who beat you down for protesting, while all-American Sarah Palin fanboys pound the pud at home screaming about you fucking hippies hate America.
The West fucked the Chinese so hard in this fashion in the 19th century, there's really no way they're not going to repay it.
Hmm is it monetary policy or confidence... I ponder.
Time to get productive. Talk amongst yourselves.
China's Rogue Ratings Agency Just Downgraded The US From AA To A+
PeeDeeEff Warning:
http://www.dagongcredit.com/dagongweb/uf/USARatingReport.pdf
I seem to recall a large portion of our treasuries are owned by foreigners and sovereigns. Paying more interest on them probably wouldn't create more jobs in the U.S.
You don't think foreigners will spend any of their new found money on US products?
Trillions of the US debt is owned by americans. The past year j6p has been putting hundreds of billions into bond funds ... far outstripping j6p's new money going into equities.
The opiate of our masses is masses.
poic wrote:
Can we has European
bondBlond Spreads playground?Cinco-X wrote:
Don't you just love how an agency that tells the truth is considered "rogue"?
Cinco-X wrote:
Interesting, but (as would be expected) a lot of ifs there. Thanks.
Close Fannie And Freddie, Liquidate Bubble Debt And Ban Progressive Economics
TJ and The Bear wrote:
black dog wrote:
No, they're going to buy the companies and -- mostly -- the resources. And a bunch of fake-nationalist "Republican Conservatives" will go great guns about how America needs to rape its unspoiled wilderness for the foreign interests that are paying them off. All done under the auspices of some red, white and blue sounding shell company like "Patriot Resources" no doubt.
MB wrote:
The future is like that.....
Which U.S. rating agency would be considered rogue?
There isn't one...
Jesse's Café Américain: Net Asset Value of Certain Precious Metal Trusts and Funds: Wall Street Takes 8 Percent of M1
Mother Fu*kers.
Cinco-X wrote:
That's a start.
China Downgrades United States Credit
Tuesday, November 09, 2010 10:08:03 AM
(CH) Chinese rating agency Dagong Global Credit downgrades US credit rating due to QE program (update) - Chinese press
Byzantine_Ruins wrote:
Why we should pay that? The Chinese actually thought THEY would easily win the Western Powers as THEY SAW themselves as RULERS OF EARTH! That is why they saw and continue see those war as "great insult". Well, shit happens...
Even Soviet Union did a couple of rounds of artillery fire exhanges with China in the 1960's. Everybody is screwing everybody...that was the main basis of more intense cooperation in European Union later on. Divided Europeans did not stand a chance in the new global economy but together, maybe.
TJ and The Bear wrote:
Ratings agencies are carefully propagated parts of the Western financial oligarchy. These Chinese guys are enemies of the state-system.
The Emperor of Ice Cream wrote:
No, they're going to buy the companies and -- mostly -- the resources.
No doubt. But if they provide jobs and investment HERE I have no problem. The raping will continue no matter who the masters are.
The Emperor of Ice Cream wrote:
LMFAO.
"Do I look like Mrs. Obama?"
Byzantine_Ruins wrote:
Cue NaRM's flags and eagles... and "America the Beautiful" playing in the background, as camera pans over fields, forests, and mountains...
PBOC Academic Adviser Questions Dollar's Global Role
Li Daokui, an academic adviser to China's central bank, said it could be seen as "absurd" that the dollar remains a reserve currency after the financial crisis.
YUP shill.
Like I posted before about the Abacus thing...it was just ONE small example of an industry wide practice. The SEC settlement was a mind-blower but the show goes on.
At Goldman, it’s fool me twice MarketWatch First Take - MarketWatch
Its one hell of a slow moving story line but I'm patient.
China Downgrades United States Credit in [Market-Ticker]
LoserBeachBum wrote:
Oh yah, you're one of those British opium pedllers, aren't you. Nothing like selling addictives to a captive populace, in case you thought America had set some king of bar for moral lows.
Gosh where did your moralizing chest-beating go this morning?
Shameful what's become of our country, ain't it?
shill wrote:
It could be considered so, but on the other hand, if we shut off our consumer marketplace to their goods, they will probably sing a very, very different tune....
Citi: We Just Got The Signal That Foreign Central Bankers Will Begin Selling Dollars
Of course, this has been Bernanke's strategy all along to force the Chinese to de-peg...
[ it appears job openings are still trending up]
How wonderful. Still, it's difficult for me to imagine why an individual would voluntarily leave a job for a new opening that pays less. So these new lower wage openings get filled eventually by the unemployed about to lose UE benefits.
Gradual decline.
Juvenal Delinquent wrote:
A bankster's gotta eat, too... eat the GDP of a small country, that is.
Byzantine_Ruins wrote:
F
, we sold addictive credit to our own citizens...
In the East they save face, but in the West we lose face value.
ResistanceIsFeudal wrote:
You mean California, right?
Utterly disgusting...how many more fucking Millions do these people need or want...I yern for the day when America wakes up one day, but alas, if they are voting the likes of Barney Frank back into office...we have a long road ahead.
What is that famous American terminology... oh I know.. " Oh I don't pay attention too that sort of thing "
The criminals DO! because they can.
Cinco-X wrote:
Is there anything about their analysis that the
sters here disagree with?
We Are Only In The Eye Of The Recession Hurricane
Juvenal Delinquent wrote:
RIF wrote:
I just don't get that 5-letter word G R E E D.
All they want is more...
What's funny is, their luxury items aren't really that much better than ours, just more exclusive-just like them.
Nanoo-Nanoo wrote:
BTW, I recently read that CA now has the world's 9th largest economy, so it seems some country has surpassed it as of late.....
poic wrote:
Things do seem a tad testy, huh? Though I generally find myself in agreement with Sportsfan, good old Cinco (when not reciting talking points) has made some cogent points and I'm not sure why old SF is getting snippy about it.
Juvenal Delinquent wrote:
The law of diminishing marginal utility meets the law of exponential debt growth.
black dog wrote:
Yeah, comparative advantage. We can be a tourist destination and a resource center. Maybe the IMF can help us with some 'development strategies' meaning, make loans to our bankrupt rulers that further indebt us, then we'll provide preferential market access to national resources in exchange for restructuring the debt that disappeared into the pockets of individuals.
What are you thinking dude? Life as a Third World country is not something to welcome. 3 people will get jobs strip-mining for bauxite, 30 will get jobs cleaning houses and sucking dicks of foreign contractors, and 300 will starve in favelas. I came into being a US policy critic because I was an international business and development guy who saw his country going down the wrong road. Trust me you do NOT want that.
You just don't get it. Asians were and are still living in a feudal system, strict pyramid hierarchy, although it is easing especially in Japan and Korea. Silent revolution going in those countries among youngsters.
Pyramid means if the someone higher level says, you guys should kill this X or Y, they will do it. And THEN they go to the temple for paying their respects against the revenge of the ghost of the murdered.
MB wrote:
My only argument is that I think they fail to recognize how important our consumer economy is to them and to the world as a whole.
Cinco-X wrote:
A generation ago the president had a hotline and a switch to lob ICBMs at Soviets & China.
Now the switch is international trade, with China
Barry, a call on the hot line. Throw the switch.
A country whose "solvency is on the brink of collapse" is downrated from AA to A+? Yeah, just a little bit of credibility problem there.
Juvenal Delinquent wrote:
They were all 100 percent honest until the moment it turned out they weren't.
bearly wrote:
Seriously! Of course, it will mean mutually assured destruction of both of our economies....
Technically we got a B+, but as we're the teacher's pet and owe them a lot of money, they graded us on the curb.
Very old mind set there cinco....they do not need us to progress...you will see this very soon.
Rememebr Ye who holds the most Gold calls the shots...been a long time since Fort Knox's has been Assayed...long time.
shill wrote:
Something we agree on!
bearly wrote:
Wages in my field have dropped almost 50%. RRE management. Fees are lower due to sales agents hunting more / stable income, so increased compition. Rents are down so % fees are lower. Comm on sales are lower due to lower housing prices. Wages paid are lower due to lower co income.
Clear Capital: home prices drop 5% in three months « HousingWire
National home prices fell 5% for the three months ending in October, while double-dip disparity still rages on a micro-market level, according to the Clear Capital Home Price Index.
The data joins a chorus of bad news, both on Altos Research's falling home prices and an unexpected rise in mortgage defaults for first time this year according to an Amherst Securities report.
I agree. The Chinese have been busy hollowing out the European economies. They have a LOT of markets now.
I leave for a while and another food fight breaks out!
What are you thinking dude? Life as a Third World country is not something to welcome.
I do not welcome it. Just acknowledging what 30 years of living beyond our means has wrought.
LoserBeachBum wrote:
Yeah I do. I mention how "Great" Britain peddled poison to the wogs and suddenly we have to have a discussion about how Asian social systems are inherently hieratic, and look at the size of that elephant.
shill wrote:
Every economy that is export driven relies on the US. They'll need a new economic model to survive a transition. If they don't want to de-peg to avoid political unrest at home, what would happen if they had to shut down 90% of their factories if the US shut its borders?
"It could be considered so, but on the other hand, if we shut off our consumer marketplace to their goods, they will probably sing a very, very different tune...."
Oww!!! Don't hit my funny bone so early in the morning?
Where am I going to get my $15 toaster that only last 6 months if we do this?
sportsfan wrote:
Quick, somebody get the fainting couch for Cinco. He's got the vapors again. Oh glory be.
Lobbyist Ben Dover wrote:
Concerning?
glimmerman wrote:
Now... take THAT and annualize it.
black dog wrote:
You lower the expected IRR to a less greedy amount so the commons can benefit.
black dog wrote:
The time to become a radical nationalist is before they prostrate you and rape you. There's no justice in the looting of a nation.
