Friday, October 16, 2009

The Debts of the Spenders: Military Recruiting An Inverse Indicator of Unemployment

Don't be fooled by the stock and bond market rallies. Despite large nominal gains (or real losses as measured in gold or even the dollar index from 10 years ago), the macro situation continues to deteriorate. So much so that the generation that has to shoulder the burden of paying for elderly boomers' social service costs are now finding that the brightest job prospects are in war.

Here, the Washington Post describes how military recruiters were able to meet their goals for the first time in 35 years (the draft was abandoned shortly after the Vietnam War and an all voluntary system implemented). Recruitment levels are at an all time high despite the fact that many face imminent risks of permanent dismemberment and death.

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