Apparently Wall Street isn’t too concerned as currently the DOW is relatively flat.

We know more is to come though as builders are squeezed. Here’s a decent read.

I think this 4th quarter retail performance will be indicative of where things are really at, and how hurt the consumer is as a result of the mortgage crisis, at least for those who have had their ARM adjust. For those that are part of the more than $1,000,000,000,000 in loans resetting in the next year or so, stay tuned for next Christmas.

The more relevant info on jobs is where those jobs are, i.e. how much they pay. What real good is it if jobs rise by 500,000 if they are all seasonal hires at Wal-mart?