Trouble Ahead: Employment, Inflation, And The Fed

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Sun, 11/06/2011 - 09:25 | 1850278 Chartist
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quite a few folks had fun buying houses with nothing down, running up credit card debt.....When the party stopped, they defaulted....I know of at least one person who defaulted on $375K of secured / unsecured debt....The big banks are going to get made whole no matter how much bitching we all do......Citigroup was the one that underwrote the 20% of the house purchase price as a secondary lein that was unsecured...>This allowed folks to buy with nothing down....You think Citi won't be made whole?  Guess again.....And it's all on the backs of people who played by the rules.

Sun, 11/06/2011 - 07:20 | 1850179 Chartist
Chartist's picture

Forget unemployment because it was unemployment by government design.  The play all along was to build a chinese middle class that would eventually become an enormous world market.

The cost was 8 million American jobs.  But it's a worldwide economy so no problem as long as those newly minted 8 million Chinese middle class folks buy the crap our 8 million out of work folks

would have purchased.

Sun, 11/06/2011 - 00:28 | 1849905 steelrules
steelrules's picture

The fastest growing population demographic in the world is young unemployed muslim men, and we all know what happened there.

US 18% unemployment rate in the 16-24 age group. 

24% if you count only the young black men. 45 million on food stamps.

Modern day bread lines at Walmart, people lined up at midnight to use their food stamps as soon as they can on milk bread diapers food.

All that's needed at this point is a match and it's KABOOM!

 

Sat, 11/05/2011 - 23:41 | 1849824 GiantVampireSqu...
GiantVampireSquid vs OWS UFC 2012's picture

Increasing liquidity does shit all for the economy, the money isn't being invested in capital.  It's staying liquid, it has no home, no purpose, nowhere to go.  The markets will gobble it up, then once they realise they've eaten too much they will spew it all back up again.  Like the time my cat caught a rabbit, ate it all except the legs, then spewed the whole lot up all over the carpet.  The whole system is full to bursting already with liquidity, thick cunts want more?

Sat, 11/05/2011 - 22:30 | 1849745 Bansters-in-my-...
Bansters-in-my- feces's picture

DOUGLASNEW...!!!!!

STOP YELLING...........

Y

YOU ARE HURTING MY EYES.

Thanks,

Sat, 11/05/2011 - 22:28 | 1849740 Bansters-in-my-...
Bansters-in-my- feces's picture

Non Federal NO reserves......

What else can I say.

That is the USA's and the worlds problem right now.

Fix that NON FED, NO Reserves thingy up,and we are good to go.

Sat, 11/05/2011 - 22:19 | 1849732 navy62802
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http://www.huffingtonpost.com/2011/11/05/unemployed-benefits-most-_n_107...

Yeah, I know this is from Huffington Post, but it still gets my point across. We have a massive number of people who have simply fallen out of the job market entirely. These people are not reflected in any of the employment numbers. If these people were included in the official unemployment numbers, we'd probalby be closer to a 15% unemployment rate ... or greater. I guess the moral of the story is if the problem isn't officially reported by the government, then it doesn't exist ... right???

Sat, 11/05/2011 - 23:46 | 1849831 GiantVampireSqu...
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If they used the same methods they did during the great depression, you'd be saying we are fucked.

Sun, 11/06/2011 - 00:39 | 1849921 navy62802
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Oh yeah, I know we're fucked. When politicians and economists try to tell me not to believe what I see with my own eyes everyday, I know they're trying to hide an enormous problem. Real inflation has skyrocketed, homeless/unemployed numbers have skyrocketed. The situation is bad and getting worse everyday. And on top of it all, the legislators just continue about their worthless business as if we're on the trajectory to success. They put out the talking points about "recovery" and the potential for a "double dip recession." Well, I have news for them (it's not really news to the rest of us), we never recovered from the first recession. Instead, out here in the real world, it is a depression and we're still in the middle of it. We are headed down a very dangerous road in the US, and Europe is right there with us.

