Economic Twilight Zone

"saddlebag" wrote in message

> The stock market soars to new highs on the basis of a "great" jobs
> report. What apparently goes unnoticed is the details of the report:
>
> 1. The manufacturing sector lost 18,000 jobs in the latest report.

It sure doesn't go unnoticed if an amateur like you notices it easily.


>
> 2. Construction also saw a 14,000 reduction in jobs.
>

And with the subprime mess, its going to get worse.


> 3. The sector of financial services that includes mortgage lenders cut
> 12,000 jobs.
>

See above.



> 4. Most of the big upward revision in the August payroll reading was
> due to a different estimate of government hiring, which is now
> estimated to have added 57,000 jobs in the month.
>
> So this is just great. We now have an additional 57k gov't workers to
> provide for with an additional 50k of new poodle groomers and massage
> therapists jobs.

Depends on whether or not the goobermint casts as wide a net when it labels
its hiring as you do. According to you, local school teachers belong to the
goobermint.


>Surely those new positions will turn our enormous
> trade deficit around. Why I'll bet the Chinese can't make ocean
> liners fast enough to hold all of their people who are lined up to
> come to America for their happy ending.
>

You have suggestions for what we should be manufacturing in a global
environment? Its obvious we can't do cages very well....maybe you want to
reclaim the TV manufacturing market?


> You people who are contemplating a bike had better get on with it,
> while our money is still accepted on the world market.

The dollar is going to be devalued, no doubt about it. We're going to get
what we deserve...sure as shootin. I think Stephan is right, we've got a
decent recession coming, as well as higher interest rates in general because
of all the goobermint borrowing.
 >> Stay informed about: Economic Twilight Zone 

On Oct 8, 1:22 pm, "Albrecht via MotorcycleKB.com" wrote:
> saddlebag wrote:
> >1. The manufacturing sector lost 18,000 jobs in the latest report.
>
> >2. Construction also saw a 14,000 reduction in jobs.
>
> Meanwhile, the goobermint is working quietly behind the scenes to streamline
> federal regulations so they can bring in more Mexicans to do the jobs that
> Americans don't want to do.

Good to hear that the much maligned administration is at least doing
SOMETHING right.
 >> Stay informed about: Economic Twilight Zone 

On Oct 8, 3:59 pm, Vaughn wrote:
> On Oct 8, 1:38 pm, "tomor...@erols.com" wrote:
>
> > On Oct 8, 1:22 pm, "Albrecht via MotorcycleKB.com" wrote:
>
> > > saddlebag wrote:
> > > >1. The manufacturing sector lost 18,000 jobs in the latest report.
>
> > > >2. Construction also saw a 14,000 reduction in jobs.
>
> > > Meanwhile, the goobermint is working quietly behind the scenes to streamline
> > > federal regulations so they can bring in more Mexicans to do the jobs that
> > > Americans don't want to do.
>
> > Good to hear that the much maligned administration is at least doing
> > SOMETHING right.
>
> Hmm, considering that those handy little brown people won't be given
> citizenship, SS, or much in the way of rights - I'd wouldn't consider
> the admin's move to be "right."

(rummages...) (paws...) (turns bag upside down and shakes
it.....)

Dammit! Out of sarcasm emoticons AGAIN!
 >> Stay informed about: Economic Twilight Zone 

On Oct 8, 6:07 pm, "TroytheTroll" wrote:
> "Albrecht via MotorcycleKB.com" wrote in messagenews:79649a753678b@uwe...
>
> > TroytheTroll wrote:
>
> >>The dollar is going to be devalued, no doubt about it. We're going to get
> >>what we deserve...sure as shootin. I think Stephan is right, we've got a
> >>decent recession coming, as well as higher interest rates in general
> >>because
> >>of all the goobermint borrowing.
>
> > Bloomberg was just telling that to conservatives in London on CNN this AM.
>
> Its not like its invisible, its just one of those things. We can only borrow
> for so much for so long before we've got to become a saving nation....it'll
> cause a global recession of some sort, particularly for the countries which
> are following the Japanese export model of how to run an economy, when the
> biggest consumer in the world isn't consuming, SOMEONE has to be odd man out
> in the economic musical chairs episode to follow.

One might also want to remember that this FY's federal borrowing was
far less than projected, and far less than average since 1969, and was
the lowest as a percentage of GDP since 9/11.

Otoh, it's far more FUN to play the role of Chicken Little on usenet.

Meanwhile, my house is almost paid for, it's worth six times what I
paid for it 26 years ago, and my retirement assets are at all-time
record levels while my contributions are at the legal maximums for all
accounts.

Oh, yeah. And I eat out a lot.

