Posted on 05/05/2008 5:43:20 PM PDT by Lorianne
Look who's emerged from his Y2K bunker!
At least this character is reliably good for a few laughs....
Wow, Kunstler makes all this sound really, really series ...
That would suggest that you either don't read very much or the manner you value reading material is 'innovative'. I gave up on him when he got into the service economy.
Truck driving is a service job. So is accountanting, engineering, architecture, industrial design, network administration, etc.
When these occupations are employed by a manufacturer — they are counted as doing manufacturing jobs. When the jobs are outsourced — to specialty companies, private contractors, etc. — they count as service jobs. A lot of the apparent shift to “services” was just a statistical sleight-of-hand.
Same goes, in spades, for service jobs connected to global companies — where the high-end jobs are in the U.S. & the shop floor jobs are in low-wage countries. This has been a huge benefit to the U.S. & it is nothing at all like “taking in each other's laundry”.
And your explanation for why the FED is buying up stuff they normally refuse to touch with a barge pole is?
ping
He is wrong about the emerging risk bubble, actually. The emerging bubble is the commodities bubble.
I forget, did you ever realize that new loans increase M2 and MZM?
He’s been so consistently wrong about everything, that I’ll be gob-smacked when the “stopped clock” effect kicks in (as it always does) and he’ll be right about something.
Beyond that, I can’t predict the future. Bubbles always burst, but knowing when is the part that seems to elude everyone.
Nothing to see here folks, despite Volker's warnings. Just move along now like good little sheeple.
If you were a shareholder of BSC or a recent purchaser of real estate in California you might point to the missing purple one at the top “Sky Fell.”
I’m not totally against all cussing but it dawned on me while reading this; cuss words make you seem less believable.
Seemed like I was listening to the drunk at the end of the bar. He could be right, but who pays any attention?
If they were dumb enough to invest in hyperinflated CA real estate, I'm sure they would.
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