http://www.bls.gov/jlt/
obviously we are all surprised at the job turnover rate

but its way more dynamic then you might expect

“There were 3.1 million job openings in the U.S. on the last day of October 2008.

The job openings rate (2.2 percent) was essentially unchanged

the hires rate decreased slightly to 3.0 percent
and total separations rate was little changed

at 3.1 percent

hires 4.2 million

separations 4.35 million

net hires -.1 % or 150 k per month ???????
vs

unemployment dynamics ???

need to work thru all this eh wizard ????

Posted by pinky at 07:06 PM

“I sympathize, therefore, with those who would minimize, rather than with those who would maximize, economic entanglement among nations. Ideas, knowledge, science, hospitality, travel — these are the things which should of their nature be international. But let goods be homespun whenever it is reasonably and conveniently possible, and, above all, let finance be primarily national…Experience accumulates to prove that most modem processes of mass production can be performed in most countries and climates with almost equal efficiency… A moderate increase in the real cost of primary and manufactured products consequent on greater national self-sufficiency may cease to be of serious consequence when weighed in the balance against advantages of a different kind. National self-sufficiency, in short, though it costs something, may be becoming a luxury which we can afford, if we happen to want it.”
http://www.mtholyoke.edu/acad/intrel/interwar/keynes.htm okay so i'm convinced uncle obama could pull us out of the dive acting solo and using

just the budgetary levers of taxes and expenditures ..so long as he's bold enough

and in consequence if we wallow long in this coming jobless pit i can rightfully lay the blame

on the good emperor hisseff

but what of say …the leader of cambodia operating with no limitless dollar mine to tap

can he or she be blamed if the gathering depression lingers on past next year in that small and much tasked country ???

the privateering pattern is clear:

in high times the trans national free range corporations fly in to 

places like cambodia with their international credit and their cutting edge technlogy

and their first rate organization

but when the great sucking sound begins and the rip tide is in the offing ..they fly right on out

collapsing the local asset markets and taking much “domestic paper capital” back with them

to the manhattan metropole and its imperial dollar

moral :

the tangled web in the end snares the thread walking fly

here is the great and glorious keynes circa deep dark depression days

http://www.mtholyoke.edu/acad/intrel/interwar/keynes.htm

“I sympathize, therefore, with those who would minimize, rather than with those who would maximize,

economic entanglement among nations…..I have become doubtful whether the economic loss of national self-sufficiency

is great enough to outweigh the other advantages of gradually bringing the product and the consumer within the ambit of the same national, economic, and financial organization.

Experience accumulates to prove that most modem processes of mass production

can be performed in most countries and climates with almost equal efficiency.

… let goods be homespun whenever it is reasonably and conveniently possible,

and, above all, let finance be primarily national…”

mr K not a globalizer he…. eh ??

back to cambodia

now i have a history with this place and its brief essay into radical autarky back in the 70's

so i think of it often when the wild and wooly down side of ” limited liability internationalism “raises its head like it has recently ….

one has to wonder if keynes meant this passage above to apply to the likes of todays descendent of pol pot's democratc kampuchea 

more  broadly can we say the periphery of the earthwide yankee empire is safe for practioners of keynesianism ????

can little brown states run like big white ones do ???

let's begin by doubting it …

to be continued

Posted by pinky at 03:24 PM

http://www.bartleby.com/301/303.html
recalling Thwackum and Square





” today, many experts believe that unemployment could reach 10 percent by the end of next year

and our economy could fall $1 trillion short of its full capacity “

that's obama head econ con lawrence summers low balling the gathering tempest





“The Obama plan represents not new public works but, rather, investments that will work for the American public. Investments to build the classrooms, laboratories and libraries our children need to meet 21st-century educational challenges. Investments to help reduce U.S. dependence on foreign oil by spurring renewable energy initiatives (many of which are on hold because of the credit crunch). Investments to put millions of Americans back to work rebuilding our roads, bridges and public transit systems. Investments to modernize our health-care system…”blah dee blah blah blah



reading larry the swine's latest hortatory squealfest

http://www.washingtonpost.com/wp-dyn/content/article/2008/12/26/AR2008122601299.html?sub=AR



my mind ran off towards … those two great advisors to squire allworthy square and thwackum

grappling the age old question ” Can any honour exist independent of religion”



whilst we numberless orphans of the storm are blown from pillar to post

we're to be comforted by thoughts of obama's econ con dream team

fashioning  a squared circle rescue (albeit behind the great veil of discretion )

a plan that preserves  all our tiny souls' civic virtue and yet extends to us a generous  secular grace





“Some argue that instead of attempting to both create jobs and invest in our long-run growth,

we should focus exclusively on short-term policies that generate consumer spending.

But that approach led to some of the challenges we face today — and it is that approach

that we must reject if we are going to strengthen our middle class and our economy

over the long run. …”





stuff of that sanctimonious turn coming from the likes of dear larry 

and his thwachumish counterpart parson paul no kodiak paul von volcker ……one might wonder .. …

i see  20 million bounced out toms and mollys empty bag in hand

each on their own winding sorry road to an indifferently cold and wanton patch of london town

————————————————————————————————————————

Posted by pinky at 03:09 PM