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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (71054)	2/15/2011 7:31:10 PM
From: TobagoJack	Read Replies (1) \| Respond to of 218673

another point, the china cpi was actually biased upward by the most recent adjustment of increase in weight of rent and decrease to weight of food, which means the cpi was worse than if it was left un-rebalanced. just in in-tray From: H Sent: Wed, February 16, 2011 3:05:23 AM Subject: Re: The Foreclosure Report some comments from an old friend (who writes the Imperialeconomics blog): Some interesting (and sobering) facts to ponder: US mfg. employment is at a level it was prior to WW II. US private, full-time employment is at the levels of '96-'97, and at the levels of the early '90s less "health care" and "education" employment. US industrial production is back to the levels of '98-'99. Less war-related production, industrial production is at the levels of the early to mid-'90s. The typical 25 year-old male today earns less than 75% of his generational predecessor in '70-'74 after CPI, and just 60% after CPI, higher payroll taxes, and debt service (primarily associated with higher housing costs). Unemployment for white males age 45 and older is the highest on record going back to 1939, as is long-term unemployment for this cohort. Unemployment for those age 16-24 is 25%, and near 50% unemployment and underemployment (including those who have left the labor force altogether or have returned to school). The US debt held by the public per capita is $31,000, approximately the avg. annual hourly earnings of the typical US worker. Total US public debt outstanding per capita is nearly $48,000, which is the median US household income. Total public and private debt outstanding per capita is now nearly $170,000, which is the median household income of the 2-3% of US households below the top 1-2%. Total local, state, and federal gov't spending, including personal transfers, now equals total private wages and salaries. US "health care" spending is now equivalent to 25% of private GDP and 40% of private wages. We have reached the limit bound of growth of gov't (including "education"), "health care", debt, and oil consumption/private GDP, making it virtually impossible for the US private sector to grow; therefore, these sectors must contract with all of the predictable discomfort, insecurity, fear, anger, retribution, and social and political instability resulting.