Global Economy Bursting?

[EDWARD BERRY]

A College Degree Pays-----if- If If- One Can Find Work.

My Son In Law Lost His Job Two Years Ago When Paint Ball Bounced.

Went To School- Finished Degree- Only Work Was In Canada.

Fortunately Just Got A Job. But I Know Many Not Working Here In Nw Ark Which Has Lowest Rate In State.

Almost No Expansion.

And The Animal Rights Nuts Have Caused Us To Loose Business Because Farmers Put A Sow In A Crate During Birthing To Save Pigs. A Practice 60 Years Old That Has Saved Millions. The Sow Can Lay Down, Just Can't Roll Over And Kill Her Young. And Its Only For A Few Days.

They Have Never Set Up With A Sow Trying To Have Pigs So They Only Know What The Sow Has Told Them, Or What The Head Shrinkers Said The Sow Thinks.

 

[Austin]

I hate to kick a dog when he is down in this job market but let me shine a little light on the situation or put a cloud over it depending on one’s point of view. I spent the morning as usual, talking and listening to Europeans on the ham radio. I heard a conversation between two men, one in the states and one in Europe. Come to find out, they have a lot in common. The one in the states was born and raised in Denmark. He immigrated to the states with his wife to get an education in our college system. He got his MBA from ULCA and has lived here every since, did well and travels to Europe frequently. The man in Europe got his education at Harvard Medical School. He too extolled the virtues of an American education.
Last night on TV news I heard an interview with a 16-year-old Greek kid who was really sharp (one of the elite who spoke English well). The kid said he had no chance to have a life and get an education in Greece and his only hope was to get out of Greece and hopefully get to the USA. Most Americans don’t realize it but this country in the mind of the world is a special place. It is kind of like a city on a hill where the human spirit longs to be and if one can’t live here they can visit the place and it is kind of a home to the free spirit for all who share the spirit of freedom and opportunity. Unlike some of the people who were born here and want to change it to fit their particular situation.
Where I am going with this is that these elite people from all over the world are coming to this country to get an education and live. That is the European crisis some should be concerned with. These people are the cream of the crop and will set the standard. I graduated from Virginia Tech and I heard recently that over 50% of the student population is foreign. When I was there in the late 1960’s my room-mate was Chinese via Vietnam and a lot of my friends were Chinese from Hong Kong. I remembering playing football with the Chinese because they never got in the huddle, they just lined up and called the plays in Chinese. My point being that the situation in Europe will drive the elite over here and they will drive the local blokes out. Both my niece and nephew work for companies owned by Indians. Maybe the locals can move to China and open a toe nail painting shop or go to India and open a convenience market or motel. Who knows? You can thank public education in this country for making it all possible. They killed all of the competition for the top jobs.

 

[Workbox]

Austin, I completely understand what you are stating and agree. As a young immigrant I took in as much as I could that America had to give, but with my own sweat and labor. I also know many of the elite from my country that came here with their children and they ran circle compared to those educated here. There are higher and stricter rules in other countries compared to ours. Even the lowly of the immigrants, their kids are better prepared when it comes to math and sciences and higher work ethics.

Thing have changed in how we view work and what to expect, its a whole new paradigm and some will be able to handle it and others will not.

 

[Terrel L. Shields]

There are higher and stricter rules in other countries compared to ours. Even the lowly of the immigrants, their kids are better prepared when it comes to math and sciences and higher work ethics.

Our education is a good system for teaching risk taking, innovation, and forward thinking on all levels... but you need to back it up with pure simple STEM, science, technology, engineering, and Math.... in the 1950s and 60s engineers and scientists were looked upon as the elite of the leading technology of the day. Today we are looked upon as mad.

Geologists are view as shills for the oil companies.
Physicists have become quants for banks
Biologists are shunned if they mention evolution. Geologists are lunatics for thinking the world is over 5,000 years old.
Math is for geeks... they make nerd TV shows about them
Doctors are supposed to cure cancer but eschew stem cell research

 

[Scott Kibler]

Stupidity pride is a very big problem in this country and it troubles me greatly that fiscal conservatives too often cater to that line of thinking. If you want small government you must also be anti stem cell research, evolution, and (ironically) for new laws governing who marries who, not to mention personhood for zygotes. I think pragmatism has become a lost art.

 

[Workbox]

This is so true to our current state of the economy.

“Whoever controls the volume of money in our country is absolute master of all industry and commerce…and when you realize that the entire system is very easily controlled, one way or another, by few powerful men at the top, you will not have to be told how periods of inflation and depression originate.” – President James Garfield, 2 weeks before his assassination.

 

[Randolph Kinney]

All Of The Stock Market Sentiment Indicators Combined Into One Index

Read more: http://www.businessinsider.com/char..._campaign=Moneygame_COTD_021612#ixzz1maOzYumZ

Say Workbox,

Does your indicators agree?

 

[Workbox]

Since they are using the stock market as the only indicator to show economic strength and main street is not that savvy to know the difference between reality and media melt-up hype. Many will believe what they see and hear about how the market is making new highs is also a reflection of our economic stability.

They are herding the sheep for slaughter. They want the public to think that all is OK.

Today this morning we could see how the FED pumped the market to both the financials (XLF) and semi-conductors (SMH) and also Apple (AAPL). You may not believe this, but Apple is holding up this market for the short term. You could see how they all went up at in sync when it was stalling in the morning. If you see Apple go down, so will the market and vice versa like today. Right now I see more sellers on volume than I do with buyers.

 

[Big ole Boy]

Gallop .

... so I heard that the Gallop for the first time ever ....... now has a higher unemployment rate than CBO, labor department .....

.... how long will the newly identified rebels within Gallop last? ....

 

[Randolph Kinney]

Jobless disability claims soar to record $200B as of January

http://www.nypost.com/p/news/business/pain_brings_gain_taZkGOAUhXALmhEEyMpmqJ

Standing too many months on the unemployment line is driving Americans crazy — literally — and it’s costing taxpayers hundreds of billions of dollars.

With their unemployment-insurance checks running out, some of the country’s long-term jobless are scrambling to fill the gap by filing claims for mental illness and other disabilities with Social Security — a surge that hobbles taxpayers and making the employment rate look healthier than it should as these people drop out of the job statistics.

As of January, the federal government was mailing out disability checks to more than 10.5 million individuals, including 2 million to spouses and children of disabled workers, at a cost of record $200 billion a year, recent research from JPMorgan Chase shows.

The sputtering economy has fueled those ranks. Around 5.3 percent of the population between the ages of 25 and 64 is currently collecting federal disability payments, a jump from 4.5 percent since the economy slid into a recession.

Mental-illness claims, in particular, are surging.

During the recent economic boom, only 33 percent of applicants were claiming mental illness, but that figure has jumped to 43 percent, says Rutledge, citing preliminary results from his latest research.

The big concern about the swelling ranks is that once people get on disability, they’re unlikely to give it up and go back to work.

Social Security’s disability fund, which has been operating short of cash since 2005, is forecast to run out of reserves by 2018.

The jump in successful disability claims also is making the unemployment picture look extra rosy because those folks are falling off the jobless rolls.

“If they’re on disability they’re generally not counted,” says Feroli, who estimates that a quarter of those dropping out of the job market are getting disability. “It’s no trivial number.”