Let the good times roll, and the Chicken Little's toll!
 >> Stay informed about: Economic Twilight Zone 

"Albrecht via MotorcycleKB.com" wrote in message

> TroytheTroll wrote:
>
>>The dollar is going to be devalued, no doubt about it. We're going to get
>>what we deserve...sure as shootin. I think Stephan is right, we've got a
>>decent recession coming, as well as higher interest rates in general
>>because
>>of all the goobermint borrowing.
>
> Bloomberg was just telling that to conservatives in London on CNN this AM.

Its not like its invisible, its just one of those things. We can only borrow
for so much for so long before we've got to become a saving nation....it'll
cause a global recession of some sort, particularly for the countries which
are following the Japanese export model of how to run an economy, when the
biggest consumer in the world isn't consuming, SOMEONE has to be odd man out
in the economic musical chairs episode to follow.
 >> Stay informed about: Economic Twilight Zone 

>>1. The manufacturing sector lost 18,000 jobs in the latest report.
>>
>>2. Construction also saw a 14,000 reduction in jobs.
>
> Meanwhile, the goobermint is working quietly behind the scenes to
> streamline
> federal regulations so they can bring in more Mexicans to do the jobs that
> Americans don't want to do.

Well....if Americans won't do it, someone probably has to.
 >> Stay informed about: Economic Twilight Zone 

On Oct 8, 6:47 pm, "tomor...@erols.com" wrote:

> One might also want to remember that this FY's federal borrowing was
> far less than projected, and far less than average since 1969, and was
> the lowest as a percentage of GDP since 9/11.

Got a reference?

> Otoh, it's far more FUN to play the role of Chicken Little on usenet.

You do it well.

> Meanwhile, my house is almost paid for, it's worth six times what I
> paid for it 26 years ago

Unfortunately, the dollar is probably worth seven times less.

> Let the good times roll, and the Chicken Little's toll!

I understand that to you, pointing out FACTS that don't fit your
blissfully ignorant view of the world is unnerving. I'll try to stick
to making faces at you and calling you names. You seem to deal well
at that level of conversation.
 >> Stay informed about: Economic Twilight Zone 

On Oct 8, 1:38 pm, "tomor...@erols.com" wrote:
> On Oct 8, 1:22 pm, "Albrecht via MotorcycleKB.com" wrote:
>
> > saddlebag wrote:
> > >1. The manufacturing sector lost 18,000 jobs in the latest report.
>
> > >2. Construction also saw a 14,000 reduction in jobs.
>
> > Meanwhile, the goobermint is working quietly behind the scenes to streamline
> > federal regulations so they can bring in more Mexicans to do the jobs that
> > Americans don't want to do.
>
> Good to hear that the much maligned administration is at least doing
> SOMETHING right.

Hmm, considering that those handy little brown people won't be given
citizenship, SS, or much in the way of rights - I'd wouldn't consider
the admin's move to be "right."

But on a funnier note, I recently heard it stated that America's
greatest and most popular international export has become "hip hop
culture." Unfortunately, all the clothes, cd's, movies, and popular
phrases that surround it don't generate much domestic revenue....
 >> Stay informed about: Economic Twilight Zone 

TroytheTroll wrote:

>The dollar is going to be devalued, no doubt about it. We're going to get
>what we deserve...sure as shootin. I think Stephan is right, we've got a
>decent recession coming, as well as higher interest rates in general because
>of all the goobermint borrowing.

Bloomberg was just telling that to conservatives in London on CNN this AM.

--
Message posted via MotorcycleKB.com
http://www.motorcyclekb.com/Uwe/Forums.aspx/sportbike/200710/1
 >> Stay informed about: Economic Twilight Zone 

saddlebag wrote:

>1. The manufacturing sector lost 18,000 jobs in the latest report.
>
>2. Construction also saw a 14,000 reduction in jobs.

Meanwhile, the goobermint is working quietly behind the scenes to streamline
federal regulations so they can bring in more Mexicans to do the jobs that
Americans don't want to do.

--
Message posted via MotorcycleKB.com
http://www.motorcyclekb.com/Uwe/Forums.aspx/sportbike/200710/1
 >> Stay informed about: Economic Twilight Zone 

> One might also want to remember that this FY's federal borrowing was
> far less than projected, and far less than average since 1969, and was
> the lowest as a percentage of GDP since 9/11.
>
> Otoh, it's far more FUN to play the role of Chicken Little on usenet.
>

Unfortunate, but true. I spent about a year hanging out with the worst of
the Doomers, people who are stocking their basements with canned goods,
waiting for the gas rationing to begin, the oxygen to run out, the EMP to
explode over SoCal, and on and on. Most of it seems like a means to rid the
world of people they don't like, aren't their color or nationality, etc etc.
Disguised discrimination, not alot more.


