Unemployment Rate Increased in 43 States in December
Submitted by
CalculatedRisk on Fri, 01/22/2010 - 7:10am (330 comments)
in
Shopping at Amazon?
Wait! If you click on the Amazon banner link at the top of the page first, HCN will get a percentage of anything you purchase for 24 hours!
Open predictions
Our local book authors
User login
Who's online
There are currently 3 members and 145 guests online.
Currently online
Recent Recommendations
wrong thread?
Still HOPEing for CHANGE.
... and the unemployment funds of 25 states are bankrupt. This isn't going to end well.
reply to Fair Economist:
Warren is my choice too as she also sees the legal backside of the web better then BB. I just don't know if I'd want her in BB or Timmy's slot.
Simon Johnson also sprang to mind along with Joseph Stiglitz.
record unemployment in NC? How can that be when Sebastian has a job?
guy77money wrote:
I'm not that worried about interest rates because for the most part the process is transparent.
I'm against the underhand dealings that happen at the fed reserve. Ben's underhand dealings have been too big to ignore.
The Unforeseen Consequences of Credit Legislation
//waving my byte gun//
This is a thread jacking!!!
Cast your vote in the BFF Poll and no one gets hurt!
Time to build that giant pyramid on the plains. Put all these people to work. Tent cities, company stores...the future has arrived again...hell Blackwater or whatever their name is now can run security...a new Ludlow massacre and everything will just be peachy.
Forty-three states and the District of Columbia recorded over-the-month unemployment rate increases
but but but all the 'experts' said the recession ended june/july.
Never fear, its a lagging indicator remember and these are calculated as 'administrative' backlogs and doesn't reflect economic reasons....snark/
I find the declining rents particularly compelling and an indicator that without sustainable job growth that includes the majority whose nails have never been dirty, this time its a leading indicator. If you don't have a job or your job doesn't pay what it once did or your working as a temp, part time or hanging on to your small business; housing and the stimulus for housing won't make any difference. You can't pay rent/mortgage if you don't have sufficient income.
bearly wrote:
The good news:
You're getting change
The bad news:
Bearly changes shorts with RiF
Juvie changes shorts with REBear
......states with low unemployment........you know, if it wasn't so damned cold and wet, I'd move to Nebraska....well, maybe Kansas,......or OK.........Texas?.......ah forget it - it's too damned cold and humid in all those places......nothing like the desert and 13%+ unemployed.....
Vonbek777 wrote:
I'd rather build a colony on the moon. Bend some metal, burn some alcohol.
The lower unemployment states don't show any pattern I can see. The factors that have helped them are all different. You would think Hawaii would have much higher unemployment, despite the military bases.
Hello Wall*Street, (Hello, hello.)
How’d things go for you today?
Don’t you miss liquidity.
Since it up and walked away?
And I’ll bet you dread to spend another lonely morn with me,
But loan-lie Wall*Street, I’ll keep you company.
Hello window, (Hello, hello.)
Well, I see that you’re still here.
Aren’t you lonely,
Since our dear departed defenestrated & disappeared?
Well look here, is that a drop, or corner pain?
Now don’t you try to tell me that’s it’s rain.
Credit went away and left us all a loan, the way it planned.
Guess we’ll have to learn to get along without it if we can.
Hello ceiling, (Hello, hello.)
I’m gonna stare at you a while.
You know I can’t sleep,
So won’t you watch the bear market with me a while?
We gotta all stick together or else I’ll lose my mind.
I gotta feelin’ it’ll be down a long, long time.
(Hello, hello Wall*Street)
YouTube - Willie Nelson Hello Walls
I think
has begun a new 
diet!!
Secretary Geithner Needs To Get With The Program « The Baseline Scenario
Geithner is, imo, not on board!
"
Whatever you think of that notion or the exact wording, this clearly implies that banks will get smaller. Secretary Geithner apparently does not get this (transcript).
There are two possibilities given that Tim Geithner is a smart person with a great deal of relevant media experience – he did not misspeak.
President Obama said, quite plainly, “So if these folks [the big banks] want a fight, it’s a fight I’m ready to have”. He cannot fight this issue and these people effectively if his Treasury Secretary is not on board.
"
"
If the Democrats go at this fundamental shift in policy in a half-hearted manner or with mixed messages, they will be hammered so badly in November that the Massachusetts special election will feel like a victory in comparison.
Kindly ask Secretary Geithner to appear on all the weekend news shows with a convincing “clarification”.
By Simon Johnson
"
Ouch and things do not look good in the my home state of Indiana... It looks like they are going to vote a 1 percent property tax to the value of your house amendment to the constitution. All schools and State University's get their money through property taxes. A whole bunch of teachers and support staff will be let go in 2011. Watch that unemployment figure keep going up....
done it last night homegnome now put that byte gun down and you will be okay
same exact pattern as yesterday on the SPY....I guess the children are still pissed about not having the toy and the sandbox.
Ciao
MS
Interesting Williams%r is -100. Market is already oversold. { He said bullishly to his own book }
SNAFU wrote:
We're not even sure if he still has a job
You can't pay rent/mortgage if you don't have sufficient income.
Apparently mortgage payments are optional now. Some new fed program or other. The true meaning of "Option ARM'... I choose the option of not paying.
vonbek777
company stores,company housing might just be answer.
Can't go to the moon anymore. New frontiers are a no, no. No, the future of America is tied to necropoleis and cheating death while living a rather dead life. To borrow Radiohead, a pig in a cage, on antibiotics....but we will build grand monuments to make you believe in heaven....all the while making sure we have hell on earth.
Unemployment is certainly high, but once the Wall St. bonuses start to trickle down, Main St. should be able to start impoverishing themselves with debt again.
You have to remember, the business cycles are a little different in the new (e)CONomy.
SNAFU wrote:
That's true. Timmy is experiencing partial amnesia.
Geithner: Obama Proposal To Limit Banks Doesn't Mean Breaking Them Up (VIDEO)
"
During an interview Thursday with Newshour's Judy Woodruff, Geithner told Woodruff that it's not about breaking up banks, but about reducing their risk-taking.
According to the LA Times's Tom Petruno, Geithner's rejection of the word "break-up" seems to put him at odds with Obama's description of the proposal:
"
Timmay is one of those banker's.....he just happens to occupy the office that allows access to the "spigot". Of course he's not on board......
Ciao
MS
The new reality: No more new Kohl's, Macy or any other useless retail space... they will have to think of new ways to squeeze blood out of their existing stores...
File under strange bedfellows. This is at the top of Google News, BTW:
UK opposition warms to Obama's bank plan
| Reuters
cinco-x
i certainly hope those shorts are new still in their package.
most of those are tornado alley,bsr
gabyjan wrote:
That wouldn't be bad news now, would it
Sweet tune, JD.
And from the the great state of Hong Kong I can report that another Guailo remains . . . drum roll . . . unemployed.
Froth and fervor over here, w/ assorted spear carrying roles.
If you're into frothiness, this is your place!
@ HomeGnome -- do you have a link (I can't find one) to a chart that shows bank closures every week? It would be very interesting to map that chart against political events. And I hope your back is better!
Remember this is a 'world-wide' problem...the solution must be global too. We are testing the water right now...we have another prolonged period of uncertainty in the markets...people will be begging in the streets for a global body of regulation to save us from ourselves.
