Here we go again...
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Stock market starts another free fall. on report that unemployment increased by more than half a million in November - largest monthly job loss in 38 years, raising the percentage to the highest level since 1993.
Makes me feel advantaged, although living in a developing country, with high unemployment, high numbers of un-housed, and political strife, that absolutely wherever I go in my metropolis, and wherever neighbours in others go, you have to try very, very hard to not see new construction, and people working, almost every kilometre. I cannot ride anywhere in Johannesburg or Ekurhuleni [place of peace, where I live in peace] any day, without seeing something being built, by people earning a wage. The current growth in SA is truly phenomenal, be it private enterprise, or government housing or transport projects. [Where is the proud emoticon?]
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No sweat. President Bush is scheduled to make a speech on the South Lawn about 12:15. That'll take care of it, I am sure. I imagine that, just as the White House touted every increase in jobs as we recovered from 9/11 as being a sign of how well he was handling the economy, he'll take responsibility for today's figures as well. . .
Jon Smith & Wesson: The original point and click interface
Bill Clinton was a good teacher. He took credit for the stock market tech bubble, didn't he?
AF Pilot
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Bill Clinton was a good teacher. He took credit for the stock market tech bubble, didn't he?
AF Pilot
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73Zeppelin wrote:
Move to Lebanon[^]. They're immune.
But, but, Fat_Boy told me France was immune. :confused:
Jon Smith & Wesson: The original point and click interface
Oakman wrote:
But, but, Fat_Boy told me France was immune.
HAHAHHAHHAAHAHHAHAHAHAHA!!!! Ha! Haha! Haaaaaaaaaaaaaaaaaaaaaaaaah.....
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Makes me feel advantaged, although living in a developing country, with high unemployment, high numbers of un-housed, and political strife, that absolutely wherever I go in my metropolis, and wherever neighbours in others go, you have to try very, very hard to not see new construction, and people working, almost every kilometre. I cannot ride anywhere in Johannesburg or Ekurhuleni [place of peace, where I live in peace] any day, without seeing something being built, by people earning a wage. The current growth in SA is truly phenomenal, be it private enterprise, or government housing or transport projects. [Where is the proud emoticon?]
Brady, I'm glad your economy is holding together, but methinks that if the price of gold suffered the same kind of precipitous decline in value that oil has, S.A. would be in the same kind of trouble Venezuala faces right now, don't you? The Lebanese, without a helluvalot of natural resources, in a country torn by civil and religious war (same thing in the Middle East, I guess) are prospering because Levantine instincts honed since the days when the Phoenician traders dominated the world, warned them what was coming.
Jon Smith & Wesson: The original point and click interface
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Brady, I'm glad your economy is holding together, but methinks that if the price of gold suffered the same kind of precipitous decline in value that oil has, S.A. would be in the same kind of trouble Venezuala faces right now, don't you? The Lebanese, without a helluvalot of natural resources, in a country torn by civil and religious war (same thing in the Middle East, I guess) are prospering because Levantine instincts honed since the days when the Phoenician traders dominated the world, warned them what was coming.
Jon Smith & Wesson: The original point and click interface
Oakman wrote:
if the price of gold suffered the same kind of precipitous decline in value that oil has
Of course, it just hasn't. We are very slowly moving away from pure dependence on the gold price, toward a dependence on our relative stability to bring value to trade of all kind, but if gold went bottom up today, I'd still have a job and my own house, although many less fortunate would lose both, if they even had them. SA politics is slowly becoming an alternative commodity ti just gold, and our agriculture is always a good living standard, if not always a profit maker.
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Oakman wrote:
if the price of gold suffered the same kind of precipitous decline in value that oil has
Of course, it just hasn't. We are very slowly moving away from pure dependence on the gold price, toward a dependence on our relative stability to bring value to trade of all kind, but if gold went bottom up today, I'd still have a job and my own house, although many less fortunate would lose both, if they even had them. SA politics is slowly becoming an alternative commodity ti just gold, and our agriculture is always a good living standard, if not always a profit maker.
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Brady Kelly wrote:
Of course, it just hasn't
And probably won't. But, on the other hand, I would have bet a lot of money against my paying $1.59 @ gallon for gas, only four months ago.
Jon Smith & Wesson: The original point and click interface
That's like R10.60 @ gallon, where we pay R10+- PER LITRE! :|
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That's like R10.60 @ gallon, where we pay R10+- PER LITRE! :|
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Brady Kelly wrote:
That's like R10.60 @ gallon, where we pay R10+- PER LITRE
You shouldn't have adopted the metric system.
Jon Smith & Wesson: The original point and click interface
No, it's a dirty, French, socialist mechanism for world domination. :suss:
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No, it's a dirty, French, socialist mechanism for world domination. :suss: