Lawler: Observations on the Recent Surge in Net International Migration
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Today, in the Calculated Risk Real Estate Newsletter: Lawler: Observations
on the Recent Surge in Net International Migration
A brief excerpt:
NOTE: Hous...
3 hours ago
7 comments:
"it is unfortunate that it didn't fail sooner"
Well, most certainly would have if not for "the Housing Bubble temporarily paper[ing] over the impact of hollowing out America's industrial base."
No worries though. Nothing another round of dollar debasement, er QE, won't fix. Now back to work you lazy savers and retirees.
http://research.stlouisfed.org/fred2/graph/?g=axL
red line is adding in trade deficit hours as virtual payroll jobs back onto PAYEMS
AllanF,
No worries though.
Absolutely not. I'm the picture of carefree here let me tell you, lol. Sigh.
Gallows sarcasm! ;)
Troy,
Virtual jobs for the win. Fantastic.
(Even more gallows sarcasm.)
Changing the datum to netexp lets us go back to the 1960s . . .
http://research.stlouisfed.org/fred2/graph/?g=ayc
The positive side in this is that we will all have to work 25/8 to repay that work hour debt. That should reduce the unemployment rate a bit.
Anonymous,
Perhaps we'll import some cheap labor from China and convince them to do it for us. Sigh.
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