We need to repudiate these debts and curtail foreign influence in the US electoral and economic system before they carry off our treasures.
Cinco-X wrote:
I still don't understand why they don't roll them all into the FHA. Better to have one truly govt owned housing agency than three, two of which pay their executives millions of dollars.
They are a people of a Billion Plus...we are just north of 300 million....I think China can and will be self sufficient without us. If anything we will be migrating there for work.
Many will look back at the US and use it as an example of what a corrupt Government can do to a Country of many.
"Rememebr Ye who holds the most Gold calls the shots...been a long time since Fort Knox's has been Assayed...long time."
Uncle Sam’s Mysterious Hoard - Magazine - The Atlantic
The same anti free speech folks from yesterday. Off to lunch and fun, Later.
flaminia wrote:
Low cost producers for Europe are in the old Soviet block. That, and Europeans don't seem to be as consumer driven as the US, and they have much fewer qualms about tariffs.
Byzantine_Ruins wrote:
Whoa! dont' hold back!
The only wrinkle in this scenario is that transportation costs are what enable this system - as oil takes off, expect that the margins that enable cheap labor in low-cost production places will shrink and manufacturing closer to home will gain some ground.
Monetization also screws the Chinese. Say what you will about higher interest rates helping J6P (or rather, say what Black Dog does) but in the end, we pay off the Chinese with cheap dollars. I don't see a global race to beggar thy neighbor helping anyone though.
glimmerman wrote:
Damn it feels good to be a bankster.
black dog wrote:
In and of itself, however, 30 years of living beyond our means has not wrought this. We have a problem much deeper, and it sits atop the pyramid of power and money we've erected.
That turban frisking story got me remembering - back in the early '80s when the Khalistan ( independence nation for Sikhs ) movement was going strong - turbans made a strong comeback; but I used to wonder and scan the turbans surreptitiously to see if I could detect whether the guy was really a "shaved" Sikh ( official term ) and was just putting it on.
No different, from a decade and more earlier when looking at skirts and trying to figure out.. nahhhhh TMI..
Perhaps, then, it's a good thing all around that we're going to be caught in gridlock. Absent a lame duck UE extension, the world will get a taste of what it's like to lose it's primary consumer - and J6pac will too.
Cinco-X wrote:
The shelves at WalMart would be empty, as well as many shelves at Radio Shack, Best Buy, Cosco, Frys Foods. There would be no shoes, tee shirts or jeans available.
Gary wrote:
Gary, can you explain to us skeptics once again how you liberal mathematical wizards plan to provide free health insurance to 30MM uninsureds. I must have missed the calculations in the free part of first lesson.
poic wrote:
I hear ya'! The micro-wave we bought when we got married lasted about 15 years. Since then, I think we've been through another 5 or 6 of them. Who cares if they're 1/4 the price....
Cinco-X wrote:
Isn't this a shot at a QE2 strategy they see as a tactic for making their exports to the US more expensive? Or am I missing something?
glimmerman wrote:
The entire argument is to get the government OUT of the housing market...
*
Lobbyist Ben Dover wrote:
I gotta eat lunch and get to work as well....
You lower the expected IRR to a less greedy amount so the commons can benefit.
CEO: "cut bonus or employees? Hhhmm"
You don't think foreigners will spend any of their new found money on US products?
Not that much unfortunately. We make three kinds of stuff.
shill wrote:
That you can say that with a straight face is just stunning...what, pray tell, did old Barney's replacement say, within a day of the elections? Hmm?
America has just announced the complete rejection of even the pretense of going after Wall Street and the Graftopia to open-armed embrace.
Cinco-X wrote:
It's not a cultural difference. It's a cash flow problem. If you're taxed at ~80% it stands to reason your ability to consume might be somewhat constrained.
In "Six War Years" by Barry Broadfoot, a collection of oral history of World War 2, as seen through Canadian eyes, an enterprising Canuck realized that the USA was going to have to go to war eventually, so he spent a year buying used auto parts, tires and anything automotive he could get his hands on for cheap, and rented a few warehouses to store it all in, and then came Pearl Harbor, and within a few years he was the only guy that had a replacement radiator for a 1938 Ford, etc, etc., and he made like 10-20x his investment back.
There will be most certainly items that will become as scarce here in the next few years, but what exactly?
OT: GOLD.
For Eric the puts, who I abandoned as reliable source when he belittled my understanding of parabolic curves, and his sidekick, What_Do_You_Expect_from_Oxnard, who missed this move in gold to 1424 this morning, how are you fixed for gold or silver? Yes, HomeBoy, I took a large position back then.
PARABOLA's: I'm expanding briefly on the impact of parabolas on those who do not suffer cognitive dissonance.
Parabolic curves ALWAYS, as in A L W A Y S, are followed by indecision and a collapse. This is post coital normalcy.
We are witnessing parabolic moves in silver and gold. Duh, hoocudanode??
