No Problems Here

06-08-2005, 01:21 AM

Looks that birth/death job number is going to be heavy greased this summer.

Hedious accounting is just MAGIC.

Some good reads from other boards.

Greenspan Suspends Laws of Economics

Just because we see an inverted yield curve, doesn't mean we should expect a slowdown. At least that's what's going through Allan Greenspan's thinking. OK, let me put it to you this way: This means one of two possibilities: Either a) Greenspan has suspended some of the basic principals of economics or b) He can say that because the markets are so jiggered by interventions! Either way, it stinks.

The Big Whack at GM: 25,000 to get Axed

GM is trying every way it can to cut expenses, stay in business, and turn out a good product. One solution they floated at today's shareholder meeting: They are planning to lay off 25,000 people over the next three years. While this is a "biggie" today - and it doesn't do anything for the White House hype about job creation which you probably already see through - it's a natural outcome of Peak Oil - and we'll go so far as to say this will only be the tip of the iceberg.

The US is in the midst of what will turn into a horrible and gut wrenching experience for millions of people as economic laws are played out destroying pensions, wiping out whole classes of manufacturing, and causing ruin for families. All because in our view, we entered a Second Great Depression in the US when the dotcom bubble burst - and we have been putting off paying the piper by reducing debt - and so as it all unfolds now it will be 10-times (or more) worse than it would have had to be. Thank the Big Lie corporatists with their talk of free trade (without purchasing power wage parity) and the easy money gang at the Fed.

06-08-2005, 03:31 AM

DMA wrote:

The US is in the midst of what will turn into a horrible and gut wrenching experience for millions of people as economic laws are played out destroying pensions, wiping out whole classes of manufacturing, and causing ruin for families. All because in our view, we entered a Second Great Depression in the US when the dotcom bubble burst - and we have been putting off paying the piper by reducing debt - and so as it all unfolds now it will be 10-times (or more) worse than it would have had to be. Thank the Big Lie corporatists with their talk of free trade (without purchasing power wage parity) and the easy money gang at the Fed.

Did you mean "by increasing the debt"?

**Birchtree** · 06-08-2005, 03:43 AM

Greg,

I don't think he dares to answer you - he knows what might be coming. This one is no fool - he would rather play with the Mlk-man. The Technician on the other hand might try you on for size - if the stars so it's ok. Still waiting for Phil2000 to resurface- I need to know more about his thoughts on the sucker rally. See ya

Dennis

06-08-2005, 12:21 PM

greg wrote:

DMA wrote:

The US is in the midst of what will turn into a horrible and gut wrenching experience for millions of people as economic laws are played out destroying pensions, wiping out whole classes of manufacturing, and causing ruin for families. All because in our view, we entered a Second Great Depression in the US when the dotcom bubble burst - and we have been putting off paying the piper by reducing debt - and so as it all unfolds now it will be 10-times (or more) worse than it would have had to be. Thank the Big Lie corporatists with their talk of free trade (without purchasing power wage parity) and the easy money gang at the Fed.

Did you mean "by increasing the debt"?

Look at the auto makers for manufactoring current example.

Pensions - when it is shifted over to the us the taxpayer normaly folks get a fraction of what their unions agree too. Airlines are the current example (United). I believe they are getting 40% or so of their pension? It depends on your plan/zone/union very complicated to throw down a good number. But the gov has a gap on what you get. So the more you made in your working life the more you lose when your pension is put on the backs of the taxpayers.

However hard to budget in life as a 70 year old person and have 60% of your budgeted income zapped in one day for the rest of your life. Very sad. I read their boards and they are very sad.

Reminds me of Enron.

That is what that means.

Our manufactoring base is going overseas due to the bottom line cheaper labor. That 25 a hour job here is .50 in China. However that 25 an hour job we no longer get the tax revenue to pay down the deficiet.

Good question. Hope I answered it to your liking.

A dose a reality is refreshing, huh?

BTW: That was from another board that I read. It is not my comment. I just found them of interest.