Vonbek777 wrote:
No, the future of America is tied to necropoleis and cheating death while living a rather dead life. To borrow Radiohead, a pig in a cage, on antibiotics
Botox gives only a presentiment of the living death ahead! The final stages of pathological narcissism... then comes nihilism...
The American people have IMO a strong sense of justice and fairness. It is why I believe that class war rhetoric has not worked - attacking somebody just because they are successful offended a basis sense of justice and fairness. The reaction that Wall Street bonuses are generating is not - the size of the bonuses but because it is a visible manifestation of unfairness. They lost their jobs and homes and the guys on Wall Street made out like bandits. In years gone by the same bonuses didn't create the reaction because people were employed and their homes were going up in price.
My suspicion is that we have reached a tipping point- almost like it was a century ago. I believe that next politician will be a populist Republican - who will push the agenda of free markets but make the case that large corporations are antithetical to a free market and to Democracy at large. A Teddy Roosevelt if you wish. If I am right than a lot of the corporate profits which have been achieved by the big getting bigger by purchasing other companies and laying people off could be coming to an end. If PE are high now they will have to get a lot higher if the market is to remain at its current level.
Hoocoodanode?
Green Shoots ahoy!
Well more brown actually. Nothing like a double dip to clip the buy and hold crowd. I have a sticky with some prices for stocks that I think would be cheap. Looks like a month or two of this, and I will be buying again. The history of the 30s is nothing but a big battle between hope and despair. Looks just like what we have going here.
Recovery in 2020!!
Someday this war's gonna end....
Market is already oversold.
IMO Mr. Market has yet to discount a couple of headwinds.
1) a rising dollar will hurt all those repatriated overseas earnings (which got a huge tailwind last year)
2) large share of 2009 profits came from financials not reserving enough for losses (can hide the potato only so long)
Black Star Ranch wrote:
Isn't CAT in Iowa? Their UE rate isn't too bad considering....
here's just another tool for the TBTF...wonder if this has anything to do with JPM trying to corner the sell side of the silver market.
J.P. Morgan nears purchase of RBS Sempra (Dealscape - Pipeline)
Ciao
MS
scone<
FDIC: Failed Bank List
My back is getting better.
At least I'm not all hunched over today and I can actually walk more than a few feet.
A HOT bath really helped.
I saw two good jobs from Cash For Caulkers yesterday. County building had two guys caulking a window. One working and one watching! Our tax dollars working hard for us.
There's a strong argument to be made that the system is more unstable now than ever before. Why? One reason is the credit creation idiocy/sham has been exposed. Many of the assets that people/banks are holding are only money good with trillions in Central bank and Government backstops.
One of these days, people are going to stop believing in the "liquidity" story and start worrying about the trillions in non-economic and unsustainable credit that are cycling aroud the globe parading as real, spendable money. I don't want to be around when the stampede for the exits starts.
Vonbek777 wrote:
people will be begging in the streets for a global body of regulation to save us from ourselves.
Right on cue. And amazingly, an entire world government will be organized in record time to give the people what they want. Almost as though it had already been planned for.
scone wrote:
I could see that happening. Any good change in the US will be forced on other countries. That's the reason why it is important that these changes happen in the US.
I repeat myself. I sent O an email supporting his bank proposal.
Young Tim was on the PBS newshour yesterday, and I didn't hear anything other than the usual ersatz economix come out of his mouth, as I was concentrating on watching his forehead move all over the place, he's got quite an active one...
Timmay shows up @ 2:15
YouTube - Tim Geithner Explains President Obama's Plan For The Banks
deleted.
Cinco-X wrote:
Isn't CAT in Iowa? Their UE rate isn't too bad considering....
John Morrell will be closing its entire meat-processing operation in Sioux City, leaving a void of at least 1400 jobs. That is going to hurt, too.
On the last thread, I agree that the major appeal of Volcker is that he is NOT the toady of Wall Street. In the current envirnment I believe he would do the following:
1. More fully re-enact Glass Steagel (and not call it the 'Volcker Rule')
2. Enforce leverage limits
3. Allow NO off-balance sheet investments
4. Have a market for CDS - and ensure any party in the swap actually has an interest in the CDS
5. Stop bailing out failed entities. He would ruthlessly close down failed institutions
6. He would use the bully pulpit to ensure people understood real risk. That is, he would challenge the ratings of the crap rating agencies.
7. In his dual mandate of price stability vs maximum achievable employment rates - he would favor price stability.
umm, more in this vein but I have hijacked the current thread enough.
The "Volcker Rule" scare is killing stocks, raising bonds, and possibly helping the dollar. Taking some of the fluff out of the markets seems like a good thing to me. Hat tip to Nemo!
Bonds up with safety bid as Obama plan hits stocks
| Reuters
I am a huge Tolkien fan, read most of the notes Christopher Tolkien published from his father...the fall of Numenor...Atlantis is a very good 'fictional' history of a nation in decline. To become jealous of the 'gods'...or the limits placed on mankind...we are there now. To worship the past and make it more than it was....we are there now. To build monuments of excess to the past....we are there now. Tell me we don't practice necromancy of a sort already...all that is left is to build the armada and set sail for paradise in our hubris.
Duke wrote:
Steagall
FDIC: Failed Bank List
not homeGnome full list
HomeGnome wrote:
Glad to hear it. Thanks!
crazyv wrote:
No, that is not why class wars get started. Class wars get started when successful people unfairly stomp on the necks of certain other groups of people who would also like to be a little successful. I.e., class war is a response to unfair behavior by a small class of "successful" people.
I saw two good jobs from Cash For Caulkers yesterday. County building had two guys caulking a window. One working and one watching! Our tax dollars working hard for us.
Deflationary Jane wrote:
Great suggestions, especially Simon Johnson. I should have thought of him.
OK, I'm embarrassed to post this source [not to mention it's from yesterday], but it bears on the Obama vs
Mad Money: Should the Banks Thank Barney? - CNBC
Duke wrote:
In fact he is on record that he does not want to bring back glass steagall; I posted his comment from the Charlie Rose show, yesterday.
I think we need to define successful here...this is the root of the problem...why the chasm is so wide between the rich and poor.
Deflationary Jane wrote:
Of course, there is Herman Daly, but that would be much to sane. The others think that we need "to grow the economy" to make the petri dish better.
Looks like Kermit put a brick in his glove. Elmo is stunned for a moment.
Fair Economist wrote:
Concur. Mr.Johnson, ex IMF, would be an excellent choice.
America is in danger of going SoCalist, from the deluge of debt.
why vonbek777 they told us it was.
tuesday's special election meant that the Axelrod wing of the Administration prevailed over the Summers/Geithner/Rubin school. to give Obama some credit, it took Bush 1.5 terms to realize that Rumsfeld had no clue what he was doing.
mos maiorum wrote:
I'm sold.
In real commentary: Has anyone commented on that WV peak unployment of 18%? Wow, when was that?
Merry Christmas!
Our lasting monument will be one hellova financial pyramid scheme, but how will it stand the test of time, like the skyscrapers in the middle-east have?
"My suspicion is that we have reached a tipping point- almost like it was a century ago. I believe that next politician will be a populist Republican - who will push the agenda of free markets but make the case that large corporations are antithetical to a free market and to Democracy at large."