It would be very wise for you to study intensely and immediately the denoument of parabolas. Preplanning will make the other side of ecstasy quite wonderful as well as the front side, with all its celebratory joy for those who are not short and not out.
This parabola is now beyond the elbow. It's also taking place on a daily basis. Parabolas all reach climax. Some are longer than others, but none are over a certain length. Most are normal. Some extend, but not much further.
Maybe the putz is an expert or What Do You Expect will be, yet again, especially when it comes to engineering the angles, on that too, and will shed the light on this country bumpkin's ravings.
(And Homey, yes, before I got out of bed today, the numbers reflected such a large increase that I teased one of my younger acolytes that I was done for the day and thought there was no reason that I could think of to get out of bed.)
Be ready, those who in gold, for the parabolic smackdown, a steep, unstopping retracement, leaving most who have entered lately in serious financial trouble, with massive losses. The phrase is, "pigs get slaughtered." And for the Homeboys, they keep their eyes on the winning hand, spousal genetic luck.
There is no such thing as a "consumer economy", despite the business media propaganda spew.
There is consumption and there is production. "You keep producing and we'll keep consuming
" is not a sustainable 'business model'.
"The micro-wave we bought when we got married lasted about 15 years. Since then, I think we've been through another 5 or 6 of them. Who cares if they're 1/4 the price...."
+10
vtcodger wrote:
They'll buy the same things rich capitalists buy here -- arable land, existing businesses, and politicians.
Comrade Scott wrote:
In case it's not clear, my problems with Republicans are that they are provincial xenophobes and I'm a cosmopolitan, and that they are claiming ultra-nationalism but delivering wooden-headed romanticism.
Cinco-X wrote:
I don't see how that happens in the forseeable future.
OK, stupid Americans. Only this time and for free! How you gonna bring back the industrial base?! Well, I got an answer for you. It is called Cessna, Gulfstream and Piper Aircraft, Incs. The airplane industry, they actually never LEFT! And why they never left? QUALITY!
Wheeeeeee, sm_lanlord, down goes First Majestic Silver Corp.
Still eagerly watching all the bubble pumped silver company mining stocks with anticipation for a huge crash.
glimmerman wrote:
Be cause a lot of "free market" investors hold their bonds..their government guaranteed bonds...and those bondholders would be wiped out.
I am anti free nothing...speak away...All I am saying is what many felt or thought ( Econo 101 ) was going to happen isn't, and what you said was not going to happen is..So buck up you were wrong and get over it. If anything your attention should be focused 100% on your Family and how they are going to survive the next leg up if you will.
And that is the dam truth...lunch indeed.
bearly wrote:
For starters, the right plan was HR 676 (wiki it).
Second, we have no resource problem, we have an allocation problem. Increase marginal income tax rates and additional brackets. Restore estate taxes. Tax investment income as ordinary income.
We have reached the danger zone of both wealth and income inequality. If it is not addressed, we become Mexico.
ResistanceIsFeudal wrote:
+10
I hear ya'! The micro-wave we bought when we got married lasted about 15 years. Since then, I think we've been through another 5 or 6 of them. Who cares if they're 1/4 the price....
One of the (many) benefits of cheap digital electronics. Simple mechanical stuff that works or is easily fixed is driven out of the market place by complex fragile stuff that often sucks.
If "since then" > 22.5 years, then you're ahead. Or is algebra too hard sonny?
bearly wrote:
It isn't free. If you took the trouble to examine even one of the more than 3 dozen models of universal health care employed by the civilized countries on this planet, you'd know that.
But perpetual, willful ignorance is such a comfort to some.
That's a benefit?
Ah. I didn't get the snark w/o the tag.
Slumdog,
Throw down your CAP-gun and come out real peaceful like, hands up high where I can see em', nice & easy, no funny business, mister.
MB wrote:
Go easy on him, he's illiterate and may be carrying the crushing weight of an extra chromosome.
We have reached the danger zone of both wealth and income inequality. If it is not addressed, we become Mexico.
Ya mean we can export drugs? Great, we need a new export industry.
Now then, how do we securitize it?
MB wrote:
Funny, it was sold as free, with no new taxes needed to fund it. So, we were lied to?
LoserBeachBum wrote:
Yeah, and with a TSA affiliate in every factory, at the manufacturer's expense.
When you argue with bearly, Hitler laughs.
shill wrote:
this is the stuff of wars..but only the female president of Brazil has the balls to say it.
My Aunt was dying of cancer in Calgary in 2002 (in a wonderful hospice, I might add) and we went up to say goodbye to her, and upon going through the airport on the way back, the lone guy in chage of the x-ray machine was a Sikh with a turban, and I was trying to imagine his American Sikh counterpart doing the same job here?
Not that much unfortunately. We make three kinds of stuff.
Before raising interest rates I would pursue a path of fiscal policy geared toward sustainable jobs growth in a field with an exportable technology (alternative energy with knock ons) and to a lesser degree infrastructure refurbishment.
bearly wrote:
I think you're referring to the Iraq War.
