[clue-talk] it's over!

[Dennis J Perkins]

On Sun, 2008-11-09 at 19:02 -0700, Grant Johnson wrote:
> Nate Duehr wrote:
> > A couple points.
> >
> > Warren Buffett is a Democrat who knows businesses not economies. He's 
> > also obviously concerned about taxes enough that he buys warrants at a 
> > discount. No capital gain until they are called in and he can wait 
> > years for that while still accounting for them as profit as long as 
> > they're in the money. The terms he gets are almost always never under 
> > water.  He has the luxury of voting any way he wants to and taking his 
> > profits whenever he wants. If you want to know how the "economy" is 
> > doing, you don't ask the richest guy in the country and you don't ask 
> > the poorest.  You watch the relative wealth of the middle.  Or just 
> > watch the best economic indicator of them all. The unemployment numbers.
> >
> > -- 
> My favorite economic indicator is "How weird are the people working at 
> Wal-Mart?"
> 
> You can choose another place if you like, but choose some place that 
> needs people, and requires no real skills and pays poorly, like fast 
> food, or janitorial.   These are the jobs at the bottom of the list for 
> choices, and therefore, if the people there are well educated and 
> normal, you are in a world of hurt.   However, when the two guys 
> collecting carts are arguing the difference in flavor between live and 
> dead zombies (not as in a movie, but as if they were real) you know the 
> job market is pretty good.
> 
> _______________________________________________

That is definitely an interesting and off-beat way of seeing how healthy
the market is!