Comments on: The Rise of Part Time Employment: Behind Door #1 is Japan. Behind Door #2 is the 1930s: 10 Charts Examining the Past, Present, and Future: Is our Economy Going to face a Japan Lost Decade or Great Depression 2? http://www.doctorhousingbubble.com/finance-economy-part-time-employment-government-spending-investing-history-japan-and-united-states/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 09 Feb 2012 06:16:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Sabin Figaro http://www.doctorhousingbubble.com/finance-economy-part-time-employment-government-spending-investing-history-japan-and-united-states/#comment-32749 Sabin Figaro Thu, 12 Feb 2009 01:33:48 +0000 http://www.doctorhousingbubble.com/?p=1384#comment-32749 @DAve I hear you. We're getting uncomfortably numb. The damage is so vast and so leveraged. And it's not like the jig is up and everyone's going straight. They're still scheming and scamming...It's been such a mess for so long these guys might not even know any other way. They're not only unapologetic, they argue about how they are justified in their absurd thinking. @?? that was scary about the Sept. 15--end of the world economy hours away??? @prose from Rose always appreciated... @ West LA crashing--called that one too Doc. Perhaps there is a surprise on the positive side coming. Were due... @DAve

I hear you. We’re getting uncomfortably numb. The damage is so vast and so leveraged. And it’s not like the jig is up and everyone’s going straight. They’re still scheming and scamming…It’s been such a mess for so long these guys might not even know any other way. They’re not only unapologetic, they argue about how they are justified in their absurd thinking.

@?? that was scary about the Sept. 15–end of the world economy hours away???

@prose from Rose always appreciated…

@ West LA crashing–called that one too Doc.

Perhaps there is a surprise on the positive side coming. Were due…

]]> By: js http://www.doctorhousingbubble.com/finance-economy-part-time-employment-government-spending-investing-history-japan-and-united-states/#comment-32743 js Wed, 11 Feb 2009 23:59:10 +0000 http://www.doctorhousingbubble.com/?p=1384#comment-32743 Sabin: yea the thought has occurred that they'll employ us all in "national service" after we lose our jobs. And it will be for a pittance. Or at least that's what they'll do to the young. Maybe they'll let us old fogies keep our jobs as we know nothing else. Sabin: yea the thought has occurred that they’ll employ us all in “national service” after we lose our jobs. And it will be for a pittance. Or at least that’s what they’ll do to the young. Maybe they’ll let us old fogies keep our jobs as we know nothing else.

]]> By: DAve http://www.doctorhousingbubble.com/finance-economy-part-time-employment-government-spending-investing-history-japan-and-united-states/#comment-32727 DAve Wed, 11 Feb 2009 20:32:02 +0000 http://www.doctorhousingbubble.com/?p=1384#comment-32727 Thanks Chuck- y ou're right they want it to go straight to the WH but thanks for the clarification- Man this thread seems awfully quiet but speaking for myself all the news these days coming out of DC is SO bad it's hard not to be way overwhelmed- that's part of the plan of course- but man it used to be sorta fun being on top of what's really going on in the economy now it's just gut-wrenchingly sad and hard to watch- Thanks Chuck- y ou’re right they want it to go straight to the WH but thanks for the clarification-

Man this thread seems awfully quiet but speaking for myself all the news these days coming out of DC is SO bad it’s hard not to be way overwhelmed- that’s part of the plan of course- but man it used to be sorta fun being on top of what’s really going on in the economy now it’s just gut-wrenchingly sad and hard to watch-