So you are saying a strong leader should be leading us, not just the $. I happen to like the idea of no copyright laws, China style capitalism. I also like the idea of supporting and leader not just voting for them. Corporations working in this country should work for the commander in chief not the other way around. Too bad we blew our budget on homeland security and not a huge R&D program. It's almost as if TBTB are thinking of jumping ship and heading east as our country crumbles. Doesn't that piss you off?
I would say I agree with you, but the propaganda campaigns and the dumbing down of the country in the last few years leads me to believe that the rich will in fact jump ship and head east in the future. Classic divide and conquer. The U.S. will be left as a simple colonial outpost. Left to rot, like so many others.
12th Percentile wrote:
You miss the lemonaide stand discussion?
Define Rich. Owe no one and have excess. Poor. Physically or mentally handicapped or lazy.
Fantastic chart!
Whoever heads the Fed, if it's not Ben, would likely come out of the system, like James Bullard at the St. Louis Fed.
Federal Reserve System - Wikipedia, the free encyclopedia
Right now Tall Paul has tremendous moral authority, partly because he's not in the Fed, getting slimed by association with the
. In a way, he has more power if he can be a kingmaker and policy prophet.
Don't underestimate the Jobless Recovery...
Re: HAMP going stated income.
Told you so. I called this months ago.
Next we will get interest only mods.
The only way to keep the bubble inflated is to recreate the bubble conditions. that means stated income, Interest only mod payments.
We basically already have neg am in the mods, with the principal forbearance rules.
Apparently the early 80's in a 1-2 combination of plummeting coal prices and manufacturing.
I'm sold.
In real commentary: Has anyone commented on that WV peak unployment of 18%? Wow, when was that?
No words jukebox
YouTube - Art of Noise - Peter Gunn Live featuring Duane Eddy
It would help if you read the entire post and tried to understand it.
please ghost make it go away....If this goes to stated income on top of all the other delay tactics...I'm going postal.....
check this scalp trade this morning..HEAT...went up a dollar in 2-3 minutes on the 1106 sp pivot....
SmartHeat Inc. Share Price Chart | HEAT - Yahoo! Finance
how old are you crazyv?
ghostfaceinvestah wrote:
The only problem is people don't have jobs. How long can HAMP string things out with people working 8 USD/hr or living off of 250 USD/week?
biochemist wrote:
.....last "few years"?.........try 40-years. The drunks of the late sixties let their kids "go to seed", now a degree is akin to an 8th-grade graduation.
And don't look for the employment situation to get better anytime soon matter how much
is being pushed on you....
Many lost, downsized, outsourced full time jobs are NEVER coming back
then there's this...
The United States Government Accountability Office has estimated that so-called contingent workers - everything from temps to day laborers to the self-employed to independent contractors - make up nearly a third of the workforce. And forecasters believe that proportion will rise.
The end of the office... and the future of work - The Boston Globe
lol blackstar, You have to understand, I am a young guy. Most of that stuff was before my time.
Black Star Ranch wrote:
Drunks? The only thing more uncool than drinking was going to Las Vegas. Of course, we did use a bit of acid.
yagij,
with stated income, who needs a job?
Plus, from the post, the government is already looking at ways to allow people to skip payments if they have no job.
They are going to string this out as long as possible.
Unless we have a dramatic change in leadership soon (and I am talking Ron Paul types, not Scott Brown types), we are doomed to decades of stagnation due to tricks like this.
40 years ago, if you wanted water in a public place, there were drinking fountains everywhere, but I never saw bottled water for sale anywhere, and now it's just the opposite.
...so, if a third of the workforce consists of "gray area" workers, AND, unemployed as well in the same numbers, wouldn't that double all UE percentages?
"Are Obama's Proposed Bank Limits Too Draconian?"
I propose a moratorium on the use of the word "draconian" It is being thrown around like what is being proposed is truly horrific or severe. When the codes call for people being drawn and quartered or paper assets are burned in front of their owner's bound bodies, then we can use that word, but until then, can we just substitute the word "unpleasant"? The people would still be the same.
Lobbyist Ben Dover wrote:
Define Rich. Owe no one and have excess. Poor. Physically or mentally handicapped or lazy.
An engineer ten years my senior first introduced me to the concept of passive income when I was about 19. It was such a strange way of thinking to me, and took quite a while to get my head around the idea that you could make money with money, by doing nothing and with no risk.
yesterday there was an analyst saying that this was good news for bank shareholders since the limitation on asset size would allow banks to get out of "unprofitable businesses"
I had forgotten how altruistic the bankers really were and they were in these low profitability business like lending to consumers because they were doing us a favor. If the bank trading operations don't have (a) the credit standing of the bank (b) the liquidity that they have access to by being part of a bank - the value of the operations is not nearly as great as some of these mad caps believe. Why would an investor pay a premium for investing in what is essentially a hedge fund.
Houston's unemployment rate edges up | Business | Chron.com - Houston Chronicle
2009 ended with Michigan's jobless rate at 14.6% | freep.com | Detroit Free Press
Bay State unemployment rate kicks back up to 9.4% - BostonHerald.com
it is going stated for sure, don't go postal, it is going to get a lot more ridiculous.
speaking of ridiculous, that chart is something, that stock climbed a buck on zero volume.
adornosghost wrote:
........and hash, 'shrooms, PCB, mescaline, downers, uppers, pops, .....I've forgotten most of the stuff I used.....
"Unless we have a dramatic change in leadership soon (and I am talking Ron Paul types, not Scott Brown types)"
Did you hear Ron Paul's latest speech? All Ron Paul has to do is give me some names. He is one of the few "representatives" I respect.
Tastes like Orange Sunshine!
biochemist wrote:
I respect Ron Paul. What is Ron Paul's position on O's bank plan?
And elsewhere in the developed world, the job scene ain't so hot either...
Grim Poppet linked an article from NZ yesterday, where thousands showed up for supermarket jobs, in Auckland.
Last year, this site discussed Mad Max scenarios, high UE seems a necessary component--I predict we're gonna see some cities in Michigan burn.
ghostfaceinvestah wrote:
You can have a house, but you need more than just cheap, degrading housing to give you the time you need to stretch this situation out. The problem has spread beyond the bank's (off-)balance sheets, and you don't have much time to paper over the stench of moldy paper assets this time like you did last time.
.
Besides some people may just go like ,rad Kristina and tell them to put up or shut up. HAMP won't fix those kinds of problems.
BSR,
Did you ever do Datura?
It seems like everybody your age tried it, once.
you have been dead on with your calls...Rediculous is being nice with your adjectives...
That stock is a scalpers sordid mistress....been playing it for a while now...
....they're already burning down the houses, Mel......a year ago was the last gully before the big cliff dive into March (2008). What's with Januarys?
Black Star Ranch wrote:
The difference is that the burn will be riotous.
biochemist wrote:
a few may certainly do that but not as many as people fear. Why is that so many corporate headquarters have moved back to NYC (at least the office of the CEO) - at the end of the day wealthy people are willing to pay the higher taxes to live in civilized places.
I am not advocating a strong versus weak leader - just trying to make the observation that "fairness and justice" are powerful forces. People have long been distracted from the increasing unfairness and injustice by inconsequential issues. But every once in a while there are a couple of simple things that have the ability to grab peoples attention. I believe WS bonuses this year when the average person is hurting and the reappointment of Bernanke are two such simple issues that even the most disengaged person can understand. " J6P you get fired when you screw up - but if your are a connected Washington insider you get promoted for screwing up- XXXX Senator voted for Bernanke we know who owns him".
@ km4 -- Although the article isn't covering quite the same territory. That's talking about distributing work via ubiquitous computing, which has been going on for some time. So there's going to be some work creation as well. But the 1950's style 9 - 5 job with a gold watch after 50 years is going to change, no matter what the economy does. A few years ago there was a book called "Multiple Streams of Income," which is where I think things are headed. It doesn't favor debtors, that's for sure.
I thought the headline read "Unemployment Rate Decreased in 43 States in December" and I was almost ready to close all my shorts.
OT ALERT:
(AP) Undercover ATF agents in Virginia have funneled more than 250 million cigarettes onto the nation's streets in the past three years through black market sales targeting smugglers, an Associated Press review has found.
Authorities say the flood of government-provided smokes - a pack and a half for every man, woman and child in New York City, the smugglers' main destination - leads them to organized crime rings and can even cut off financing for terrorists. The stings by the Bureau of Alcohol, Tobacco, Firearms and Explosives have yielded about five dozen federal arrests, albeit none on terror charges.
snip/
In fact, the cigarettes come from the same places the legitimate ones do: Big Tobacco. Under an ATF program, tobacco corporations supply cigarettes for stings and are repaid with the proceeds from the sales.
Feds Sell 250M Cigarettes to Nab Smugglers - CBS News
---Always nice to get the ATF to sell cigarettes for you ILLEGALLY!!!
why does that matter?
Detroit unemployment has been at ridiculous levels so long that this is barely registering as exceptional. Compared to the Great Depression though, it ain't too bad.
shhhh
on the $RUT
and right on cue the streamer says "market oversold"...funny how it never said "overbought" much.....
Ciao
MS
Isn't the multiple streams thing originated from MLM pitches?
we could have a nice H&S forming here....working on the head now.
Ciao
MS
I dunno, but I always wait to be wrong on head and shoulders calls until they're working on the right side.
MS wrote:
That's a quote from Monica Lewinsky.
badger wrote:
I don't know, I never read business books, just the title and jackets. Usually there's one good idea per book, padded out to 250 pages so the publisher can justify a hardback price. There are better books to spend real money on.
whats interesting is no experts are being paraded out to emphasize it like the last squeeze play in october....maybe this one will pan out
Cinco-X wrote:
CAT is headquartered in Peoria Illinois and its larger plants are in Illinois - one of their big plants is closing and moving south. Deere is located in IA.
OT: Warren Buffett's Lost Vote
I'm no fan of WEB, but Kraft's actions is beyond unconscionable. WTF even call them "shareholders" if they can't have votes on these kinds of major acquisitions? Why not just call them "cash stupids" or "consumers"?
thanks for acknowledging that, unfortunately my calls have been accurate because I know first hand how corrupt, incestuous, and nepotistic the mortgage and housing industries are.
working in this industry often depresses me. It doesn't resemble at all what a free market industry should be. It will foster the downfall of this country, the only question is when.
Hmm....Harley Davidson having some tough times? Who could have seen that coming? Not enough credit or fun money to spend on a mid-life crisis toy? Tough sledding ahead.
Quarterly revenue tumbled 40 percent to $764.5 million from $1.28 billion a year ago.
Harley-Davidson posts 4Q loss, first in 16 years - Yahoo! Finance
ghostfaceinvestah wrote:
What would be your unofficial recommendations to either avoid or benefit from this situation? If you don't own a house now, buy one?
yagij wrote:
Bless you, sir, defender of the language!
Mel wrote:
Adding to the stress
Water bills to rise an average 9.5% under Detroit proposal | freep.com | Detroit Free Press
"Metro Detroiters will pay an average 9.5% more for water, because of a drastic decline in water use, under new rates proposed by the Detroit Water and Sewerage Department on Thursday."
And
"Water consumption is down 20% over the past two years, and 60% since 2002, as auto plants close and residents move away, water officials said."
That chart [with all the states on it] tells the tale doesn't it? Big difference between central fly over and bubble states [or Michigan which is a wreck all its own].
Even inside states there is a huge spread I'd guess - at least in mine... I looked up the county by county [and even some MSA] data... Moorhead MN [next to Fargo ND] - smallish city [whole MSA including Fargo prolly < 200K?]... 3.1% unemployed. Lower even then the state wide average in nearby North Dakota [4.4%]. Well below the state wide average of 7.4% for Minnesota as a whole [my county is at 6.6%]. New numbers for counties & cities comes out Jan 26.
Compare those numbers with say Florida, Nevada, So Car - etc. A world of difference out there.
ghost-
Wifey had to learn that the hard way.....I kept pleading with her about the constant nefarious practices that took place. It only hit her when she wasn't getting paid any longer and that lasted almost 6 months. She kept it from me and I only found out when I happened to open the spreadsheet with our bills....... We had an "understanding" about flashing warning signs right about that time..
Ciao
MS
OT:
The California Supreme Court ruled Thursday that the state cannot impose legal limits on the amount of pot that medical marijuana users can grow or possess.
Court removes state limit on medical marijuana possession - Sacramento News - Local and Breaking Sacramento News | Sacramento Bee
I don't have this down a to a precise science, but I think business books generally fall under:
1) Ex post facto self-congratulatory tours. (Iaccoca, Gates)
2) Captive audience manna. MLM and religious business books fit this. (Kawasaki's Rich Dad/Poor Dad)
3) Academic press. (Any textbook basically.)
Most business ideas can be justified if you can find the right circumstance. The dirty secret is that most successful businesses got their because of 'luck' and external factors. That doesn't make a good book though.
HomeGnome wrote:
Whew! I was sweating that one.
Mike in Long Island wrote:
Umm... WTF?!?
.
Usage is down (Good). Need to jack of fees for use (BAD).
WB owns a load of HD debt....... half a billion I think.
Ciao
MS
ghostfaceinvestah wrote:
I've often wondered how RE is able to resist reform, when other industries have a lot more money to spend on buying politicians. The commission-based compensation system is the most egregious aspect, and somehow, no one has been able to kill it.
Scale ain't so cool with downscaling.
Hmm who to blame?
http://s.wsj.net/public/resources/MWimages/MW-AD202_obama__MD_20100121124519.jpg
What is the opposite of schadenfreude ? I've been on this site too long.
on that potential H&S...volume traces are too "neat"....you know like they are painting it and then take it the other way. Remember when 'grandma' knew about the potential one about six months ago?.....like that.
Ciao
MS
"I believe WS bonuses this year when the average person is hurting and the reappointment of Bernanke are two such simple issues that even the most disengaged person can understand."
Bernake is a non issue, any Fed man in his place would have done the same. What bothers me is what we have been spending our reserve currency on in the mean time. Due to the massive deflation, we can in fact print whatever we want and until another global currency reveals itself that has full control over the oil and drug trade, that won't change. It seems to me they have been sparing no expense on dumbing down the country and not improving it. Why? That's all I want to know.
badger wrote:
Keep thinking that. You'll go far. Yep it's all luck. All those millions of businesses. Too bad the owners are just too stooopid. They should just buy lotto tickets and bet the ponies instead of working 80+ hour weeks.