> Meanwhile, my house is almost paid for, it's worth six times what I
> paid for it 26 years ago, and my retirement assets are at all-time
> record levels while my contributions are at the legal maximums for all
> accounts.
>
> Oh, yeah. And I eat out a lot.
>
> Let the good times roll, and the Chicken Little's toll!
>

I try not to eat out alot. And I could do better on the retirement
contributions, but I've got kids in their "wonder years" and firmly believe
in doing stuff with them now if at all possible. Maybe when they don't want
to travel around randomly with their old man anymore.
 >> Stay informed about: Economic Twilight Zone 

On Oct 8, 7:29 pm, saddlebag wrote:
> On Oct 8, 6:47 pm, "tomor...@erols.com" wrote:
>
> > One might also want to remember that this FY's federal borrowing was
> > far less than projected, and far less than average since 1969, and was
> > the lowest as a percentage of GDP since 9/11.
>
> Got a reference?

FACT: The federal government registered a budget deficit of $161
billion for the just-completed fiscal year, the Congressional Budget
Office estimated. The previous year's deficit was $248 billion. The
fiscal 2007 deficit was equivalent to 1.2 percent of gross domestic
product, the lowest since 2001, when the government had a budget
surplus.

(SOURCE: WASHINGTON POST NEWSPAPER, BUSINESS BRIEFING
Saturday, October 6, 2007; Page D14)

FACT: Last year the Congrssional Budget Office predicted a 2007 fiscal
deficit of $270 billion. In January, 2007, the CBO reduced that
projection to $172 billion.

(SOURCE: Congrssional Budget Office )

FACT: The budget deficit now stands at about 1.4 percent of the
nation's GDP, well below the 2.3 percent that's been the norm since
1970

(SOURCE: Economist Michael Darda of MKM Partners in Greenwich, Conn.
"At the current pace, the budget could move back into surplus as early
as May 2008," Mr. Darda wrote in a report to clients last week.)

> > Otoh, it's far more FUN to play the role of Chicken Little on usenet.

> You do it well.

FACT: I am not the one calling the longest peacetime expansion of the
economy, new records for the stock market, growing federal tax
receipts, post-world war II record low inflation, and a declining
deficit, an "economic twilight zone." I am not the one predicting a
third world economy for the United States. I am not the one decrying
the loss of every single nut and bolt screwing job in the U.S.
economy. I am the one presenting well researched FACTs to counteract
such hysterical nonsense.

> > Meanwhile, my house is almost paid for, it's worth six times what I
> > paid for it 26 years ago

> Unfortunately, the dollar is probably worth seven times less.

FACT: The dollars I bought my house with in 1981 would be worth $2.26
each today; not $7.00.

SOURCE: Federal Reserve Bank, Inflation Calculator

FACT: That means, that AFTER adjusting for inflation, my house has
appreciated at an average of 4.15% each year I've lived in it.

SOURCE: Simple math.

> > Let the good times roll, and the Chicken Little's toll!

> I understand that to you, pointing out FACTS that don't fit your
> blissfully ignorant view of the world is unnerving.

You are the one who is without facts and you are the one who has
proven yourself ignorant.

> I'll try to stick to making faces at you and calling you names.

Why, of course. I would expect nothing more of you.

> You seem to deal well at that level of conversation.

Sure, Chicken Little. <SQUAWK!> Don't let the FACTs impede you!
 >> Stay informed about: Economic Twilight Zone 

"Albrecht via MotorcycleKB.com" wrote in message

> TroytheTroll wrote:
>
>>Well....if Americans won't do it, someone probably has to.
>
> Did it ever occur to you that there are about 20 million African Americans
> and half of them are unemployed?

Of course. But if they don't want to work any more than the average
backwoods cracker, they are nothing more than a drag on the economy.
Worse...because they are legal, they can WHINE and we can't even ship them
back to somewhere else.

> I think that our government owes it to African Americans to train the
> unemployed
> people to work on farms using modern machinery and pay them a decent wage
> and
> take them out of the urban slums and house them decently in rural
> communities.

And if they disagree with your version of "employment", what then? They
whine some more, and lots of cheap, possibly illegal labor flows in for the
"decent wage" which some inner city slum dweller doesn't consider enough
because its not as much as some rap star he emulates, and of COURSE he/she
deserves it. I think its all a screwed up sense of what people think they
are "owed".


> And the rich Republicans that run the agrobusinesses around Pixley live in
> their obscene 25-room mansions and drive their huge pickup trucks and pay
> no
> attention whatever to the suffering they are causing.
>
> And all the little towns that were built by American construction workers
> in
> the 1930's are turning into Tijuanas and all new construction is done by
> Mexicans.

Is it politically unpalatable to help white folks of different
nationalities? Or are they really lazy?
 >> Stay informed about: Economic Twilight Zone