Big Fat Meanie

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    • Mon Jan 28th 11:26 AM | Rating: 0 0
      Commented on:
      NAR Existing Home Sales Report Inspires More Bottom Talk
      Do you think the housing slowdown is somewhat responsible for the exodus of illegals cited in several recent newstories? Conversely, do you think their cheap labor was partially to blame for the glut of new housing (assuming lower labor costs resulted in greater incentive to continue building)?

      Just working on a paper and soliciting opinions....
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    • Fri Jan 25th 10:45 AM | Rating: 0 0
      Commented on:
      If It Looks, Walks and Quacks Like a Recession...
      Good analysis--I was thinking along many of the same lines as you expressed.

      One thing I've noted from pundits is that they consider the current unemployment rate of 5% as in line with the natural rate. Indeed, by historical standards, 5% is quite low; most of the 70s, 80s, and 90s were marked by higher average unemployment rates. However, the dynamics of the modern economy actually make the 5% unemployment rate less bearable than in the past. Higher levels of indebtedness and lower savings rates make unemployment more hazardous, while the permanent departure of many of the better paying blue collar jobs have displaced a fair number of potential workers.
      View article »
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