New data on jobs, housing signal no recovery near »
Posted By STONERS 6 months, 3 weeks ago in Business & Finance
Worse-than-expected news on unemployment and home sales Thursday dampened optimism that a broad economic recovery might be near.
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orndorffter6 months, 3 weeks ago
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Good artical STONERS, The economy is bad and we hear everyday of more layoffs it's more then just a little disappointing hearing about all the job losses and the foreclosures all over the United States, there are no jobs out there and I hear people tell me that they are going to walk away from the job they have because they dont make what they think they are worth. I just shake my head at them and tell them, "You ault to be greatfull you have a job, most people have tryed and there is non." Why should they give up their job because they dont make what they are worse? without the job they have now they well be worse off.
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FrankHummel6 months, 3 weeks ago
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Face facts, people. It genuinely SIMPLY IS NOT GOING TO BE POSSIBLE to "recover" back to what had come to be the "normal" practice of "business as usual" --- which is probably what most people have in mind when they talk about "recovery". The REAL "driving force" behind what is now happening is something FUNDAMENTALLY DIFFERENT than anything that has ever been encountered previously in the "general business experience" of anyone now living.
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The immutable fact of the matter is that this WHOLE SOCIETY (and indeed the WHOLE OF HUMAN CIVILIZATION) is at an ENERGY PARADIGM WATERSHED POINT. The LAST one of THOSE to come along was a point back in the 1880s when the INTERNAL COMBUSTION ENGINE was invented by a German engineer: one Karl Benz (whose name probably most folks here do not even know --- except, of course, that he had a beloved GRANDDAUGHTER whose name IS remembered and revered today the world over: her name was Mercedes).
Now THIS society, in particular, by way of having STARTED earlier on the PRECEDING "leg" of the evolutionary progression of technology, has run into the END OF ITS "ROPE" BEFORE some others --- although ALL will "run into the wall" before very much longer.
We in this country NOW KNOW FOR SURE --- originally by means of Hubbert-inspired statistical analysis of patterns of past discoveries of the stuff, now CONFIRMED by many years of rather exact explicit mapping out of reserves (applying sonographic and other techniques), that we have at this point in fact USED UP (and indeed rather profligately!) about 70% of “our OWN” Providential Endowment of raw oil --- and specifically the “easy” stuff!
The remainder, which the “drill, baby, drill” crowd is now so hot to go after, is at this point to be found in low-capacity (only a few barrels a day) “stripper” wells, or under water, or somewhere north of the Arctic Circle, or WAY DEEP. (The largest known LIQUID oil reserve in the “lower 48”, several billion barrels up in the Dakotas, SOUNDS big, but is (1) ONLY ABOUT A HALF-YEARS’ U.S. SUPPLY, and (2) LIES FOUR MILES DOWN!) Such oil is very expensive to “produce” --- which means that it would NOT be possible to shave much (if anything) off the “price at the pump” merely by aggressively exploiting such declining resources! -
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FrankHummel6 months, 3 weeks ago
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And indeed, THAT is what has ACTUALLY given rise in the first place to the whole current (ostensibly “lucrative”) “model” of AGGRESSIVE EXPROPRIATION (or very expensive ATTEMPTS thereat!) of the endowments of OTHERS elsewhere around the world --- and the subsequent (risky) transportation of the “booty” thousands of miles to be refined, distributed, and marketed over here (with, of course, endless opportunities for “profit” and “taxation” at every step along the way). All the while “we”, of course, PRETEND to each other and “our”selves --- BY ARTIFICIALLY EXCLUDING FROM EXPLICIT CONSIDERATION(!) all the “ancillary” (for example the “military”) costs, that actually DO ADD IN(!) to the overall TRUE cost --- that the end result is somehow “cheaper” than the alternatives would be. People may not WANT to “connect the dots”, but $10 BILLION A MONTH for the care and feeding of all those Sunni Militias in Iraq in order to “keep the lid on and the OIL flowing” REALLY IS A “HIDDEN” PART OF THE COST OF THAT OIL! And merely recognizing THAT, of course, does not even BEGIN to address all the IMPONDERABLE costs of about a million or so people BUTCHERED and millions more MADE REFUGEES by way of all the “collateral damage” wrought / unleashed by “us” in the course of THAT whole obscene (MISad)“venture”!
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Now of course the Oil Industry is NOT going to simply go away. Its products are vitally needed as the CHEMICAL FEEDSTOCKS for MANY things that “we” manufacture and use every day --- especially various different PLASTICS and other types of basic materials --- among them ASPHALT for our roadways, and polyvinyl-chloride used in water and gas pipes and electrical conduit and all that SIDING used in building. But “we” DESPERATELY need, and have LONG needed, to QUIT BRAINLESSLY BURNING THE STUFF UP AS A MERE FUEL! So we are now STILL going to have to pursue the alternatives ANYWAY --- even AFTER having now FOOLISHLY BLOWN the economic advantages that “we” not so very long ago had enjoyed, which could have substantially EASED what will surely now be a very DIFFICULT transition --- BRILLIANT, people!!
I submit that it is WAY PAST high time to be nostalgically longing for the "good old days" of "business" to come back --- and time to instead "roll up our sleeves" and GET BUSY doing the ALTERNATIVE ENERGY THINGS that are going to be needed in the aftermath of "cheap, easy" oil.
Those technological alternatives DO EXIST, and they HAVE INDEED been "explored", investigated, and many of them even "piloted" going back MANY YEARS NOW ALREADY. What now needs to happen is that they are actually going to have to be IMPLEMENTED --- and that "green-collar-economy" about which many have been talking NEEDS TO ACTUALLY BE INSTITUTED AND DEVELOPED. -
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FrankHummel6 months, 3 weeks ago
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So get busy DOING that, instead of milling about aimlessly like cattle at a slaughterhouse. If WE don't do the job --- you can RELY on it that OTHERS ELSEWHERE (especially all those clever folks over in Asia) WILL do it "for" us. And I wonder how many people here will then enjoy being in a position of "economic subservience" to folks of OTHER ethnicities and cultures...
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