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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (92459)	1/9/2009 11:25:52 AM
From: ajtj99	Respond to of 116555

Adjusting for population growth the employment numbers are about 1.5% lower than the 2006 levels, which would probably take them back to early 2005 levels. Subtract out the illegal alien employment losses and we're likely down to 2003 levels.

To: mishedlo who wrote (92459)	1/9/2009 11:33:18 AM
From: Oblomov	Read Replies (1) \| Respond to of 116555

Mish, by your definition, we were in a depression in the early 80s. Are you comfortable with that assertion?

To: mishedlo who wrote (92459)	1/9/2009 11:36:07 AM
From: ajtj99	Respond to of 116555

Looks like LEN option activity is to this year what MER and LEH were to last year: finance.yahoo.com

To: mishedlo who wrote (92459)	1/9/2009 2:28:58 PM
From: Sunny Jim	Read Replies (1) \| Respond to of 116555

<<When the U-6 unemployment rate rises above 12.5 in conjunction with a stock market that is down close to 50%, the CPI is negative, and nominal wages are stagnant, it's an economic depression.>> When people compare today to the Great Depression, you continually hear that, "this is different". I would agree, and like you I think we need a definition that is different. Your's look logical and I think it is safe to conclude that we have entered a depression. I can remember a year ago in December when you could look at autos, housing, state governments, retail, etc. and conclude that each one was in recession, so therefore, we were in a recession. And a year later the government comes out and declares that we entered a recession at the end of 2007. Would you like to bet that about this time next year, they come out and declare that we entered a depression in January, 2009?

To: mishedlo who wrote (92459)	1/9/2009 10:27:13 PM
From: roguedolphin	3 Recommendations Respond to of 116555

Will Defense Run the “Real” Stimulus Package? Catherine and News & Commentary, January 9, 2009 at 12:01 am solari.com Rogue comment....WAR! WAR! WAR!... print money, steal money,hide money.....wash ,rinse, repeat.....let the sheeple have a few crumbs....clamp down with a totalitarian police state to any and all dissenters.* In fiscal 1999, the Department of Defense was “missing” $2.3 trillion dollars. To put that amount of money in perspective, it is approximately 3X what President-elect Obama is proposing to spend to revitalize America. In fiscal 2000, the Department of Defense was “missing” $1.1 trillion, about 1.5X what President-elect Obama wants to invest in America. So between October 1998 and September 2000, the Department of Defense was “missing” $3.3 trillion. Because the amount of money disappearing is so enormous, years ago we started a archive of articles on the “missing money” to try to keep up with the trillions sliding out of the federal accounts. From 1997 to March 2001, the Under Secretary of Defense (Comptroller) who served as the chief financial officer for the Department of Defense was William J. Lynn III. In that position, he was the chief financial officer for the Department of Defense and was the principal advisor to the Secretary and Deputy Secretary of Defense for all budgetary and fiscal matters. That means he was the person responsible to make sure no money went missing and that the Department of Defense published audited financial statements — which it failed to do in those years and every year since. When Mr. Lynn left Defense in 2001, he joined DFI International and then in 2005 became the chief lobbyist for Raytheon. He was replaced at Defense by Dov Zakheim. Today, President Elect Obama nominated William J. Lynn III as the Deputy Secretary of Defense. The press release said, “Lynn brings decades of experience and expertise in reforming government spending and making the tough choices necessary to ensure that American tax dollars are spent wisely.” Obama also nominated Robert Hale to Lynn’s former position, Under Secretary of Defense (Comptroller). From 1994 to 2001, Mr. Hale served as the Assistant Secretary of the Air Force (Financial Management and Comptroller). That means that Hale, same as Lynn, was in charge of the money when all the money disappeared. I guess the guys who got the last $3.3 trillion were pretty happy with Mr. Lynn and Mr. Hale and decided to bring them back. Which brings me to the question I keep asking, “Where is the money and how do we get it back?“