Expansionism?

CR wrote: "faster expansion in January"

Jobs Report: As Many As Three Million Long-Term Unemployed Not Counted As Jobless Rate Drops

02/ 3/2012 12:34 pm

"The unemployment rate declined to 8.3 percent in January, from 8.5 percent in December. But if workers who have dropped out of the labor force were included, some economists estimate, the unemployment could be higher than 10 percent...

A recent study by Washington, D.C. consulting firm Hamilton Place Strategies estimates that there may be three million long-term unemployed people who are currently not being counted by the Labor Department because they have simply given up looking for work. Signs of an improving job market might bring them back to the labor force, which would push the unemployment rate higher.

In fact, the labor force participation rate fell to 63.7 percent in January from 64 percent in December, the lowest since January 1982, suggesting workers are still leaving the labor force."

Caterpillar to close London, Ont. locomotive plant
| Business
| Reuters

Bubblisimo Gerkinov wrote:

"Caterpillar to close London, Ont. locomotive plant"

Just read it. So it begins again.

Blackhalo wrote:

Wait, I was promised climate change. Where's my climate change?

Unusually warm winter, followed by a late cold snap with rampant severe weather, and then a monster hurricane season as things try to balance out...

You may get it.

Citizen AllenM wrote:

"... they have decided that the zombie apocalypse is not going to happen in 2012."

Agreed. It is already underway.

energyecon wrote:

Microwave burrito - it hasn't been frozen in all segments - some are actually caliente!

Aye! Mucho!

energyecon wrote:

the orange tree bore any fruit this past

I have 18 loquat (Japanese Plum) trees...about half of them have ripe fruit on them right now.

Govt. Cheese wrote:

Can we grow away deficits?

Probably. As long as it is the right kind of growth. Asset bubbles ain't it though.

Comrade Janošik wrote:

a monster hurricane season as things try to balance out...

Sure could have used at lease one hurricane in Texas this year.

Canada Jobless Rate Rises Unexpectedly - WSJ.com

An oldie, but a goody.

josap wrote:

Could it be that after years of waiting for things to get better, years of hitting ones head against the wall to keep your life "normal" - businesses and households are adjusting to our new reality?

I've been reading a lot of personal finance blogs lately. The "emotional content" is almost identical to the diet blogs. Lots of obsession about "consumption" versus "restriction." Enormous amounts of trivial confessions: "I bought a comic book! I ate a cupcake!" with lots of people chiming in to offer some sort of support or judgment. And the same sort of grumpiness, as of people who are restricting themselves against their will, and feel deprived as a result. So, I guess I think people are "adjusting," but not in a healthy way.

Rickkk wrote:

So it begins again.

Arizona's Republican Legislature could virtually wipe out public employee unions in a sweeping new package of legislation far broader than the collective-bargaining bills that shut down Wisconsin's Capitol last spring.

azcentral.com blogs - Brahm Resnik blog - Brahm1700 - Sweeping bills attack public employee unions

ee - heard more stories from the Bakken yesterday. Fast food jobs going for $17/hr on the interstate in NoDak - not even that close to the actual drill rig pads.

Well....this is promising.....

THE PEOPLE OF THE STATE OF NEW YORK, by ERIC SCHNEIDERMAN vs JPMORGAN CHASE, CHASE HOME FINANCE, EMC MORTGAGE, BANK OF AMERICA, BAC HOME LOANS, WELLS FARGO, MERS and MORTGAGE ELECTRONIC REGISTRATION SYSTEMS | Foreclosure Fraud - Fighting Foreclosure Fraud

Schneiderman: MERS And Servicers Engaged In Deceptive and Fraudulent Practices That Harmed Homeowners And Undermined Judicial Foreclosure Process

NEW YORK – Attorney General Eric T. Schneiderman today filed a lawsuit against several of the nation’s largest banks charging that the creation and use of a private national mortgage electronic registry system known as MERS has resulted in a wide range of deceptive and fraudulent foreclosure filings in New York state and federal courts, harming homeowners and undermining the integrity of the judicial foreclosure process. The lawsuit asserts that employees and agents of Bank of America, J.P. Morgan Chase, and Wells Fargo, acting as “MERS certifying officers,” have repeatedly submitted court documents containing false and misleading information that made it appear that the foreclosing party had the authority to bring a case when in fact it may not have. The lawsuit names JPMorgan Chase Bank, N.A., Bank of America, N.A., Wells Fargo Bank, N.A., as well as Virginia-based MERSCORP, Inc. and its subsidiary, Mortgage Electronic Registration Systems, Inc.