Byzantine_Ruins wrote:
My problem is less their ugly xenophobia, but their insidious projection and up-is-down delusions that leave them shrieking for one thing ("wooden headed romanticism") and in practice, encouraging and pursuing exactly the opposite. Xenophobia and immigration policy are but one of many, many such cognitive dissonances.
I share the disgust with Banksters, et al, but the folks attacking "progressive economics" (whatever the hell those are) are entirely dis-ingenuous: we tried this, with Lehman, and after flirting very briefly with actually practicing what they preach, the Republicans chickened out and decided NOT to drink their Economic Darwinist TEA and backed away from blowing up the economy.
All I will say is this: I'm sorry the adults stepped up (people like Bennett, who got wiped out for it) - I am coming to believe we need another deflationary depression to put paid to the idiocy coming out of the mouths of people like Beck and Palin.
josap wrote:
I do. Nobody said it would happen voluntarily.
November 9, 2010
U.S.-based General Electric Company (GE) said it will invest more than $2 billion to spur technology innovation and customer support in China, adding it will create new joint ventures there in three years, Xinhua reported Nov. 9. GE Chairman and CEO Jeff Immelt, speaking in Beijing, said more than $1.5 billion would be used to launch local joint ventures with Chinese enterprises. An additional $500 million will be put toward establishing customer innovation centers and improving research and development activities in China, he said.
LoserBeachBum wrote:
East Asian birthrates will doom the 'Asian Century' , shockingly low in South Korea. Throw in the love of racial purity - a bad mix.
No one can replace the US as hegemon . It will be a political and ideological free for all.
Byzantine_Ruins wrote:
What was I thinking. Of course it's free! Free health care will be securitized! Treasury will do it by selling 30yr bonds @1%... bought by the Fed. Ferners will be tripping over each others' dicks to get in line to snag a piece of that action.
LBB,
dude, it's $100 in av gas to go a couple airports over and then fly back, nobody is doing it that much anymore, on top of way fewer people taking flying lessons in both fixed wing and helos.
A friend flew helicopters for like 4 years, and was doing pilot training, when it all dried up a few years ago in the CVBB.
Slumdog wrote:
Key word being "lately". This is a spectacular rise, but it isn't the last and it's nowhere near the eventual top.
TJ and The Bear wrote:
I'm beginning to believe that the market is pricing in a big default in Europe. Unfortunately, the market may be right.
USA is a dead man walking already, all you can do is either collapse like neutron star or go out like supernova. BTW, there are now about one BILLION Asian teenagers, the super baby boomers. Things are going to ROCK soon in Asia...
I have dinner with some guys in their fifties and sixties each week, and we talk about the good and the bad. Not that much good, except we're all still working. The bad has happened to friends of ours, in our prosperous central coast region:
This is all among the group of people who are in their 50s and 60s and have been prosperous and comfortable; well paid corporate employees, professionals, self-employed, that class.
I got a real jaundiced view of
news these days.
Yeah, it's kind of like somebody doing a standing ovation when a player calls for and makes a fair catch at a superbowl game...
Down in front!
We are all on our own now. Most of us just don't realize it.
Agree. Asian countries without a draconian "one-child" policy have fertility rates as low as or lower than PRC. South Korea, Japan, Taiwan, Singapore.
Progressive economics is a failure...your witnessing it live and in HD.
black dog wrote:
Add more liquidity? Clog the trap with dead UE beneficiaries? Return to fiscal sanity (heck why not as FOX is left as the only idiots on the horizon without input from the wise centerists)?
Bob Dobbs wrote:
We all got hurt, but people who were overextended got hurt much worse. The psychological impact will last a long time. So you are correct to have a jaundiced view of
IMHO, behavior has changed for the foreseeable future.
the shit hasn't hit the fan, but the target has been acquired
nova wrote:
And too many think the things that are happening to us individually are isolated events, when they're actually part of a big, invisible war that is being waged against them. I got in a sermonizing mood this week and blogged about that.
Tales from the Coast: In the Wind
It is a sermon (sans God), so be advised.
What?
Katrina writ large.
And the Tea Partiers actually asked for it.
Slumdog wrote:
Liquidate, liquidate, liquidate.
Juvenal Delinquent wrote:
The 100+ Billion in bonuses is not comprehended by the peasants either. I don't know how many people I've told - usually saying something about (either) comparing too state budget deficits OR asking what the banksters produce for this reward - and everybody just returns the blank stare. Even if I press them (which I seldom do) they can't (seem to) figure-out what to say. I'll ask: "Do you think that's bad or too much?" Response: "It's allot" or "well, uh, I don't know..." or "We can't do anything about it."
Slumdog,
What number is the great doubling? $1,834.00?? an oz.
BINGO!!!!!!!...This is why I preach the stocking up Mantra if you will..You are the only one who can take care of your family...do it and do it now...They will thank you for it. That is not paranoia or tin foil speak it real and right in front of you. 6 month from now the whining will be deafening. ( I use the term whining not in disrespect )
But there are also Indonesia, Malaysia, Thailand, Burma, India especially and Pakistan. Talking about roughly 1.7 billion people.
sm_landlord wrote:
I have no
of profits in this race, but I hope you're wrong...
Cinco-X wrote:
Man, this Eye of the Storm hasn't moved for 3 years now. Is it stopped, or are we running inside it trying to avoid the wind?
NOTaREALmerican wrote:
At least when the barbarians pillaged and looted a conquered civilization, there was some indication to the peasantry about what was going on.
Bob Dobbs wrote:
As a commentor on your site said: great metaphor.
I immediately thought of the Santa Ana winds that get in this area. Usually followed by firestorms.
Bob,
Your friends story is my brother's story, and so many more neo-Willy Lomans cast adrift in a world that looks a lot different than the one they were used to, and his bettor half-Linda Loman, got the axe as well.
Right and what did our Katrina comrades do? Looted electronic stores for flat screen tv's.
We truly are on our own.
NOTaREALmerican wrote:
The guys at Casey Research have used the same metaphor. Their position is that we're about to leave the eye.
TJ and The Bear wrote:
I have to say: I scoffed after sitting in on a PM investment conference call back in the spring, and thought we were in a bubble, taking the same line as Rajesh. But now, I have to say: damn, what a fine ride for a quick buck. Now the GOP is going to guarantee my 15% cap. gains rate...well, I clearly should have lifted the finger to make that big effort.
LoserBeachBum wrote:
This sounds vague familiar. Do they worship flags and predator birds too?
ResistanceIsFeudal wrote:
Historically, this is what happens before the barbarians. The upper classes try to reduce the commoners to serfdom. Then the barbarians move in and, well, civilizations where tiny elites rule masses of serfs are actually pretty fragile. Serfs have little to fight for.
ResistanceIsFeudal wrote:
"Bernake is a coward thief in the night"
Willem Buiter
Lol classic NRA
Bob Dobbs wrote:
Intriguing. That stupid series of Capital One commercials always gave me chills.
purple wrote:
Ben Wa balls?
bearly wrote:
Take the bankster's bonuses would be a good start
MB wrote:
MB wrote:
That was just precedent...
Experts are saying that elf-sufficiency is where it's at, especially with the lower expected xmas take this season.
ResistanceIsFeudal wrote:
There is a Xerox commercial running on the financial news networks that is bugging me. It depicts a couple of complete goofballs at a hotel neglecting their jobs, and advocates that their jobs be outsourced. Beating up on worker bees is becoming a meme.
If our forefathers were alive Bernake would have been strung up by his neck and hung for 30 days and nights in the center square for all too see.
Go away for a few, and somebody
's the thread like nobody's byzness...
Comrade Scott wrote:
You guys need to keep these link fresh. There are two. The one you mentioned and Rand Paul's quote about not taxing the rich because we all work for (and worship) them.
So, can you post a link for you comment PLEASE!
RockyR wrote:
Trademark it...
The polloi locos are sure upset, but nowhere near Max Mad.
NOTaREALmerican wrote:
Sure it has....2 years ago were were in a $h!tstorm, and now folks are talkin' 'bout a possible recovery....that's they eye that's being referenced...
I have talked to many about the up and coming holidays...Many are saying the same thing they are either not spending or cutting back drastically on what they plan to spend.
Most common, my kids really need nothing.
sm_landlord wrote:
Agreed; their manager should be fired instead for sending goofballs on a business trip....
Juvenal Delinquent wrote:
I'm not sure of the difference between an elf and a gnome. But whatever. The middle class and lower are expected to be the garden gnomes in the future, on the lawns of the
But don't worrry too much about being cold, thirty and hungry, because the Master will let out the dogs periodically to refresh you with warm pee and tasty turds.
sm_landlord wrote:
Thanks. I worked hard for my metaphors
Add more liquidity?
Yes. The problem is distribution. QE benefits the very top while the bottom 80% is liquidating.
Comrade Scott wrote:
If liberals (progressives, theoretical socialists, whatever) would just accept that "tough love" is required when dealing with humans (assholes) allot more of their economic fantasies would come true.
Xinco wrote:
An eye for an aye was what our best yes men were all about.
Slumdog -
Am I understanding you correctly when you say that you think gold is due for a steep drop soon? Assuming yes, are you saying that this will be a temporary move on to greater highs, or that the price is above where it should be right now? Are you still preducting $30,000/oz, or have you changed your mind?
FDIC extends no-limit insurance through December, 2012.
Don't believe the hype. The US is not on the hook for more than $500 billion even if Timmy steals it for Sheila.
No one can provide unlimited insurance coverage. Not AIG. Not Warren Buffett. Not Ambac. Not the FSLIC. Not the FDIC.
How about a tentative recovery from a recession being squashed by structural failures in the system that is supporting it.
sm_landlord wrote:
They must not work for the Federal government then.
