The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Giordano Bruno who wrote (242984)	4/3/2010 12:04:11 PM
From: Perspective	Read Replies (1) of 306849

<The average duration of unemployment rose to 31.2 weeks in March, while the broadest unemployment gauge, including those working part-time for economic reasons, rose to 16.9%. In addition, wages remain under pressure. The average hourly earnings of all workers fell two cents to $22.47 in March, the biggest drop so far in the series' four-year history.> But - but - but - the media were all chirping about springtime in the employment report. Unemployment extending longer, full-time employed still dropping, wages dropping - oh I guess we're all going to transition to part-time leisure lifestyles. <S> Sounds terribly inflationary to me. Also sounds like it should be helpful in keeping debt service flowing. Oh wait - I got that backwards, didn't I? It's DEflationary, and makes it HARDER to pay the bills. What I want to know is: when does our top 1% overseeing the demise of our economy on Wall Street get to join the party? Actually, I don't even need to know when - I just need to know how I can tell when it is happening. `BC

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