OT ... but interesting fodder for the cloak and dagger fans out there

Saadi Gaddafi: SNC-Lavalin exec present when suspect arrested in Mexico smuggling plot | News | National Post

dryfly wrote:

ee - heard more stories from the Bakken yesterday. Fast food jobs going for $17/hr on the interstate in NoDak - not even that close to the actual drill rig pads.

Wow, that sounds like.. umm... supply and demand in the labor markets! HCN! I've read about fast food jobs with signing money, not big bucks but the concept is alien. Some kind of term provision but they are definitely doing the resource boom rumba up thataways.

I think it is extremely stupid, as it will cause the unions to revive in Az.

But hey, I don't expect any brilliance from those folks.

Someday this war's gonna end...

Citizen AllenM wrote:

Someday this war's gonna end....

I dunno, Iran may take a while...maybe till "The" end.

Citizen AllenM wrote:

I think it is extremely stupid, as it will cause the unions to revive in Az.
But hey, I don't expect any brilliance from those folks.
Someday this war's gonna end...

Hey AllenM, did you run across the cost/benefit analysis for Alabama and their anti immigrant legislation?

http://cber.cba.ua.edu/New%20AL%20Immigration%20Law%20-%20Costs%20and%20Benefits.pdf

everyone on the golf course

"It's quiet...toooooo quiet. "

Everyone's getting ready to go short.

So keep on shrieking for hyperinflation, shill, and I await the arrival, as I have for the last five years.

I'll let Gold do the talking going forward. But then again Gold could be $3000 an ounce and HCN would still say...were deflating.

I snicker.

And by the way Allen no one is shrieking were conversing with opposing views...its called conversation.

shill wrote:

I'll let Gold do the talking going forward.

THE PRECIOUS IS SPEKING!!1!!1

JD, IS THAT YOU??

THE PRECIOUS IS SPEKING!!1!!1

JD, IS THAT YOU??

I just said to myself now watch Eric chime in with nothing to add but flame comments and Bullshit as usual and five word sentences and here you are...man I should have threw down a $20 on that call.

Pretty sad when you know someone actions before they actually do it...we have been here way to long LMAO!

Citizen AllenM wrote:

So they have have some local demand. Big deal.
Oil drops to $50, and they lay down the rigs.

What's your point?

shill wrote:

.we have been here way to long LMAO!

Some of us even stick around after our calls go against us.

Eric wrote:

Some of us even stick around after our calls go against us.

Not me. That's why I've made no calls.

Somebody wake up Lawyer Liz I want to ask her a question about FL RE.

I'll let Gold do the talking going forward [ and backwards ] [ and up] [ and down ]

@ dryfly and energyecon

CNBC has/had a piece on the Bakken boom.

Transcript available here

The Fueling Future: The Bakken Boom - CNBC

Wasn't he the one working on 20K posts?

He headed off to No Dak to take advantage of some zombie fast food scam.

I like gold at $1700, but I remember that long drag from $800 to $250- when Hamburger Brown marked the bottom by selling the English Gold.

I foresee a long drag like that again, only the next bottom will only be at $600-700 range.

There are no mechanisms in place for hyperinflation. None.

The people simply shut down, and the economy grinds to a standstill, which is deflationary.

You have to really have an economy designed around continuous price increases, and nowhere for the money to flow overseas, like say, Brazil.

All that money we printed is gone out of the domestic economy in a flash, and doesn't come back except in a trickle, and every dollar that goes into banks in Shanghai, or Qatar, or Russia, or European Banks must be replaced or our domestic economy falters, again.

Deficits until the dollar is replaced as a world reserve currency, or the domestic economy finally gets up off the floor.

Someday this war's gonna end...

@ dilbert

You mentioned a while ago that you were building a pulling boat.

I was hoping to hear from you what kind - guide boat, rushton, whitehall, etc.

The 80s destroyed the domestic oil patch.

