[Homestead] Housing bubble or froth
lurine at softcom.net
Tue Nov 7 16:14:56 EST 2006
Your social security numbers are outdated by the time they make the news.
The unemployment numbers are now rigged.
You'd have to do your figures on a 3 to 6 month lapse. Take the
unemployment numbers that are currently being given out and multiple by 1.5,
just to be extremely conservative.
We already know the housing market is going bust.
We already know that jobs are heading out faster than new Mickey D jobs can
be called manufacturing.
We already know that the DOW is not an indicator as it is in the dollars of
now, not the dollars of then. So, comparing it to 2000 is ridiculous!
I'd look at the number of new apps for welfare and Medicaid. When
unemployment runs out and folks can't get a job or all they can find is a
bunch of low paying jobs, that is where they head.
All in all, looking at the available numbers just doesn't really tell the
story because it is all a game of making the numbers say what the
politicians want them to say.
----- Original Message -----
From: "Gene GeRue" <genegerue at ruralize.com>
To: <homestead at lists.ibiblio.org>
Sent: Tuesday, November 07, 2006 11:50 AM
Subject: Re: [Homestead] Housing bubble or froth
>>So the two numbers are totally irrelavant as to the reality of what is
>>on in the work force.
> Interesting. So what numbers are relevant?
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