By design. Setting up public versus private sector comes first. This will drive most of the hoi polloi to pursue government work. Then rebellion or even dissenting opinions will become pretty difficult to marshal without fear for your job.
shill wrote:
Progressive economics means never asking the people receiving the entitlements to say thank-you to the society providing them. If you say thank-you it's NOT a right anymore (and the progressive's brain can't reduce its guilt).
Bob Dobbs wrote:
SO YOU BETTER TREAT HIM RIGHT (DUN-DUNT, DUN-DUNT)
Oops. Sorry for screaming.
now you know:
YouTube - Ultimatum to Obama and all Hostiles, Surrender or Die!
*** I am coming to believe we need another deflationary depression to put paid to the idiocy coming out of the mouths of people like Beck and Palin.***
Not likely to work. Pain can cure foolish. It just reinforces stupid.
Byzantine_Ruins wrote:
Byzantine_Ruins, I'm going to set the record straight re: opium dealing. YOU ARE WRONG. THE CHINESE ARE BLINDSIDED AND WANT TO PLAY COGNITIVE DISSONANCE GAMES.
Here's the real deal, from the 5th generation descendent of the Forbes brothers and cousins, 4th generation descendent of a railroad tycoon, and whose kids now have the last drops of this branch of family fortune, though there's more for many more generations on different trees (like the guy who ran for President), yet another Slumdog knowledge experience:
The Forbes, then English traders (they owned the ships and had the capital), struck a deal with a Chinese distributor of opium. The deal was a few percent of the entire shipment, each and every time. The English got rich the way that IB's are getting rich now, skimming the game as long as it's legal.
It was the Chinese importer who controlled the opium market.
Got it? The Chinese screwed themselves. This is occam's razor, BR. Own it and help the Chinese own it, too.
nova wrote:
Do we have a choice?
yogi wrote:
Mayanderstanding is, somebody else will cover it after 2012?
NOTaREALmerican wrote:
Cinco-X wrote:
No no no, Medicare Part D was the precedent...lots of new free bennies paid for with tax dollars, but no right to bargain for prices!
Oil brakes slightly after hitting two-year high - Yahoo! Finance
Why would anyone oil their brakes?
Bank of America Edges Closer to Tipping Point: Jonathan Weil - Bloomberg
vtcodger wrote:
Probably true. But (analogy alert), if your arm is cut off and you take enough pain-meds to eliminate the pain you're going to bleed to death instead of fixing the problem.
The Complete Costs, Side Effects, And Unintended Consequences Of ObamaCare
shill wrote:
Nonsense - one of the authors of the great Federalist Papers - the federalist/whig GOP precursor the right is constantly worshiping today - the one and only Alexander Hamilton - would have very proudly venerated and defended Mr. Bernanke and above all the Federal Reserve. The original Neo-Con ponzi scam - at our founding - U.S. Continentals - the original Toxic Asset.
See, we can all play this "I'm a founding patriot" game.
debt chord~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
You really are full of shit, Shill.
Comrade Scott wrote:
That was a serious mistake (that many conservatives disagreed with). So it's an excuse for a catastrophic one?
Let me guess Liberal dolt....I should have known.
josap wrote:
Bullshit. For a buck more than you currently pay at Walmart, I could flood the shelves with tees from the USA, and for $3 above the $7 manufacturing cost, I could flood the country with blue jeans.
We have cut off our nose to spite our face. The chase for the lowest cost has gutted the US workforce, and we're talking dimes here, nothing more.
shill wrote:
Is BofA in the eye of a tipping point?
NOTaREALmerican wrote:
MMM Alert!!!!!!
B.S. bearly, that was the bribe conservatives agreed upon to win an election - don't attempt to disown it now.
Mish's Global Economic Trend Analysis: 1.5+ Million Non-Business Bankruptcy Filings in Fiscal 2010, 14% Increase
CDs Fall Below 1% First Time Since ’50s - Stocks To Watch Today - Barrons.com
Ha ha ha buy CD's ha ha ha..ok sure.
3,000?
Cinco-X wrote:
Speaking of unintended consequences, this may end up breaking the tie between employment and health insurance.
CInco. What is the great doubling? What price for an oz of gold?
NOTaREALmerican wrote:
Spencer Bachus is the guy, and he's made it very clear the "fig leaf" of Dodd-Frank is too onerous and must be gutted.
:nsark:So, yeah, sure blue, red, it's all the same...that's why the banks are going after the irrelevant blue team legislation.
Juvenal Delinquent wrote:
The polloi locos are sure upset, but nowhere near Max Mad
Not even out here, where the native born middle class has long seemed entitlement-minded. Byz_Ruins is right about gradual Argentinization of the U.S., and right to despise the contemporary Republicans (even if he thinks he's a reddish cocktail served in a martini glass). There was a time when the most flag-wrapped among us redeemed themselves with their constant, even manic, awareness of our need to care for ourselves, and our own interests as a nation.