Low prices are destroying it again. No profits to be made in natty gas already, and oil is hanging by an Iranian thread, just like in the early 80s.

I lost a bunch on it before, and have no desire to repeat it again.

Someday this war's gonna end...

Gas in my hood just hit $3.499, for the cheap stuff.

I know, I know, I have that old feeling again, and that NYTimes article encapsulated the arguments well.

Ugh. Yet another bust, what shall take the place in this economy to stimulate?

Housing, dead.
Finance, dead.
Energy, on the edge.
Agriculture, on the edge.
I guess that just leaves Tech.
And Healthcare.

A slow decade.

Someday this war's gonna end...

Still counting average wages and inflation ex- food and energy?

The rich get richer.

Former Idealist wrote:

OK, sold VXX to cover the margin call, staying short...

Godspeed in your battle against Cthulhu.

Here's some Pron for energyecon:

PA DEP Oil & Gas Reporting Website - Production Reports

Former Idealist wrote:

OK, sold VXX to cover the margin call, staying short...

Καλή τύχη

Former Idealist wrote:

I got a margin call!

SRSly?

Citizen AllenM wrote:

Has everyone forgotten teh 80s?

Two billion additional people have entered the global economy since the 1980s. They too are now buying gas, using products with metal, eating food.

We either compete with them for those resources or WE go without. Our choice.

That is why the real price for most of these items will not go down. It hits $50 and there will be an explosion in demand - in Asia.

Spent all morning on the phone with Malaysia - believe cheap oil [and $50 is cheap] will be seen as VERY stimulative elsewhere.

Just saying'...

The Washington Post reported Thursday that Panetta thinks "there is a strong likelihood that Israel will strike Iran in April, May or June — before Iran enters what Israelis described as a 'zone of immunity' to commence building a nuclear bomb."

Panetta won’t confirm whether he thinks Israel will attack Iran this spring - The Hill's DEFCON Hill

Place your bets. What AG is waiving what?

Go defraud Florida...
BofA, JPM Chase Sued by New York Over MERS - Bloomberg 

black dog wrote:

'zone of immunity'

Odd phrase.
Cone of Silence?

Cinco-X wrote:

...but that would require forethought and discipline....

Oh, well I just had lunch. We can figure out dinner later.

"Yes! Let's ALL go short on a weekend RIGHT BEFORE they make yet another announcement of a Greek Bailout.... "

/dons er thinking cap.

THIS TIME IT WON'T WORK
THE RIGHTEOUS SHALL SMITE DOWN THE FORNICATING HARLOT BANKSTERS

We are due for one of those Europe Plan Must Include Growth Component s

Former Idealist wrote:

We are due for one of those Europe Plan Must Include Growth Component s

How This Gets Even Uglier - Tim Duy's Fed Watch

poic wrote:

THE RIGHTEOUS SHALL SMITE DOWN THE FORNICATING HARLOT BANKSTERS

poic wrote:

THE RIGHTEOUS SHALL SMITE DOWN THE FORNICATING HARLOT BANKSTERS

sum luk wrote:

How This Gets Even Uglier - Tim Duy's Fed Watch

Greek Newspaper Kathimerini Has The Most Depressing Twitter Feed In Europe

it all... at least I've got a kickass new game to play and a free weekend ahead in a couple short hours

Finance_Fan wrote:

These opportunities weren't available a generation ago.

repeat: Chicago Fed Letter Explaining the decline in the U.S. labor force participation rate

Who Are The Cheerleaders For The New England Patriots?

• Amanda Riddle, 24, of Tiverton, Rhode Island is a hospital pharmacist.
• Patricia Fox, 23, of Westford, Massachusetts is an engineer.

That's Amanda Riddle, PhD. to you....

Cinco-X wrote:

I'm pensively awaiting DiabloIII to come out...I may schedule some vacation time just to play..

I was supposed to be heading to Missouri, but looked at the weather reports and said NFW.

energyecon wrote:

Hey AllenM, did you run across the cost/benefit analysis for Alabama and their anti immigrant legislation?

I love stories about those who take a dump in their hats and then clap them on their heads. Watch out for what you wish for.

Hope he is ok.
Mabye found the perfect hottie at the health club and ran off with her.

ha.

NaRm mentioned in his posts that he was leaving for Australia. Hope he didn't get eaten by a crocodile.

sum luk wrote:

How This Gets Even Uglier

competitiveness gap. Closing this gap will require actions on many fronts, not only wages, but it is clear that wages for the economy as a whole are too large compared to Greece’s productivity.

Remember the words "competitiveness gap". We may be hearing those words applied to many countries this year and next.

Finance_Fan wrote:

... it's inevitable to wonder whether the young moms opting out all around me will ever go back to work or figured that with super high marginal rates (after counting super high childcare costs and the like), they are paid not to join.

Yes, we may be going back to the 50s.
Although it may be the dad staying home with the kids.

Citizen AllenM wrote:

The 80s destroyed the domestic oil patch.

I remember a story from that era. A new petroleum engineer asked an old timer how long the boom was going to last. The answer was: The Rest of Your Natural Life.

YouTube - Josh Fox arrested while trying to film Fracking hearing

The participation rate is moving up the bankruptcy of Medicare and Social Security dramatically. Two sides to that coin.

A new study by an independent research group found that H-1B workers are better educated than U.S. born workers and earn more. The study also found that, on average, H-1B workers are about ten years younger than U.S. born workers. The findings undermine the argument that H-1B restrictions protect a well-paid domestic tech workers from skilled, and less well-paid, immigrant workers.

They also are better looking, drive nicer cars, and shop at the mall

Cinco-X wrote:

I'm pensively awaiting DiabloIII

I dunno, I'm feeling a bit disappointed with the way it's developing. Not enough grit...too safe.
Diablo is going lamestream.

Bob Dobbs wrote:

Whoever makes the money. Of course Dad might still operate a craigslist or eBay business from the home, as somebody suggested above. Buying and selling, buying and refurbing and selling, etc. Better than nothing and all off the books.

It worked well enough for many women at home, during the Daddy State era. The worm turns.

Bob Dobbs wrote:

....Dad might still operate a craigslist or eBay business from the home, as somebody suggested above. Buying and selling, buying and refurbing and selling, etc. Better than nothing and all off the books.

Isn't at least one state banning some cash transactions for this reason...

They also are better looking, drive nicer cars, and shop at the mall

Cinco-X wrote:

Yes! Let's ALL go short on a weekend RIGHT BEFORE they make yet another announcement of a Greek Bailout....

But they do that EVERY weekend...

Cinco-X wrote:

banning some cash transactions

Craig's List - all cash transactions.
E-Bay uses PayPal, those accounts are not reported.

Cinco-X wrote:

That's Amanda Riddle, PhD. to you....

doctor of PHARMACY degree, not pharmacology

Good morning.

ResistanceIsFeudal wrote:

a grey-market retailer

"Discount for Cash" or "Cash Only"
We have a restaurant near us that only accepts cash, haven't seen any discount signs yet.

Good morning.

Antipodes, why is it you don't fall off the world when you're upside down like that? Must be stronger gravity under there. Does your coffee stay in the cup?

Outsider wrote:

Does your coffee stay in the cup?

Silly, we hold our cups upside down.

Antipodes wrote:

Silly, we hold our cups upside down.

No, that's right side up to us!

'Naked' airport X-ray body scanners banned by Europe over cancer fears | Mail Online

Controversial ‘naked’ body scanners, already in use at Manchester Airport, could be withdrawn after EU chiefs warned that they could pose a health risk due to the radiation they emit.

The £80,000 security scanners, introduced to detect suspicious items hidden on passengers, have already been criticised as an invasion of privacy due to the apparent ‘naked’ image that they produce of travellers.

But the new information from the European Commission raises fears that the radiation from the machines could cause long-term health damage such as cancer.

FTR-
These are scams I've witnessed. My wife and I are hourly wage slaves.

1 currency now -yogi wrote:

They are priced in these things called dollars, the supply of which is driven by the Fed.

Money is fungible.

http://www.nber.org/feldstein/dollarandpriceofoil.syndicate.08.pdf

The thinking behind the question of whether oil would cost less today if it were priced in euros
seems to be that, since the dollar has fallen relative to the euro, this would have contained the
rise in the price of oil. In reality, the currency in which oil is priced would have no significant or
sustained effect on the price of oil when translated into dollars, euros, yen, or any other currency.