]]> By: compass rose http://www.doctorhousingbubble.com/finance-economy-part-time-employment-government-spending-investing-history-japan-and-united-states/#comment-32724 compass rose Wed, 11 Feb 2009 20:09:22 +0000 http://www.doctorhousingbubble.com/?p=1384#comment-32724 Rick, see these links for information on how unemployment was constructed in the 1930s. The first is today on Seeking Alpha: http://seekingalpha.com/article/119862-1930s-unemployment-vs-today-it-s-about-people-not-percentages http://www.reuters.com/article/GCA-Economy/idUSTRE5077TM20090109 http://mediamatters.org/items/200812030014 ~ DHB nails it like Colbert, only for real. ~ Sabin, I've heard people propose using prisoners to grow the nation's food for free. How about that? I point out that the prison population in this nation is heavily African-American, and that we tried black slavery to underpin an agricultural economy in the past, and anyone proposing a return to that better get out of my county. ~ I'm numb today--with drinking from the news hydrant as Doc puts it--that this is all I have to offer: ~ Men walkin' 'long the railroad tracks Goin' someplace there's no goin' back Highway patrol choppers comin' up over the ridge Hot soup on a campfire under the bridge Shelter line stretchin' round the corner Welcome to the new world order Families sleepin' in their cars in the southwest No home no job no peace no rest ~ The highway is alive tonight But nobody's kiddin' nobody about where it goes I'm sittin' down here in the campfire light Searchin' for the ghost of Tom Joad ~ rose ~ PS--Hi, Mish too. Interesting piece on wealth cycles/K-cycles today. Gang, when done here, trot over to read the piece "Wealth does not pass three generations." That's monetary wealth, of course, though we're rapidly applying it to other forms as well. What Mish overlooks is that the vast majority of people are locked out of wealth generation, period. And as DHB constantly points out, bubbles are no substitute for real, sustainable wealth. ~ But then I'm not having conniptions like others my age; I never expected to be anything but a worker till I dropped in harness. My parents were abysmally poor thanks to the wealth destruction cycle called "deindustrialization." I can count on one hand the years I had to work horrible, physically punishing jobs as they did to survive in their younger years. That I consider a form of wealth no one can take away. ~ This stuff has been going on forever, it's just that occasionally, it bites the asses of people who, till that moment, have been able to ignore it. I.e., those who were at the apex of the wealth-concentration pyramid for cyclical, rather than personal, reasons. Rick, see these links for information on how unemployment was constructed in the 1930s. The first is today on Seeking Alpha:
http://seekingalpha.com/article/119862-1930s-unemployment-vs-today-it-s-about-people-not-percentages
http://www.reuters.com/article/GCA-Economy/idUSTRE5077TM20090109
http://mediamatters.org/items/200812030014
~
DHB nails it like Colbert, only for real.
~
Sabin, I’ve heard people propose using prisoners to grow the nation’s food for free. How about that? I point out that the prison population in this nation is heavily African-American, and that we tried black slavery to underpin an agricultural economy in the past, and anyone proposing a return to that better get out of my county.
~
I’m numb today–with drinking from the news hydrant as Doc puts it–that this is all I have to offer:
~
Men walkin’ ‘long the railroad tracks
Goin’ someplace there’s no goin’ back
Highway patrol choppers comin’ up over the ridge
Hot soup on a campfire under the bridge
Shelter line stretchin’ round the corner
Welcome to the new world order
Families sleepin’ in their cars in the southwest
No home no job no peace no rest
~
The highway is alive tonight
But nobody’s kiddin’ nobody about where it goes
I’m sittin’ down here in the campfire light
Searchin’ for the ghost of Tom Joad
~
rose
~
PS–Hi, Mish too. Interesting piece on wealth cycles/K-cycles today. Gang, when done here, trot over to read the piece “Wealth does not pass three generations.” That’s monetary wealth, of course, though we’re rapidly applying it to other forms as well. What Mish overlooks is that the vast majority of people are locked out of wealth generation, period. And as DHB constantly points out, bubbles are no substitute for real, sustainable wealth.
~
But then I’m not having conniptions like others my age; I never expected to be anything but a worker till I dropped in harness. My parents were abysmally poor thanks to the wealth destruction cycle called “deindustrialization.” I can count on one hand the years I had to work horrible, physically punishing jobs as they did to survive in their younger years. That I consider a form of wealth no one can take away.
~
This stuff has been going on forever, it’s just that occasionally, it bites the asses of people who, till that moment, have been able to ignore it. I.e., those who were at the apex of the wealth-concentration pyramid for cyclical, rather than personal, reasons.

]]> By: Honneker http://www.doctorhousingbubble.com/finance-economy-part-time-employment-government-spending-investing-history-japan-and-united-states/#comment-32709 Honneker Wed, 11 Feb 2009 13:57:48 +0000 http://www.doctorhousingbubble.com/?p=1384#comment-32709 The massive employment of illegal aliens in the residential construction industry helped mask the early parts of the economic downturn. When housing construction started to decrease, the unemployment numbers did not show an increase as they normally would have. The illegal aliens were the first ones told to not show up for work any more (the closest they came to a formal "lay-off") and, rather than apply for unemployment or other benefits, for the most part faded into the shadows or went home. If the residential construction workforce were still mostly native-born, the unemployment rate would have shot up sooner. The illegals served as a disposable workforce and cushioned what could have been an even more severe blow to the US economy. It was only when the job losses started to spread beyond residential construction that the job loss numbers started to move up. The massive employment of illegal aliens in the residential construction industry helped mask the early parts of the economic downturn. When housing construction started to decrease, the unemployment numbers did not show an increase as they normally would have. The illegal aliens were the first ones told to not show up for work any more (the closest they came to a formal “lay-off”) and, rather than apply for unemployment or other benefits, for the most part faded into the shadows or went home. If the residential construction workforce were still mostly native-born, the unemployment rate would have shot up sooner. The illegals served as a disposable workforce and cushioned what could have been an even more severe blow to the US economy. It was only when the job losses started to spread beyond residential construction that the job loss numbers started to move up.

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