Sat, 11/05/2011 - 22:06 | 1849712 Douglasnew
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NOT ONE MAN IN A THOUSAND WILL REALIZE THAT HE IS ACTUALLY LIVING THROUGH A COMPLETE PARADIGM SHIFT WHILE IT IS OCCURRING. ALMOST ALL GO ON THINKING IN TERMS OF WHAT HAPPENED YESTERDAY OR YESTERYEAR, EXPECTING THINGS TO CONTINUE ON IN THE OLD PREDICTABLE PATTERNS. THE HUMAN MIND IS WIRED AS SUCH. DERIVATIVES, ABUSE IN THE U.S. OF RESERVE CURRENCY STATUS, PEAK OIL, POPULATION EXPLOSION, WORLD POWER SHIFT TO THE EAST, ALL SET THE STAGE FOR THE BIG GAME CHANGERS AHEAD. AVERAGE AMERICANS WILL BE THE ONE'S TO FEEL THE MOST PAIN AS THEY WILL SUFFER THE LARGEST FALL IN STANDARD OF LIVING. NOT THE END OF THE WORLD BUT RADICALLY DIFFERENT WITH A SEVERE CHANCE OF SERIOUS CONFLICT AND CHAOS THROUGHOUT THE WORLD IN THE DECADES AHEAD. FARMING WILL BECOME A WELL RESPECTED PROFESSION ONCE AGAIN AND SIMPLER LIVING WILL BECOME THE NECESSITY. EMBRACE IT.

Sat, 11/05/2011 - 23:46 | 1849832 yabyum
yabyum's picture

Simple living check, farming double check, all caps, highlighted.....you had me at simple living;)

Sat, 11/05/2011 - 23:43 | 1849827 GiantVampireSqu...
GiantVampireSquid vs OWS UFC 2012's picture

um, you've got capslock on.

Sat, 11/05/2011 - 21:48 | 1849694 Stuck on Zero
Stuck on Zero's picture

The system is coming unglued.  Give more money to the banksters.

Sat, 11/05/2011 - 21:45 | 1849685 TheMerryPrankster
TheMerryPrankster's picture

In this ass backwards world  the only way to increase employment is too encourage early retirement to open positions for younger workers.

Look for calls by policy wonks and  economists for early  retirement bonuses and no penalties for early social security enrollment in an attempt at addressing unrest by the young and unemployed.

Sat, 11/05/2011 - 21:50 | 1849697 Stuck on Zero
Stuck on Zero's picture

Fire that old engineer.  Hire a young, punked-out product of our wonderful educational system.

Sat, 11/05/2011 - 21:11 | 1849632 bugs_
bugs_'s picture

Trouble ahead, Bernanke in Fed,
Take my advice you'd be better off dead.
Switchman's sleeping, train hundred and two is
On the wrong track and headed for you.

Sat, 11/05/2011 - 21:06 | 1849627 MFL8240
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 "Politics is politics," but the Fed's job is to "do the best we can" and pursue its mandates. "We're going to make our decisions based on what's good for the economy. We're not going to take any politics into account."

 

 

Bernanke finally found something he is good at, he should become a comedian.

Sun, 11/06/2011 - 08:54 | 1850249 StychoKiller
StychoKiller's picture

The Bernank tried printing jobs, but all that came out of the printer was:

Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs Jobs

Sat, 11/05/2011 - 21:28 | 1849664 Hohum
Hohum's picture

He is funny and he meant to say "what's good for JPMorgan Chase."

Sat, 11/05/2011 - 20:36 | 1849591 brown_hornet
brown_hornet's picture

People will only start spending when there is wage inflation.  That seems far off.

Sat, 11/05/2011 - 22:35 | 1849752 catch edge ghost
catch edge ghost's picture

Not so far as you might think. The federal minimum wage lags its long term trend line by about 40% if I did the math correctly. I will be surprised if it isn't a hot topic on the nightly news by next summer.

Sat, 11/05/2011 - 20:33 | 1849589 booboo
booboo's picture

Blue Jew loves Gutenberg

Sat, 11/05/2011 - 20:59 | 1849616 Oswald Spengler
Oswald Spengler's picture

Was Gute a Jew? 

Sat, 11/05/2011 - 20:06 | 1849548 winning
winning's picture

who is John Galt?

Sat, 11/05/2011 - 20:59 | 1849618 fnord88
fnord88's picture

a wanker?

Sat, 11/05/2011 - 17:02 | 1849224 sethstorm
sethstorm's picture

Looks like the U-3 and U-6 numbers have found their resting spot - 9.0-9.2/16.0-16.2 respectively.

I'd wonder what would happen if one adusted for the different labor participation rates, setting somewhere in 2007 as a baseline.

Sat, 11/05/2011 - 22:52 | 1849775 covert
covert's picture

for more info read from lugwig von mises.

http://expose2.wordpress.com

 

Sat, 11/05/2011 - 21:37 | 1849677 CrazyCooter
CrazyCooter's picture

It is all a lie.

Me, I am comforted by the fact the birth-death model added so many jobs ... i mean ... things were so bleak!

Lies are not full stomachs.

War or hangings ...

Regards,

Cooter

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