Here is why. The market is now in equilibrium with the price of oil at $120. That translates into
75 euros at the current exchange rate of around $1.60 per euro. If it were agreed that oil would
instead be priced in euros, the quoted market-equilibrating price would still be 75 euros and
therefore $120. Any lower price in euros would cause excess global demand for oil, while a price
above 75 euros would not create enough demand to absorb all of the oil that producers wanted to
sell at that price.

Of course, the rate of increase of the price of oil in euros during the past year was lower than the
rate of increase in dollars. The euro price of oil in May 2007 was 48 euros, or 56% below its
current price. But that would be true even if oil had been priced in euros.

The coincidence of the dollar decline and the rise in the oil price suggests to many observers that
the dollar’s decline caused the rise in the price of oil. That is only true to the extent that we think
about the price of oil in dollars, since the dollar has fallen relative to other major currencies. But
if the dollar-euro exchange rate had remained at the same level that it was last May, the dollar
price of oil would have increased less.

The key point here is that the euro price of oil would be the same as it is today. And the dollar
price of oil would have gone up 56%. The only effect of the dollar’s decline is to change the

price in dollars relative to the price in euros and other currencies.

nova wrote:

independent research group

Now that is an interesting concept.

Do you have handles on your floors? I always wondered about that.

:Gotta console the wailing middle schooler again. Life is hard when you're in public school 5th grade.:

worthy: The Capital Spectator: Private Payrolls Post A Surprisingly Strong Gain In January

black dog wrote:

The Washington Post reported Thursday that Panetta thinks "there is a strong likelihood that Israel will strike Iran in April, May or June

Man, those war mongers don't give up. We just wind up one war where we were promised WMD's and Democracy among other unicorns and fairies and all along the way implausible stories about Iran as the bad actor are fed into the MSM prepping for the next one.

I'm not saying Iran is falsely accused. I'm saying their nation building/defending activities aren't a pretex for war.

Just a couple of days ago wasn't it the ISM that modified their seasonality factoring to include more outliers? So, this data should be viewed with less confidence than data from 2011.

Finance_Fan wrote:

it's inevitable to wonder whether the young moms opting out all around me will ever go back to work or figured that with super high marginal rates (after counting super high childcare costs and the like), they are paid not to join.

The fact that 50% of the marriages in the US fail will no doubt play a role in their decision of whether to return to work.

No young dads opting to stay home? How retro of the young parents.

The quick shrinking of the US population since Obama became president should make the headlines worldwide. I wonder what happens to all those people disappearing.

Word on the street is Ron Paul takes them out to his ranch and eats them.

To be revised down.

Same as always.

Obama better be sly with these numbers tho if people start to actually believe there really are plentiful jobs, the unemployment rate will skyrocket.

Word on the street is Ron Paul takes them out to his ranch and eats them.

Ya only the minorities, after all he's racist ...right? Since all's OK now,maybe it"s time to raise rates.

Oh wait that's 2014...Laughter fills the room.

josap wrote:

We have a restaurant near us that only accepts cash, haven't seen any discount signs yet.

I'm seeing a few more small, informal restaurants -- breakfast places, taquerias -- go that route without discounts. It's just easier. Throw an ATM in the corner for those with plastic but no cash. One locals breakfast place we know of takes no cards but will take local checks.

Dont let the Brits off the hook either.

Those sleazy bastards are almost always hip deep in the shit when it comes to involving the US in a war.

Cheerio old sport! Let's you and him fight.

Gary wrote:

Not much commentary here on the Schneiderman lawsuit.

Let's see how many other AsG sign on first.

sum luk wrote:

The Capital Spectator: Private Payrolls Post A Surprisingly Strong Gain In January

At this rate, we'll be back to full employment by 2020!

shill wrote:

Fees are tied to using CC terminal fees and so on , and then you have batching and more waiting for your money.

This restaurant is a mom & pop place. He cooks & she waits tables.
Decor is nonexistant, food is great and prices are cheap.

For you Dawg

55 acre farm on Hudson

Selling 40% interest in a 55 acre farm on Hudson River. Farm house, one horse barn, airstrip with air hanger, two boat launchs and dock, 44,000 square foot warehouse, 2400 square foot office, mechanic shop.

dirty_juheesus wrote:

The drone thing is a very active hobby niche turning into an industry right now. The hobbyists have been trying to get this done for years now.