Schmucks!
Without comparable goods, there's no efficient market, and the invisible hand gives itself a reacharound instead. More generally, the practice of mortgaging leads to irrational behaviors.
Terry wrote:
And Illinois. Huge operation in Waterloo Iowa [four major plants & global design center] also some other cities... corporate HQ in Moline IL [with a couple plants there and one across the river in Davenport IA].
That is for their Ag & Construction divisions. Lawn & garden operations are headquartered out in the Carolinas.
Just sayin'...
shill<
More accurately.
Bill Clinton Pictures - Bush Hosts Obama, Former Presidents At White House Luncheon - Zimbio
Four & 20 blackbirds baked in a pi
Re: Duke 8:30
4. Have a market for CDS - and ensure any party in the swap actually has an interest in the CDS
During his confirmation Geithner claimed that in his time at the NYFRB he set up and attempted to regulate the derivatives and CDS market (I don't have his exact claims). He also claims to have saw the "storm clouds" coming in the economy in 2007.
I wonder if this is why his confirmation hearing transcript isn't publicly available. Because we would all see Geithner is full of sheet and that the Senators rolled over when his tax-issue was a clear sign that he wasn't rigorous enough. He has an easy excuse in a couple years when this is blamed on him... "It was clear... back in '08 that TARP wouldn't work... that we weren't doing enough... that we needed further authority... but I didn't recognize it at the time". The perfect mirror to his tax-issue excuse... "It was clear at the time, but I made the initial mistake and continued to make that mistake".
even though i think house prices have another 10% to fall, if you are a FTHB and can get a 3.5% down FHA mortgage, go for it, the put option on those mortgages is way underpriced and mortgage rates are still far below what they should be. sure your house value may go down, but since you have no equity anyway, no big deal.
if you need a free market mortgage like a jumbo and have to put 30% down to get it, don't do it.
and if you own a house today and are way underwater, stop paying, at this rate you should be able to get 2 years of free or nearly-free shelter (you may have to enter HAMP to play the system for a few months somewhere along the line).
Don't worry about the credit hit - I guarantee at some point in the near future the underwriting guidelines for Fannie/Freddie/FHA will not penalize people whose only blemish is a housing default during the 2007-2011 time frame. I put that at 100% probability.
Yes indeed...i stand corrected.
dryfly wrote:
Compare those numbers with say Florida, Nevada, So Car - etc. A world of difference out there.
I have parsed through a lot of demographic data over the years to say it seems that is just the pattern -- the high-income speculative gravy gets mopped up by the coasts during boom / easy-credit days, everything to higher and higher levels, then they crash spectacularly when the sector has been stripmined of value, meanwhile mid-America carries the brunt of the lower-margin, un-sexy and lower-tech but stable employment, rebuilds the bubble areas through steady taxation and eventually next bubble hatches, then the migration pattern just goes on again... over and over.
noob goldberg wrote:
Might consider a SDS position, and not from the Weathermen.
yagij wrote:
Large, costly infrastructure that needs to get funded by fewer and fewer people. Kind of like the HOA fees going up for those who remain after 30% of the association is in foreclosure.
dum luk wrote:
Schadenfreude = joy from others pain
Envy = pain [at least psychic pain] from others joy
There are plenty of businesses that fail every year where the owner worked 80 hours per week.
badger wrote:
I know one personally - guy all but lived there and still failed. We took over his work [and my guys are logging similar hours now though hopefully at a profit].
"Downtown at the Spotted Pig there were two Goldman Sachsers who wouldn't say what they did exactly. We told them we would say they were engaged in "inflating bubbles and then shorting them" if they didn't confess to their actual occupations. One of the pair said that was not too far from the truth."
Privately, Wall Street Lashes Out At Barack Obama
adding to ghost's advice....in the big bubble states (FL,AZ,CA,NJ) the time is closer to 3 years free. They simply can't (and won't) be able to keep up with the cascade of strategic default. BTW may be I don't understand HAMP enough but what good does that do if you basically stopped paying and then got into that?
Ciao
MS
The better half ran a flower shop for 18 years ( very profitable) , we sold it right after 9-11.......the new owner lasted 1 year there after......closed up and headed for the hills I guess.
( No HG not
that flower ) 
ResistanceIsFeudal wrote:
Sounds about right - and I'm okay with that as long as what happens on the coast stays on the coast [don't want their FIRE here even if it does 'boost' incomes].
If strategic default is that much; how does it add up to only 10% drop in house values; particularly with interest rates increasing? Certainly you're thinking interest rates double from here; any chance they get into the 15% range?!?!
I agree...I'm seeing some divergences on fica scores already..they are tweeking their algorithms...
btw- I can raise credit scores in 48 hours based off right information and paperwork..raised one from 540 to 640 the other day....
badger wrote:
There are plenty of businesses that fail every year where the owner worked 80 hours per week.
Yup. And very brilliant people who fail spectacularly even with a superior product and a head for marketing. But these illusions we tell ourselves are necessary to the cultural mythology of business in what used to be a very entrepreneurial culture. Someone always wins a lottery, and rain falls on the just and unjust alike. The new mythology will be more like, look at that guy who grifted the government, which is even more toxic than naive meritocracy myths.
I found myself wondering whether it was the sort of flower shop that employed flower girls.
BTW, with the new construction, how long does it have to be empty before it's worthless. 3 years?
What is really starting to make my eyes roll back in my head is how Wall St is trading on an entirely make-believe economy. Analysts come out and talk about recovery, fundamentals etc etc when there's nothing resembling natural market behavior. The economy is entirely managed, propped up by 1 form of government intervention or stimulus or another. I don't know if the analyst (pumpers) are buffoons or simply lying and trying to skim as much as they can until the whole thing falls apart completely.
I can't get enough schadenfraud, and it's coming out of orifices everywhere.
Who'd ever heard of Bernie Madoff, until we found out he had supplanted Charles Ponzi's role?
dryfly wrote:
Yeah, I hope I wasn't hinting of malice or regret there. Workers gotta work, singers gotta sing, writers gotta write, banksters gotta bank, grifters gotta grift, scammers gotta scam, royalty gotta do nothing... oh wait, that last one wrecks the whole system, doesn't it?
Sounds about right - and I'm okay with that as long as what happens on the coast stays on the coast
badger wrote:
Liz says it can be much sooner in Florida IF [when] mold gets in. I'd guess that's true all across the SE 'humidity belt'...
Sorry Nate I don't get it?.I tell you one thing though the Funeral Business is lucrative.
YLSP-
Sitting on them and doing nothing other then sending out an NOD keeps price "sticky". I know of several people who stopped paying (over a year) and have not even gotten an NOD in the mail.
Ciao
MS
Mike in Long Island wrote:
But with water. Kind of like the most important thing needed to survive after breathable air.
.
I understand the logic, but at some point, you have to wonder if these people know they are trapped. If I was living in Detroit, I would do everything possible to avoid the water man. Garden hoses and latrines FTL!
bearly wrote:
And this is different from every analyst's behavior since Ogg and Kraz traded rocks and pelts 1,000,000 years ago, in what way?
.......the town water utility here is going for a 78% rate increase. Another well-run AIG Company (Utilities, Inc.). Makes me grateful I have a well......Screw 'em.......watch out for water-rates though! Ya gotta drink the stuff.
