Archive - May 5, 2012 - Blog entry
THe GReaT ONe ANd THe SHrIMPS
Submitted by williambanzai7 on 05/05/2012 22:05 -0500A good hockey player plays where the puck is. A great hockey player plays where the puck is going to be.--Wayne Gretzky (The Great One)
Ron Paul Is Going to the Republican National Convention, and – Believe It Or Not – It’s Still Possible for Paul to Win
Submitted by George Washington on 05/05/2012 19:22 -0500Dr. Paul Could Still Win ...
Ron Paul Slugs At The Fed One More Time
Submitted by testosteronepit on 05/05/2012 13:07 -0500You just have to admire Ron Paul for his non-flip-flopping tenacity.
Treasury Fudges Numbers??
Submitted by Bruce Krasting on 05/05/2012 12:23 -0500Believe what they tell you at your risk.
Our Dying Services sector... or why jobs growth stinks
Submitted by RobertBrusca on 05/05/2012 09:03 -0500In this recovery consumer services bought/supplied have grown by 3.2 percent from their level at the end of recession as of the 33rd month of the expansion. It is the weakest performance we have seen by a long shot in the last eight recoveries that lasted this long. The previous low point at this point in the cycle was in the 2001 recovery at 6.5% before that it was the 9.2% rise in the 1990 recovery. In those comparisons you get the sense of structural change as it is in the most recent recoveries that growth has become progressively weaker. The average for this point of the expansion cycle would be an 11.4% gain in services output if we had normal service sector growth. IF we had that, we would have had 5.5 million MORE jobs even after discounting for productivity growth in the sector and the loss of goods sector jobs from that demand shift to services. That means about 165K more jobs per month than what we have had all recovery long. This not a trivial problem it is a huge problem. And no one seems to be thinking about it.