I guess I'm ahead of the trend here again. I have a drone.
YouTube - Remote Control Fun Air Swimmer Inflatable Floating Shark Toy

Mine's the clownfish. I got a shark for my nephews

nova wrote:

It's no big deal. We took the place from the Indians and the Indians are reclaiming it

One casino at a time. Slow and steady as they say so no one gets excited.
The LAT had an article about a San Diego tribal band that kicked out 150 members. The interesting part of the article was that the band members were getting around 100K each from the casino. WooHoo!

dryfly wrote:

Two billion additional people have entered the global economy since the 1980s. They too are now buying gas, using products with metal, eating food.
We either compete with them for those resources or WE go without. Our choice.
That is why the real price for most of these items will not go down. It hits $50 and there will be an explosion in demand - in Asia.
Spent all morning on the phone with Malaysia - believe cheap oil [and $50 is cheap] will be seen as VERY stimulative elsewhere.
Just saying'...

YES. Also, the oil states will be in very precarious positions if oil prices hit $50 for any length of time, even KSA needs $90 oil now to balance the books... production drops during civil unrest.

dirty_juheesus wrote:

The drone thing is a very active hobby niche turning into an industry right now. The hobbyists have been trying to get this done for years now. It will be interesting to see where the lines between hobbyist and industrial application are drawn. Big MIC probably bought lots of lunches at the FAA for this one.

I want to see "neigborhood watch" groups with their own drones. Endless fun and blackmail opportunities.

gold and cancer therapy

Me da undertook the regime late last year to arrest potential prostate cancer. He's mmm 83-years-old, prone to over-utilize generous medical coverage benefits available to and paid by retired federal employees of a certain grade. A "routine" MRI during the summer last "revealed" microscopic, asymptomatic cellular dysplasia that "routine" PSAs and clinical examination for enlargement had not detected over 20 years. So. Stage I: surgical implant of gold-198 "seeds"; Stage II: attend ecumenical services; Stage III: (46) forty-six daily radiation exposures; Stage IV: profit, trial success, spiritual redemption.

Brachytherapy Treatment

Meanwhile, the tragicomedy in Europe continues.

Sorry, but I won't be buying equities.

sum luk wrote:

The Capital Spectator: Private Payrolls Post A Surprisingly Strong Gain In January

I was looking at the labor numbers today, and found that year-over-year non-farm payrolls grew by 1.5% (Jan 2011-Jan 2012), while the civilian labor force grew by only .75%. Jobs are being created at a faster rate than the growth in the civilian labor force (which includes both employed and unemployed workers).

Sebastian

Former Idealist wrote:

The participation rate is moving up the bankruptcy of Medicare and Social Security dramatically. Two sides to that coin.

Make Medicare available to all, that would help, as would authorizing Medicare to negotiate w/BigPharma as the VA does. Getting the private insurers out of Medicare (single payer). Plenty of useful models in other nations that the US could adopt. I can think of plenty health self-employed people who'd like to be able to buy into Medicare so they could afford health care when they needed it/preventive care. The US might see more people starting their own businesses or being "entrepreneurs" if they were freed from the need to stay w/a corporation that, at the moment, provides them w/an affordable way of obtaining health care (esp true of people w/children).

Remove the income cap AND impose SS tax on the bonuses, etc., that banksters & hedge fund managers get and any income they call capital gains that is "earned" in the course of their work. Lots more $$ would be flowing into the trust fund.

It's not the concepts of Medicare & SS that are the problem, it's the way they're being implemented that is, as is the idea that somehow the DoD doesn't need to be self-supporting but Medicare (providing health care) to people does.

Seems to have nothing to do w/any economic reality, because MDs, RNs, Ph.Ds, LPN, pharmacists etc. are all jobs "created" by the need for health care. Not so easy to offshore (except for reading diagnostic images, with the usual poor results).

DoD doesn't create that many more or better jobs--although it does "produce" many more people who need substantial health care until they die and/or are entitled to government transfer income for the rest of their lives because of their reduced work productivity. Who might otherwise have never needed those "benefits."

