jobs and oil

[donsu]

http://www.atimes.com/atimes/Global_Economy/JB13Dj01.html


Oil crisis rush hour


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And part of that egregious mismanagement is that not only are prices rising in a terrible inflation, thanks to the damnable Federal Reserve creating so much excess money and credit, but you soon won't even have a job to pay the higher prices! Anthony Cherniawski of the Practical Investor newsletter has taken a look at the recent employment report, and notes that, surprisingly, "Omitted from the report was the CES Birth/Death Model, which normally puts a positive spin on the employment report. Not this time! According to this model, all sectors of the economy suffered losses, with the grand total 378,000 jobs lost in January." Yikes!

And while we are here, let's look at the actual employment numbers, which show that the number of people employed is 146.248 million, while last year at this time the number of employed was 145.915 million, a gain of a lousy 333,000 jobs in a year! Ha ha ha! Hell, spooky Homeland Security and all those noxious airport security people probably added that many jobs! Ha ha ha! I was right; government spending is the economy!

And the unemployed are jobless for longer periods, too, as the average duration of unemployment went up to 17.5 weeks, up 6% from the 16.5 weeks duration a year ago!

But this was not about jobs, but about the oil we need to get to our stupid jobs in our cars, radio blasting and passing slower cars driven by people who are only going the speed limit and who somehow think speed limits at rush hour are "laws" or something

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And if you want to see the form inflation took from the perspective of the Japanese, the Agora Financial's 5-Minute Forecast reports, "Japan is the world's largest holder of US Treasuries. Of the country's $973 billion in reserves, $580 billion are US bonds. That investment, versus the value of the yen, is down about 13% over the past year alone." Ha ha ha!
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is there an article somewhere on how the Japanese people feel about all that? are they nervous?

[donsu]

1. kicking before I leave for the day

nt