Now -- the sole focus of the Michele Bachmanns, Palins and followers seems to be their rancid hatred of "wrong-thinking" Americans. (you know whining about "liberal dolts" in chat rooms, pissing and moaning about "Obamacare"..... while we're eviscerated by mercantilists who still respect all their compatriots....)
They sure do love them foreign "investors" though, 'cause they are Capitalists!!! Bring on that polluted Chinese honey, sold without origins labels in superstores across the land!!!
They remind me of the way American Communists and socialist used to think better of foreign socialists than of their own people. The big and fearsome difference however, is that these modern ultra-right extremists actually get elected & make policy; they don't just annoy undergraduates who are forced to take their lecture classes due to distribution requirements.
Forget The Distorted Jobs Numbers, We're On The Brink And The Fed Bullets Are Spent
Slumdog wrote:
To the consumer maybe. But the decision makers (Executives) get rewarded quite handsomely by saving those dimes in aggregate when they're projected into the future indefinitely, with a parabolic savings curve.
Executive decision making isn't a democratic process.
No worries because Ben's got the bases covered for 'extend and pretend' for jobless recovery with QE2, 3, 4 etc.
sm_landlord wrote:
Oh boy!
Cinco-X wrote:
Everybody's an asshole (well, except for us, of course) but liberal philosophy can't admit that the assholes they insist on helping don't necessarily appreciate WHO is helping or WHY they are being helped. Which is why liberals keep getting spit on (which they can't understand). You'd think that after giving away the store for 50 years EVERYBODY would love the liberals (which is what they want). But, the liberals NEVER ask people to say thank-you so - after they get their entitlement - they don't need the liberals anymore and spit on them (eg tea-partiers with their socialist medicare).
NOTaREALmerican wrote:
I'm a "liberal" or a "progressive" and I don't care to be lectured to about tough love - I've had to deal with basket-case family - substance abuse and the rest - up close and personal, several times. I know all about tough love. Just because I don't advocate bending or structuring the rules to favor the powerful elite who are taking the lions share of the country's output as a "bonus" does not mean that I'm incapable of "tough love" or prefer to coddle basket cases.
what the hell is up with this missile launch over the pacific near LA?
nova wrote:
Why are you asking me? The Great Doubling is a meme started either by Slumdog, who I have on Ignore, or as a point of ridicule by Eric, or maybe something else. Review my comments and you see I rarely comment on gold. I think I heard that gold broke $1400/oz recently, but since I don't bother with it, I don't really follow it....
Comrade Scott wrote:
Like I said many times, you didn't have to think about gold and silver a whole lot.
The more you thought about it, the less money you made on it. Sometimes, you just play the Ben cards you're dealt.
Juvenal Delinquent wrote:
BTW, holding the precious in one's own possession is CRAZY. Secure locations, others with keys and combinations, is the only way to assure high probability outcome. I hold piles of clothing; and some pretty plate on which to serve and eat. The rest is not one of those movie sets... it's over here boys. That kind'a thinking is beyond puerile.
If one thinks they will need their stuff for an immediate emergency, they should leave the country, asap, or re-watch Ahnold in Total Recall.
That may have been the best Slumcast of all time.
sum luk wrote:
Would a Blue Team member PLEASE post the link of the Red Team Captain defending the profits of GS and JPM.
RockyR wrote:
Gee you think Scott....
Oh. Thanks Cinco-X.
Why did VXX go up 33$ ?
My father despised Richard Nixon, and we have an entire political party made out of Tricky Dicks and Tricky Michelles now.
nova wrote:
Why did you ask?
Comrade Scott wrote:
Same here.
Eric wrote:
Do you put those on a web site somewhere?
That's a violation of HCN rules. Please don't announce whom you have on "ignore", little girl.
Let's Quantify What QE2 Means for Future Inflation and Gold and Silver Prices | Chris Mack | Safehaven.com
Conco.
Because I thought you would know. Because the agent sitting with me what to see what your response would be. Because I felt like it.
I hope you watched every minute of the video I posted, you old fart
nova wrote:
Are you making fun of me?
Someone called me "Linko-X" yesterday...
Nov. 9 (Bloomberg) -- U.S. President Barack Obama trumpeted Indonesia’s growing economic and strategic clout, saying trade between both nations is critical to creating jobs at home, just hours after the White House announced he’ll cut short the trip to his boyhood home to avoid volcanic ash from Mount Merapi.
Mystery Missile Launch Seen off Calif. Coast - CBS News
Gary wrote:
Liberal politics tough love is ALLOT ALLOT ALLOT different than personal tough love. If liberals (socialists progresives, whatever) stick too your "everything is a RIGHT" nonsense then you'll be marginalized (unneeded) in the future. A perfect example is: The Tea Party socialists hate you guys even tho YOU keep them alive. And, they have a RIGHT to my money to keep them alive. Thanks allot for not asking them to say thank-you to me OR you.