Pahrump Valley Times - Nye County's Largest Newspaper
Circulation
dryfly wrote:
Same in the desert. The buildings are designed for climate control internally. And of course, there are bugs.
yum. mold.
http://swamplot.com/wp-content/uploads/2008/06/candlewood-glen-mold.jpg
also we have to factor in the pricing structure and who does it.....that goes a long way to keeping values from dropping and the perception of only a 10% drop in some cases.
Ciao
MS
The Supreme Court removes important limits on campaign finance - washingtonpost.com
Worst decision in 150 years. Shameful. Disgusting. And just goes to show you that the corporate takeover of America is now complete
Halliburton will be proud.
Juvenal Delinquent wrote:
I envy your schadenfreude and raise you two ambivalences...
You can easily get 3 years free if you know what you are doing and play the system right. You will probably have to either make some payments at some point (i.e go into HAMP, then re-default), or threaten a lawsuit saying the broker/loan officer misrepresented your income without your knowledge.
If you are a troublemaker your file just goes to the bottom of the pile.
"Flower girl" as in Pretty Woman, or My Fair Lady.
Eric wrote:
Ogg and Kraz got pelted with spears when the pelts failed.
The freak-out phase is already starting to pass. Even GLD is looking perky. By next Monday, everyone will have gotten over the initial shock. I truly hope the
is not yet thinking of putting out a contract on certain people.
Just a friendly reminder that the BFF Poll is open.
Cast your vote now and be the envy of your fellow bloggers.
Or enjoy the schadenfreude; depending on your perspective.
Comrade Misean is Dope wrote:
Ogg and Kraz got pelted with spears when the pelts failed.
Not rewarded with even more rocks and pelts? Although crude and unsophisticated, I bet that economic system would work a lot better than ours.
Ahh I get it.....no we did not get into prostitution, most of my wife's clients were dead.
In the desert you only have a mold problem if you marry bad roofing construction or flawed HVAC design with tyvek, otherwise it dries out tout suite.
Did I just hallucinate that Barney Frank agrees that Fannie & freddie need to be put in runout mode or something to that effect?
+1
A worthwhile piece on Japan's debt conundrum: - Alpha.Sources - Paging Martin Wolf - A Detailed Look at Savings in Japan
The gist is that possibly the accumulated profits of Japanese corporations could be taxed and distributed to the population to trigger domestic demand. I am skeptical of that argument. It seems to me that one possible offset to the retained earnings on corporate balance sheets might be cross shareholdings which may not be marked to realistic values; due to either not marking them to exchange prices or simply the fact that Nikkei share prices are actively propped up by Japan's financial authorities.
If a substantial portion of Japanese corporate assets are invested in US Treasuires, for example, which seems quite likely, this tax proposal would trigger sales of those Treasuries which would have the effect of strengthening the yen relative to the dollar. This is a result that the finance authorities would clearly rather not see. I suppose that corporations could simply hand over the actual securities as payment for such a tax, but then the Ministry of Finance would need to sell those to allow for distribution of the proceeds.
Comrade Misean is Dope wrote:
I think they can mothball them a long time up here in the north IF they blow them down in the fall & keep them cold all winter - ice dams being the only serious risk. Come summer though - its like the south - hot & humid. Some one would need to attend to that. Shorter at risk period for sure and not quite as hot but mold doesn't need a long time nor super warm conditions to wreck a place.
Lesson to take away - they are all perishable and with very short shelf life unless cared for somehow.
Why do we mostly give flowers to dead people, and only get to see their lives summed up neatly-usually in just a few paragraphs, after they've gone.
How about Livebituaries instead, and flowers for any occasion?
adornosghost wrote:
I've got an SH position, but I should have probably upgraded that to an SDS.
Thank glod for Nebraska and the Dakotas! Business seems to be BOOMING there!
shill wrote:
And here we just thought they were 'English' [from a punchline to a joke on a similar theme]...
Comrade Alexei Mikhailovich wrote:
Wasn't talking mold. Different problems with heat. And we're talking abandoned buildings...which goes back to my point about contra your HVAC thingy...
TCA wrote:
It is.
dryfly wrote:
DING!
the Rustroika Belt
Yesterday 1115 was a floor on the S&P. Now it appears to be a ceiling.
I aesthetically like the idea of being buried (as ashes is fine) and having a tree planted on top. As for myself. I'll be beyond caring.
Gratuitious 'Jon Stewart mocks Olbermann' Link
I don't know which way RCP leans but this was the funniest thing I've seen in awhile...
thats called "please honey forgive me for my stupidity" in my household....works most of the time....
but instead of flowers I get orchids...they come back every year and you can will them
HomeGnome wrote:
Does SheBair have any funds to close down any other banks? Seems I remember we're reaching the debt ceiling that they haven't voted on yet.
just an idea, build partially into side of a hill. I've seen some stunning homes done this way.
Earth sheltering - Wikipedia, the free encyclopedia
Also, how does large masses of asphalt affect tornando patterns?
TCA wrote:
Thank glod for Nebraska and the Dakotas! Business seems to be BOOMING there!
Pawn shops, payday loan centers, and subprime credit issuers complement overreaching healthcare bloat nicely. Luckily that's not all they have.
Anyone seen Not a real merican around?
Even in South Alabama mold isn't that overwhelming a problem. Mold generally is a problem there only if the inside gets wet, so the hazard arises from leaks and not just abandonment. South Florida, where Liz is, has a particularly humid climate from being so far south and surrounded by ocean.
HomeGnome wrote:
HomeGnome wrote:
I was going to ask that very question this morning. I haven't seen him for ages.
Let me get this straight- the unemployment rate increased in 43 states, but was unchanged nationally?
HomeGnome wrote:
Stay away from the brown acid-
crazyv wrote:
I don't know anybody like TR in the Republican Party; he was a man of complete integrity; even then, they didn't know what to do with him. There may be somebody on the local level who could step up, but I doubt any of them have been allowed to get into Congress.
The equivalent of an early-20th populist Republican is probably a moderate-conservative Democratic reformer (or an independent) who's looking for the right answers regardless of what ideology they belong to. And I don't know one of those, either.
Bair,
She has the prepaid funds... which might last 2 years at this rate.
Yancey Ward wrote:
Let me get this straight- the unemployment rate increased in 43 states, but was unchanged nationally?
Witchcraft... with numbers.
TCA wrote:
SoDak has a big presence of credit card banks - an endangered species. Nebraska has some big card processors (also endangered), insurance (who knows what the future holds), call centers (hotels cutting back and offshoring), meat processing (endangered) and ethanol (endangered). Who knows what NoDak has?
Juvenal Delinquent wrote:
I knew people who did it; they warned me off.
I could drive an hour to a particular place I know and find all the jimson weed I want. But I've never been tempted.
Yancey Ward wrote:
If you have to ask, you don't understand the models.
Juvenal Delinquent wrote:
Got some dope laced with it once. Kinda disturbing, really. Reach for the door and see a thousand hands. BTW, they call it Jimson Weed or Wildwood Weed down South-
Fair Economist wrote:
True dat. A lot of my remodeling work was on old houses, some of them near derelict. "Surface" mold and mildew, like the stuff on drywall, can be dealt with, I've done it. But once water starts to get into a structure, and you get dry rot and wet rot in the timbers, it's game over, man.
