Kimball Corson
10/30/2009, Neiafu, Vava'u, Tonga

It is significant to realize that the majority of the peoples of the world have large brown feet, that fit less well into shoes, but work much better than ours without them. That is just the way it is . . . White Foot.
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11/6/09
The Official Unemployment Rate Is Now Over 10% and Rising

The government's just released unemployment report now puts the official unemployment rate at over 10%. Actually, the official figure is 10.2%, which is up from 9.8% more recently, and significantly higher than the 9.9% that was widely forecast. This is bad news and the highest unemployment rate since 1982. The true unemployment figure is, of course, considerably higher, given how the government mistabulates the numbers. It is closer to 18%.

Nonfarm payrolls for October fell 190,000. That is worse than the widely forecast decline of 175,000. Worse, job losses for the previous month were upwardly revised to reflect nonfarm job losses of 219,000. Average weekly hourly hours remained the same at 33.

The stock market managed to squeak out a very modest gain the day of the announcement, notwithstanding the news, and did not plumment two or three hundred points as might be expected, given how badly off forecasts were and the downward revision of the earlier employment number. A bubbled up market to be sure.

This new 10% unemployment figure needs to be considered in tandem with the real, non-governmentally generated GDP growth rate, estimated at about .5% for 3Q. The two figures together are truly not what we could hope for and raise the specter of serious trouble ahead for the U.S. economy, especially in light of the world asset price bubble that is developing, thanks to policies of the Federal Reserve.

Posted but not published on seekingalpha.com

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Kimball Corson
10/30/2009, Neiafu, Vava'u, Tonga

God keeps the cistern full, but it is important that the cross be higher than the cistern. The Creator of this universe is very concerned about such things.

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Kimball Corson
10/30/2009, Neiafu, Vava'u, Tonga

Stark and straight forward, like a business of sorts.

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Kimball Corson
10/30/2009, Neiafu, Vava'u, Tonga

As small as it is, the town, as such, thins out fast.

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Kimball Corson
10/30/2009, Neiafu, Vava'u, Tonga

A cross, a cistern and a dog house, implying there is a dog.

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Kimball Corson
10/30/2009, Neiafu, Vava'u, Tonga

He didn't have a hook and line, he said. I later fixed that.

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Kimball Corson
10/30/2009, Neiafu, Vava'u, Tonga

It is nice and quiet when no one is there. The bothersome noise of doctrine attaches much more to people than it does to the church per se.

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Kimball Corson
10/30/2009, Neiafu, Vava'u, Tonga

The place to buy produce, flowers and plants.

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Kimball Corson
10/30/2009, Neiafu, Vava'u, Tonga

Checking out a small fish they caught.

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Kimball Corson
10/30/2009, Neiafu, Vava'u, Tonga

Women of social status, probably nobles. There are three classes here. Royal, nobles and commoners.

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Kimball Corson
10/30/2009, Neiafu, Vava'u, Tonga

She gains weight when she doesn't want to go.

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Kimball Corson
10/30/2009, Neiafu, Vava'u, Tonga

The day's catch just came in.

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Kimball Corson
10/30/2009, Neiafu, Vava'u, Tonga

Girls always give me their best expressions. Lucky old dog that I am.

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Kimball Corson
10/27/2009, Neiafu, Vava'u, Tonga

Steps into the more blue.

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Kimball Corson
10/27/2009, Neiafu, Vava'u, Tonga

And over a church, at that.

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