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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.
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.
Reminds me of Enron.
