Some shysters have to stop ripping people off and get real jobs?

Good!

Maybe we can deport some of the millions of illegal aliens to provide them.

The politically unregulated sub prime corporate free for all in the mortgage lending sector is ending as the chickens come home to roost on Wall Street!

AP, "But jitters about Countrywide, which Lehman Brothers said has seen a "dramatic decline" in earnings power, and KB Home, which posted a disappointing fourth quarter loss, kept Wall Street on edge."

"Countrywide tumbled 15 percent in midday trading, pounded by the Lehman note as well as a New York Times report saying that court records show the home lender fabricated documents related to the bankruptcy case of a Pennsylvania homeowner. Many traders have been betting in recent months that the lender might need to file for bankruptcy."

Fed responds by saying they're ready to print more money.

"The National Association of Realtors index that tracks pending U.S. home sales fell 2.6 percent in November, more than the market expected."

Fed threatens to print more dollars to stop market collapse.

"... The Fed will continue its campaign of interest rate cuts to prevent the U.S. economy from slipping into a downturn."

"Philadelphia Fed President Charles Plosser said in a speech that inflation remains a concern to the central bank. On Tuesday, gold prices surpassed their 1980 levels and reached a record above $875 an ounce, while oil prices resumed their climb. However, Plosser said the Fed remains open to further rate reductions."

I'm sure someone will tell us that those people who lost their jobs were all lazy.

LammertMacroe... If the Wilshire drops about 9 percent in the next day or two, I will read every utterance that you write. I predict a rise of 2-4 % in the next few days, then further decline. My despised predictions are not rooted in absolute science as yours obviously are. Before this year is out, the Wall Street bunch will be blaming ever last person and event in the world, except themselves, for hard times.

There must be a 20 to 1 ratio of construction jobs to mortgage shuffling jobs. And the lag time of construction lay offs to mortgage lay offs is 2-4 months? I imagine there is some lag time. Bush is right on this one: There is uncertainty in the economy. I could add there is looming terrible times thanks to dishonesty, fraud, swindle and incompetence. Listening to President Bush talking about the economy is like listening to a 19th century stage coach hand explain nuclear science.

Who really believes in any of the statistics anymore? They don't reflect reality, just the latest spin they want you to buy into. We are battered by propaganda and trivia. Our country has been ripped off by the elites, and what we need in this country is a true LABOR party, that really represents the concerns of the working class.

Funny, apparently no one told the decider - he thinks everything is swell!!

Buffoon.

Lammert Saturation Macroeconomics

In order to qualify as a true science, the subject entity must have the quality of predictability. Lammert Saturation Macroeconomic Quantum Fractal Hypothesis has predicted the 19 July 2007 saturation high , the 11 October 2007 final saturation high and the 26 December 2007 lower saturation high. How good is this scientific model for areas of nonlinear decay? Will there be a 9 or so or more percent drop in the Wilshire in the next two or so trading days?

couple those jobs with construction, and retail lay offs, and automotive lay offs and one gets the impression(yet again) that the fed jiggers numbers as standard operation precedure. We're ankle deep in recession and the negative feed back loop is only now beginning to kick in. The policy wonks have been so far behind the curve as to scream "WE DON'T HAVE A F*@%&* CLUE"

The latest lie from BushCo .... the Employment Report

And Dean Baker tells us why -

I'm a bit slow here (I'm traveling), but the bad jobs story for December might be even worse than is being reported. The reason is that the imputation for jobs created by new firms not included in the survey is likely overstating job growth.

http://www.cepr.net/content/view/1408/220/

Now what are the numbers from the financial sector?

Does this mean we'll never see any more of their shitty commercials? Please?