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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (61251)	5/17/2006 4:39:14 PM
From: ild	Read Replies (1) \| Respond to of 110194

FOMC Faces A Tough Call northerntrust.com

To: russwinter who wrote (61251)	5/17/2006 5:24:07 PM
From: Wyätt Gwyön	Read Replies (3) \| Respond to of 110194

nd since realtors bypassed manufacturing workers in numbers a long time ago, rocket science shouldn't be required to connect these dots in the midst of a home sales slowdown. if i read that BLS chart correctly, there are now about 1.44 million RE workers vs. 14.25 million manufacturing workers, so there are still nearly 10x the number of people in mfg. is this correct? if you think about it, it doesn't make sense that we would have 15 million RE agents--even in the housing bubble--that would be a ridiculous 5% of the general population and more than 10% of the working population (i think only the most ridiculous parts of the country like Clownifornia saw as much as 2% of the working population turning into realtors). OTOH, i doubt the BLS' RE figures include construction--that may be part of manufacturing, or maybe it's another category. in any case, if you count construction workers and mortgage finance then a lot of jobs are going to be lost. i'm feeling good about my Alpo futures... still, i think the worst pain is going to be financial (from the "wealth" loss), and the job losses will just be a wafer thin mint contributing to the general pukeage.