Next year, 11% unimployment!!!!

There's the best reason to NOT watch the show!

You almost sound happy, you knucklehead

We=92re very busy. I put in over 60 hours this week.

Jon Banquer San Diego, CA

Higher for those who can't spell unemployment.

Jon Banquer San Diego, CA

You see a smile on my face, Dumbo? JS

We?re very busy. I put in over 60 hours this week.

You own a one man shop? I belive it! JS

Jon Banquer San Diego, CA

I work for a tiny little company based in San Diego, CA that has a few patents.

Jon Banquer San Diego, CA

jon

Jon, We're busy also. Talked to two other shops recently and they are both busy also. One even had 4 cars out front this Sat., working overtime I would assume.

Best, Steve

ROLF!

So, you mean, your tiny company is the measure for the hole US economy? That's why the gov. have to spend $700 billions, taxpayers money to avoid recession or even depression? You are not very bright! JS

It's a measure of what kind of company can survive these troubled times.

Perhaps but I'm smart enough to know that machining job shops don't need parametric-history based modeling when a far better solution exists:

Jon Banquer San Diego, CA

So far, you only felt the quake, tsunami hasn't hit in yet. Watch out for next year! JS

I survived what happened to the machining market after 9-11 and I'll survive whatever happens next year.

Jon Banquer San Diego, CA

This is another 9/11, an economical one!

In a speech before parliament on Thursday, German Finance Minister Peer Steinbrück said the effects of the financial markets crisis would be felt in economies and labor markets worldwide for years to come. "The world will never be the same as it was before the crisis," the Social Democrat said, adding," the US will lose its status as the superpower of the global financial system."

He blamed the current crisis partly on Wall Street's "blind drive for double-digit profits" and massive bonuses for executives and bankers. He also called for greater regulation in financial markets and a ban on short-selling, and he suggested a role for the International Monetary Fund as a global markets watchdog. He said the unbridled "race for profits" had to be stopped, and that banks should only be able to conduct high risk transactions if they have sufficient capital resources and they report the risks in their balance sheets.

"An American Problem"

The minister reiterated his rejection of calls from Washington for Germany to create a bailout fund for failing financial institutions based on the US model. With a proposed $700 billion bailout package, the US government is hoping to stop the banking crisis. "More than anything, the finance market is an American problem," Steinbrück said.

He also accused the US of serious failures, saying the Americans had been hesitant to introduce stricter rules requiring larger capital reserves at banks. "The US is the source of the crisis and it is the focus of the crisis," he said. The finance minister also blamed an investment banking system that had not been sufficiently regulated, as well as supervisory bodies in the US that were deeply fragmented. "In large parts, this system is insufficiently regulated, and now it is falling apart," he said.

Funny, and ironic, considering that jb "works" in a machine shop and he cain't make parts, and he cain't *draw* parts.

But, he sure can plagiarize, I mean, Glob, *about* making/drawing parts.

Only if you count the illegal aliens....

There are no illegal aliens, Bush pressed them into the millitary. Green card for service deal/scam. Now they all fight in Iraq for Da big old USA! JS

My analysis shows unemployment at 11+% today.

So he is well behind the curve.

Indeed. 11++ .

Which wouldn't be so bad if 99% of that 11++% was pols, lawyers, Wall Street and insurance muthafuckas, and their sordid ilk.

ummm, 9-11 was a foriegn terrorist attack, not much could've been done to pervent that, the current market meltdown is the result of a domestic stupidity attack