The equivalent of an early-20th populist Republican is probably a moderate-conservative Democratic reformer (or an independent) who's looking for the right answers regardless of what ideology they belong to. And I don't know one of those, either.
What you would have to do is get into the House and keep a great track record for 10 years. And somehow give enough crap about corporations that you are kept from any type of challenge. I think the solution is to have more Representatives; which means each representative has less constituents.
But even in House races; they never campaign like Presidents. Could you imagine a House campaign where the guy went from neighborhood to neighborhood in some type of block; trying to get votes? I've never seen such a thing happen at even the local level. I never see anyone campaigning for office... they've never met me... its ridiculous... and they want me to vote for them?
Thought he mentioned something about New Zealand vacation? Maybe that was someone else....
Terry wrote:
Woodchippers?
Terry wrote:
DOH! I knew it was one of those
Thanks-
Wait a minute. What's the deal with Virginia having such a spike at one time in UE (according to the chart)?
bearly wrote:
A powerful, imperialist country is not like a hamburger or a running shoe. America didn't have a branding problem; it had a product problem.
I used to think that, but I may have been wrong. When Obama was sworn in as president, the American brand could scarcely have been more battered – Bush was to his country what New Coke was to Coca-Cola, what cyanide in the bottles had been to Tylenol. Yet Obama, in what was perhaps the most successful rebranding campaign of all time, managed to turn things around. Kevin Roberts, global CEO of Saatchi & Saatchi, set out to depict visually what the new president represented. In a full-page graphic commissioned by the stylish Paper Magazine, he showed the Statue of Liberty with her legs spread, giving birth to Barack Obama. America, reborn.
-Klein
HomeGnome wrote:
Actually he did a drive by the other night and mentioned a complete and total computer crash that was taking some time to recover from.
dryfly wrote:
They seem to be more a liability than an asset.
Cinco-X wrote:
Grew up in Peoria and my dad still lives there - pretty depressing employment situation.
Bob Dobbs wrote:
I agree, Bob. That's a good description. And such a person would have a hard time making it through the primary election process.
Mike <
Thanks, we know we didn't detain him.
Who knows what NoDak has?
Come to find out, the North Dakotans were all too frozen and stuck to their radiators to go file UE.
Terry wrote:
Oil & wheat. Nuff said.
NE is not booming. Someone has been listening to the Hopium salesman. I can tell you the RE problems are being hidden here but this spring it will bust out. My RE person tells me 9 houses in my neighborhood coming to market this spring. Triple the norm. I have a few empty rentals and one just lost his job as a business closed after Christmas. Lots of signs here but as long as the sheeple listen to the local news they will still play along. We are just late to the game.
Sen. Ted Kaufman: We Need a Banking System That is "Too Safe to Fail"
Yancey Ward wrote:
They make up for it with volume.
Terry wrote:
Oil, and lots of Farmland. Plus a State Bank.
gabyjan wrote:
YouTube - grateful dead - Cumberland Blues - Three From The Vault
+1
Odd, about a month ago my home machine crashed completely. (Win XP). I had to wipe the hard drive and reinstall from the disk. And it hasn't completely returned to normal. I haven't had the time to work out the kinks left, as it's functional enough. A trend
?
YLSP wrote:
Yeah, they've been running on their brands, the franchise they bought into, not on their own merits or personalities. In the old days, pols used to actually ask people for their votes personally -- when I lived in San Francisco, there was still one supe (Quentin Kopp, a real character) who'd haunt the bus stops at 7 in the morning and chat up commuters.
But what happens when people stop trusting the franchise? What's a McDonald's franchise owner/politician to do when the public finds out that the hamburger patties/policy supplied by the mother corporation/national party are made of dog meat/fraud? He'd better have what it takes to convince people to patronize him on his own.
dryfly wrote:
If the roof is properly ventilated and you aren't heating, ice dams shouldn't be an issue.
rosethorn
So did mine yesteday! I knew it. It is the start! Summon the militia!
It grows right outside my back door, and it sure is pretty in full bloom...
I too have heard all the stories, none of them any good.
The Chumash were devotees to it, and their cave paintings are really trippy, way different from other indians, and they used different colors~
One of their best efforts, is just 20 minutes from downtown Santa Barbara, on Painted Cave Rd.
http://www.sbnature.org/research/anthro/chumash/image/pcredux.jpg
rosethorn wrote:
We have noticed that Windows machines frequently have mysterious problems the day after Patch Tuesday in many months. Outlook users are usually the most affected.
Dodd Opposes Fed Audit
No, no," Dodd said firmly of the audit requirement. "It's not in the Senate bill."
Asked if he wanted it in, he was just as emphatic.
"I don't. No," said Dodd.
sm_landlord wrote:
Glad to know we're not alone. My personal solution is to run Gentoo linux, which never quite works properly, so there is only a continuous state of minor brokenness combined with relative stability of the core system.
We have noticed that Windows machines frequently have mysterious problems the day after Patch Tuesday in many months. Outlook user are usually the most affected.
Barney wants to kill, or something:
US Rep Frank: Fannie Mae, Freddie Mac Should Be Eliminated
Fannie, Freddie Cannot Exist in Current Form: Frank - CNBC
August 5th 1979 Volcker was promoted from NY FRB President to FR Chairman
August 14th 1979 They had an FOMC meeting http://www.federalreserve.gov/monetarypolicy/files/FOMC19790814meeting.pdf
they talk a lot about how to mark the values, underwater, etc
Just in case there are still people who never believed me when I said he was brought in specifically to handle the Latin America Debt Crisis. FairEconomist's comparison of Volcker's reform to the healthcare reform was a great analogy. He'll bring bank reform, from a banker's perspective. Which essentially means putting the shadow banking sector (incl. hedge funds) formally under the thumb of the big banks. Volcker would have rescued the TBTF banks, he cannot even consider the alternative. Just felt like I should bring this stuff up so that if/when Volcker does get to play his music, that people don't have their hopes which they projected on to Volcker, crushed.
If you want to see where bank reform is heading, pay attention to Rodgin Cohen if/when he makes another media appearance.
edit: granted I haven't gone through the old minutes yet, and I actually made a mistake... the under water audit was of the FR's own accounts... and they did spend more time talking about inflation expectations than underwater banks, granted they never discuss insolvent banks directly in monetary policy meetings. but they spent a lot of time on keeping Mexico afloat with a larger swap line, and the projected recession in the US
I wonder if the taggers have ruined that painting? I pray not...Need to check that out...thnks jd.. I found some great arrowheads walking a year around creek above Paso Robles by Ray Crocs ranch..Chumash were good fishermen too...they say they canoed out to channel islands..that is one scary channel to be caught in bad wind change.....they had some cahones...
Lobbyist Ben Dover wrote:
It is in ag sector and also in ag serivces & support. Incomes are low in those businesses but like that's new? Its been that way since the dust bowl.
I cover the states from Oklahoma to the Canadian border - people are working out here in pretty decent numbers but aren't making a lot of money - but they never did out there - not in the 70s or 80s [a disaster out there - farm crisis]... nor 90s nor 00's. There were a few years when corn went $6, wheat went to $10 and beans went to [what] $15... that it was booming both in jobs and income. Now its just jobs.
FWIW - that is a mirror of what we are likely to see across the whole country - either high incomes & high unemployment OR low incomes low unemployment.