It's political only. Wealthy/corporate elite have been wanting to destroy SS & Medicare for years. That & roll back any labor laws, environmental laws, anything that interferes w/their exploitation & poisoning for short term profit.

nova wrote:

Also the FAA is going to approve the use of "civilian" drones in the US this year.

Armed? Or will that be reserved for those members of the elite who need to be "kept safe" from all the riffraff?

nova wrote:

It's no big deal. We took the place from the Indians and the Indians are reclaiming it

Yes dear my homeland was actually where the Native Indians had been run off and the kids got to play with all the left behind Indian Rocks and climb the Indian Mounds. The Indians from India have intergrated into our small community and seem to be doing very well.

Citizen AllenM wrote:

Now the working class is impoverished, the rich gotta pay- because the greyboomers gotta lotta votes.

The rich are working on that pesky voting thing; hope you got a picture ID and birth certificate when you show up at the polls in 2016.

Sorry, but I won't be buying equities.

Puts are nice and cheap today

Hoh Hoh! MERS Gets Hit With A Piano! in [Market-Ticker]

Going grey genX, wanting you to move out of my nice retirement home in the country because you can't do stairs with that broken hip You have ten years until I am ready.

The reality is that so many people are going to be leaving rural America, either feet first, or to move closer to medical care. You do realize rural America has a huge and growing healthcare shortage?

Demographic trendz iz destiny, America.

Unless you can talk all the boomers into moving to NoDak?

Thought so.

Someday this war's gonna end...

Labor. Force. Participation. Rate.

Seb wants to believe!

Not that theres anything wrong with that.

I would add that Josap is making the smart move ahead of the crowd, but most don't move until pushed, or collapse.

No zombie apocalypse, then you get the problem faced by George Ure of UrbanSurvival- built the east Texas doomstead, improved it up nicely, and nobody is willing to pay what he has into it. Low 60s, wants to move closer to grandkids and kids up in PNW cities. Goes to show, overimproving in a hillbilly neighborhood just means some relitter gets a fantastic deal when you gotta go.

Like all the crapola outside of Aspen that is now waaaaay overpriced. Who you gonna sell it too? Me?

Let me check my spare change.

Someday this war's gonna end...

Citizen AllenM wrote:

Demographic trendz iz destiny, America.
Unless you can talk all the boomers into moving to NoDak?

I wouldn't be surprised to see middle America get a mass influx from sand states and the coasts.

Um, involuntary retirement greeted a bunch of them during the last downturn, and I know for a fact manglement targeted the ones that made everyone else miserable. A positive doom and gloom outlook is handy. Further, pissing off minions serves no purpose, unless you like your demise served with a happy helping of schadenfreude.

Someday this war's gonna end...

shill wrote:

Hoh Hoh! MERS Gets Hit With A Piano! in [Market-Ticker]

You have to remember that a great deal of effort went into building MERS to end-run the old system. I suspect a few of these entirely legitimate litigation efforts are going to die before they hit the jackpot.

Remember how long it took big tobacco to finally succumb to shifting smoking perceptions and ensuing litigation in the U.S? It's going to go slow like that. And big tobacco is still around. It's going to take quite a bit of effort to kill MERS and I'm not entirely sure it will happen. It should happen, but that's different.

Yes, money is fungible. However, currencies besides USD circulate the globe. ppl corporations that purchase oil need not, are not lawfully required, to settle sales with exchange of USD --even if that unit of measure is the agreed, or formal, FX basis of valuation a commodity or service.

The correspondent to which you refer appears incapable of calculating purchasing price parity (PPP) of currencies, absent IMF SDR bounded rationale. This is an error, given that the utility of finite commodities already exceeds market valuations of IMF units of measurement.

PS: barter (valuation)
PPS: bi-lateral trade agreement between IMF dependents. You're not going to get that news from NYT or FT, btw.
PPPS: most recently, Gazprom's having some difficulty, again, delivering to EU markets. What a surprise, ceteris paribus, not.

People keep bringing that up, but it doesn't seem to have much meaning or impact, considering all the other more-favorable forces in the economy.

Sebastian

Favorable forces?.... you mean like seasonal adjustments?

People keep bringing that up, but it doesn't seem to have much meaning or impact, considering all the other more-favorable forces in the economy.

Stocks only go up!!!!!!