East Coast Economic Update: January 9, 2010!
Thank Gd for the discouraged worker. For whose failure to look for work make it possible to keep the Unemployment rate at 10%. Your Government Thanks you: www.businessweek.com www.ft.com Credit Cards are being paid off at a record rate: www.thestreet.com … “Discouraged Workers” “Credit Cards”
Tags: credit cards, Discouraged Workers
January 10th, 2010 at 10:01 am
Hey what happened to your old channel?
January 10th, 2010 at 10:01 am
Sorry, bud. Been made in china for close to 20 years now.
January 10th, 2010 at 10:01 am
Sir(and yes I will call you sir from now on as you are a former NCO)how’s about Levi Strauss you gotta tell me the still makes their jeans in America?Chaps Ralph Lauren you can’t get more American than that?(let me konw)
January 10th, 2010 at 10:01 am
Consumer borrowing is down to the lowest level in 7 decades. I have the link on my latest video. This was in NOVEMBER, when people are gearing up to buy Christmas presents.
The pieces are being lined up for checkmate.
Wigwams are nice socks, I bought some for my 5 kids, wife and myself. Yikes, they are expensive though.
(Btw, this is your Eastern Orthodox / Messianic “buddy” new name, new channel. Just could not stay silent anymore)
Take care.
January 10th, 2010 at 10:01 am
Thanks KK, you are still weak from being sick. Raw food + superfoods.
Posted a vid response (indirect)
Take care.
January 10th, 2010 at 10:01 am
I have seen this so many times! Only the soundtrack changes.
January 10th, 2010 at 10:01 am
Well, on a street level, that is a good way to get your butt kicked.
January 10th, 2010 at 10:01 am
Australia has one of(if not the highest?)the highest per capita amounts of personal debt in the world,when the China bubble pops(which is like Dubai times a 1000)our resource sales will flop with our economy,risk aversion will set back in,and the dollar/treasuries will probably soar again. There’s so much US denominated debt to default or deleverage, which will slash the amount of US dollars in a big way,making any US dollars remaining fly above any other currency imo,at least for a while?
January 10th, 2010 at 10:01 am
But if most of US debt is held by foreign investors, then isn’t the US benefiting from swapping paper for real things?, I mean if I give you a tv in exchange for US dollars and the US defaults on treasuries and the US currency collapses then havn’t you won? or if I lend you money, and you buy something real with it, and you pay me back in inflated currency(rather than default) or not at all, then havn’t you won?
January 10th, 2010 at 10:01 am
I like your videos. Please continue to rant. Someone has to…
January 10th, 2010 at 10:01 am
Thank you. Your righteous indignation is called for. I appreciate the way you calmly, yet passionately speak the truth.
Shalom
January 10th, 2010 at 10:01 am
Thank you John… I appreciate your clarity and feel your frustration. Almost a year ago now you and few others woke me up; I owe you much and do my best to pay it forward. I feel now, those that are not awake, do not want to be disturbed from their slumber and they have that right. Namaste my friend.
January 10th, 2010 at 10:01 am
I wonder where jobs sit on the export list.
January 10th, 2010 at 10:01 am
sadly agree
January 10th, 2010 at 10:01 am
I’ve been awake for years and am still amazed at what is happening to our country…
January 10th, 2010 at 10:01 am
There alot of people that have no clue how much debt we are in John. Right here in my town in North Carolina. They think everything is just fine.
January 10th, 2010 at 10:01 am
Our papers say UI up, UI down, one or two days apart. SO much bologna.
January 10th, 2010 at 10:01 am
People live in fantasy world. It’s truly astonishing.
January 10th, 2010 at 10:01 am
It hit me yesterday, how bad the unemployment and underemployment situation really is. I had to make a video about it. Links and text in the sidebar.
watch?v=vrsY02HZFiY
January 10th, 2010 at 10:01 am
You’re right about the discouraged workers. It is sad.
January 10th, 2010 at 10:01 am
how can i get a pair of those socks
January 10th, 2010 at 10:01 am
The US also manufactures weapons.
January 10th, 2010 at 10:01 am
messed up hair?? witch one, the one on the right or the one on the left >?? just kidding, love ya
January 10th, 2010 at 10:01 am
go to shadowstatsdotcom for the info
January 10th, 2010 at 10:01 am
It’s still rising!