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Fantastic article. This part was especially excellent (and consistent with the 18% real U.S. unemployment rate credible economists have been emphasizing): The shocker last week was not just that the US lost 467,000 jobs in May, but also that time worked fell 6.9pc from a year earlier...

http://www.latimes.com/business/la-fi-china-old6-2009jul06,0,6977821.story WORLD ECONOMY China's elderly will overwhelm the nation Cao Jun / For The Times The retirement center at 2 Ruijin Road in Shanghai is often filled to capacity. When it opened 15 years ago, though, the idea of...

G'day. mate. http://www.bloomberg.com/apps/news?pid=20601109&sid=aJkiwWwwe3cY

There is going to be a tax revolt in this country. It's already begun, and any local official who thinks the anger will subside has it backwards. What pisses me off is that we plan on sending our children to a private school, yet we still have to pay incredibly high property taxes (which are...

http://www.nytimes.com/2009/07/05/business/economy/05appeals.html?_r=1&hp

This Palin character is one stupid bitch. The GOP had better sabotage her lest they be sunk by her. She is an unmitigated disaster on every level and at every aspect.

Tice was generally right calling the crash in 08. He's made other calls that didn't turn out, but they were much, much more specific. I think he's on the right page with his macro beliefs, as he sees a cancerous trend with absolute evisceration on the jobs front. Remember, we were...

I mean this literally: The only thing that has prevented a full out depression so far is the expectations that the Obama Admin planted in January with the talk of the great good the stim package was going to do. Once the masses come to grips with the fact we are worse off now than before the...

I disagree with Krugman as much as humanly possible about the need/desirability of more stimulus (aka inefficient gov't spending and insane debt loads), but he makes some other well-reasoned points in this piece, IMO. http://www.nytimes.com/2009/07/03/opinion/03krugman.html?_r=1 That...

If I'm recalling their bullshit correctly, I do believe you're absolutely correct - 8.5%. I forgot who it was, and I really should know, because they have general credibility, but a renowned economist has stated the true rate of unemployment in the United States is currently 18.3%. I will...

18 to 40 year olds are going to get the shaft. In prison parlance, from what I understand, it's called "having one's shit pushed in." Not pleasant sounding.

That's a fantastic chart. Thanks. It helps put the raw numbers into perspective when I see it charted like this - I know that's elementary, but I think it has to do with how the human brain (or at least mine) works.

I hate that bitch very much. She is extremely coarse in all her mannerisms.

I actually am in full agreement, so I really don't take exception to that. I think things are so much worse than 98% of the population does, but I don't think I'm pessimistic. I think I'm a realist. I've been telling people this is not a business cycle recession; we are undergoing a macro...

Tice Sees U.S. Depression, Says Jobless Rate May Top 15% July 2 (Bloomberg) -- David Tice, chief portfolio strategist at Federated Investors, talks with Bloomberg's Matt Miller and Kathleen Hays about the outlook for the U.S. economy...

http://www.ft.com/cms/s/0/1e06911c-6719-11de-925f-00144feabdc0.html?nclick_check=1 American jobs data are worse than we think By Mohamed El-Erian Published: July 2 2009 16:16 | Last updated: July 2 2009 16:16 What if the US unemployment rate rises above 10 per cent and stays there...

Dennis Kneale approves.

Screw the 2 party system. They're killing this country. I'm being quite serious. New parties; Libertarians front and center. No cash accepted to fund campaigns, period. Despite what the SCOTUS has rules regarding the constitution and freedom of funding politics, structure a way to...

Turdball the ultimate fade is a phenom... ...a phenom, I tell ya'.

If you're ever in town, drinks are on me. You know the score.