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

To: Jim McMannis who wrote (107820)	2/3/2010 3:23:07 PM
From: mishedlo	5 Recommendations Read Replies (3) \| Respond to of 116555

824,000 Will Disappear On February 5; BLS Admits Flawed Model But Plans No Changes globaleconomicanalysis.blogspot.com On Friday, expect to see the BLS revise job creation estimates down by a whopping 824,000 jobs. The culprit, as I have been harping on for a couple years is a birth-death model far out of sync with reality. Bloomberg has some nice interactive charts in an article Birth Death Model Insights. ... Mish

To: Jim McMannis who wrote (107820)	2/3/2010 5:26:49 PM
From: Hawkmoon	2 Recommendations Read Replies (2) \| Respond to of 116555

If you did that you'd have to throw the illegals out (plus some legals) because we'd need the jobs. Actually that already happened once in USA history. Well, if we fully adopt the Austrian model, it's apparent that labor costs should be what the market can bear. So it makes sense, while Mish is in this union busting mode, that we drive corporate labor costs down even more by deregulating immigration and let anyone come to the US who can find a job. And since Mish believes that cutting military spending by 85% will reduce war, maybe the same logic will work if we reduce police and firefighting budgets by 85%, we'll see corresponding decreases in serious crimes and fires. It seems the economically "rational" thing to do.. ;0) Hawk