Juvenal Delinquent wrote:
It's beautiful.
Damn, I know what'll solve unemployment!
Why be forced to commute to a cube, when a cube can be brought to you!
http://www.officepod.co.uk/corporates/gallery/#../../images/content/gallery/07.jpg
I sure hope this is a joke, but it's pretty awesome.
bearly wrote:
Still HOPEing for CHANGE.
Safe Haven | NO, the Banks Have Not Paid Back Their Bailout from the Government
As for me. I support our President's anti
positions.
I missed this before:
The Obama administration has said it plans to release a proposal for what to do with the firms [FNM, FRE] later this year.
YLSP wrote:
Choice
Cinco-X wrote:
Agree ...
Nope, that's the way it is. There's an iron fence, with just a slot to look at it, about 20 feet away from the artwork.
A friend's hobby is searching for these sites, and there are around 150 known, and he's been to nearly 100 of them, scattered in the back of beyond, hither and yon.
Mike in Long Island wrote:
It's easy to stop trash pickup from vacant lots and neighborhoods, not so easy with sewer and water service. Leaks are a big issue in many cities, not to mention the breaks.
dryfly wrote:
FWIW - that is a mirror of what we are likely to see across the whole country - either high incomes & high unemployment OR low incomes low unemployment.
Except for banking... it will be low incomes and high unemployment for the rank and file in FIRE, and an ever-increasing concentration of power at the top. Oversight will slowly take out the profit but it will be a long slide. Banking is not alone, either, it will be joined by the rank and file in law and health care.
CNBC has picked up the "Ben's job looks wobbly" meme from BI:
Market News: US Economy (Dow Jones, S&P 500, NASDAQ), World Economy, Key Commodities and More - CNBC.com
scone wrote:
Reading between the lines, government lending just like with student loans
Fair Economist wrote:
Actually, it depends on a lot of things including the manner of construction, and is even a real issue here in the NE or conversely the NW; see the moldy condos of Vancouver. South Alabama is in an area where they often recommend no vapor barrier, and thus the houses built that way can breath better.
Cinco-X wrote:
My house was built in the 50's, up here in Ottawa, and breaths wonderfully during the summer. Which makes for eye-popping utility bills in the winter.
But no mold.
We have had at least three water main breaks in as many weeks here in Columbia, SC.
Terry wrote:
I had heard CAT was being hammered, and with the construction industry the way it is, I hope they can hold out-
I suppose you'd be shocked to hear that most of the water pipes around here are over 60 years old.
EvilHenryPaulson wrote:
Don't misunderstand, I like the guy, but he's not Moses. The threat of Volcker is great, though, it has an anti-bubbleizing effect that's good in itself. A chilling effect on the
is even more efficient than new rules would be. And look what happened to Treasuries-- at the first sign of fear, the lemmings ran for cover. There's an eye opener for the gold bugs.
Juvenal Delinquent wrote:
What is it the Indians said about that?
Have a little, go to sleep,
Have some more, have a dream,
Have some more, don't wake up-
Looks like a correction coming in the REITs:
Chart of the Day - REITs break below support
scone wrote:
Yes. Investors will crowd treasuries as the default response for quite some time yet. Heaven help us on a day they all try to crowd through the golden gate at the same time, for it would truly mean the end of the world.
here too, badger.
Comrade Misean is Dope wrote:
There are plenty of businesses started by ill prepared people (if not just stupid) that skew the business failures numbers.
Hard work usually pays off eventually, but sheer dumb luck runs both ways. I see businesses that are nearly inaccessible by road construction now, and think what a horrible time for that to happen. A few years ago might have been on ok hit to take, now might be the straw that broke the camels back. Not sure somebody can be hard working and smart enough to get around issues like that.
dryfly
Most of the AG community doesn't rock the UE numbers as most farms don't employee many people. The support business and processing does. The business community that supplies most of the UE numbers are very weak at best. Several manufacturing have shut down or moved to China. Omaha and Lincoln are as Terry states more vulnerable to national fall out. To say NE is booming, no lots of trouble coming. Recently talked with a few ranchers farmers and farm equipment salesman. Salesman covers a few starts and complained his sales were down over 60%. Farmers and ranchers said land is still going up in price as outside big dollars are being parked in land. The new reset will be low wages for most and high unemployment. lots of jobs not coming back. Sucks all around.
badger wrote:
I'm pretty sure all of the water pipes and natural gas lines are 2 feet under the surface in Ottawa, given the horrid frost heaves and the effect it has on roads during cold snaps. I'm going to tear the suspension out of my car just going to and from work.
noob goldberg wrote:
Ya', but in that part of the South, they actually recommend it that way. In FL, the vapor barrier is on the outside and in the North it's on the inside, but South Alabama is in that middle region where neither approach is right-
badger wrote:
There was an article that claimed one city still had wooden pipes, but I believe it was sewer and not water.
Barbra Boxer Issues Statement Opposing Bernanke
Bernanke's confirmation for a second term looks dead.
California Senator Barbara Boxer has issued a statement opposing the confirmation of Fed chairman Ben Bernanke to a second term. This could be the nail that ends it for Bernanke.
Opposition To Bernanke Growing In Wake Of Mass. Vote
" Disclosure....no I do not read Huff.....just posting the link "
badger wrote:
In some areas around here, they're over a hundred years old, and believe it or not, made out of hollowed out trees; they work fine until the dry out....
shill<
Admit it, you want to read Huff.
Go ahead.
What could go wrong?
The Big Picture » Blog Archive » Bernanke: The Arsonist Who Put Out His Own Fire
shill wrote:
(Mental note: shill has been huffing again)
Lobbyist Ben Dover wrote:
Is farm employment even included in the UE numbers?
shill wrote:
It would feel pretty ironic to me if Bernanke gets dumped, but Geithner and Summers keep their jobs.
Cinco-X wrote:
Seconded. Don't they usually refer to non-farm payrolls?
May 5, 1933
Strong likelihood Obama gone in 2012 unless he's cleans house of his
infested economic team 
but the recession is over!
Cinco-X
I don't think they are but I wish they were it would make a more complete and clear picture. The support and processing does.
Lol.....Huff
" Cough "
"Strong likelihood Obama gone in 2012 unless he's cleans house of his Vampire Squid from Hell infested economic team Big smile"
Only to return as the next president's economic team...... if O didn't win in '08 we would still have Geithner, Summer's et al.
Doesn't change a thing IMO.
Ciao
MS
The notion that the personality of the person who heads the FED makes any difference at all - astounds me. It's a monopoly not a personality cult - hello ?
noob goldberg wrote:
As long as legions of squids need McMansions in the Hamptons and Connecticut, or even apartments in Sydney, they'll use the bond as a convenient money laundering device, day in and day out.
Home Economics: The 'American Dream' Is a "Scam", James Altucher Says
Hey, my screens just flashed all
That little guy is tough. And he seems to like what I'm holding.
More from Krazy Karl:
Bernanke: Pound Your Senators NOW! - The Market Ticker
"but the recession is over! "
It was all mental anyways. Positive thinking will save the day!!
I just read an old econ textbook and here's the equation for solving a mental recesion
sm_landlord wrote:
In fairness to Summers- while he might be one of the architects he wasn't around when the worst of the crap happened. IMO the order of culpability - Greenspan, Bernanke, Geithner Summers