Housing Doom Housing Bubble Blog

A nation that forgets its past is doomed to repeat it. - Churchill

May 5th, 2007

Death and Resurrection at the BLS


And when I die
And when I’m gone
There’ll be one child born

            "And When I Die", Laura Nyro

According to the liturgical calendar we’re still in the Easter Season, as Newsweek reminds us [1] with a story currently appearing on MSN’s front page. Yesterday, however, frequent commenter Jan-Martin [2] and global analyst Mish [3] helped call Doom’s attention to a very different sort of resurrection. The U.S. Department of Labor’s Bureau of Labor Statistics (BLS) publishes a very influential monthly employment report, and this makes use of a controversial estimate called their Birth/Death Model (BDM).[4]

 

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May 5th, 2007

Desperate Mortgage Lenders Spamming Unlikely Places

Well, they are spamming at least one unlikely place, anyway.  This keeps showing up in my bulk Doom mail:

Your credit doesn’t matter to us!

If you OWN real estate and want IMMEDIATE cash to spend ANY way you like, or simply wish to LOWER your monthly payments by a third or more, here is the deal we can offer you TODAY (hurry, this offer will expire TONIGHT):

$343,000+ loan

AND EVEN MORE: After further review, our lenders have established the lowest monthly payments!

Hurry, when this deal is gone, it is gone.. Simply fill out this one-minute form…

Don’t worry about approval, your credit will not disqualify you!


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