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Steve Picarillo

 
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  • The May 2014 Jobs Report - Back To The Starting Line - However, The Blocks Have Been Moved [View article]
    Hi , Thanks for the comment. I don't agree with your socialist comment and "Corporate desire...", (perhaps in China, in terms of pollution). , yet points 1 and 2 have some validity in my view, as jobs have moved offshore and have been eliminated through technology.

    However, many of the jobs eliminated were in financial services/banking, which has transformed, partially owed to regulation and the overall restructure of this segment. But in my humble view, regulation and the real and implied cost related to compliance has fundamentally changed financial services. This has also reduced credit available which has put a damper on job creation and economic growth. (A few years ago I wrote regulation, stating we need better regulation, not more regulation, which speaks to this point- http://seekingalpha.co....


    Further to my point in the article, manufacturing, real estate and construction related jobs growth was absent in the jobs report, these jobs create additional jobs, i.e. how many jobs are needed to construct a house or commercial building, to created the materials, the plans, etc.... These jobs create movement of money, i.e. sales, rentals, goods sold, create need for banking products/services and create wealth to add to the economy through increased personal spending and adds funds to start this process again..


    Just a few quick thoughts. But Thanks again for the comments, they are truly appreciated.
    Jun 12, 2014. 02:23 PM | Likes Like |Link to Comment
  • Madame Chair Please Note: There Is Something Brewing On The Horizon [View article]
    Yes, the public never got that memo. Thanks for the comment!
    Mar 23, 2014. 11:49 AM | 1 Like Like |Link to Comment
  • Madame Chair Please Note: There Is Something Brewing On The Horizon [View article]
    Very true, and I fully agree! Stay tuned, its coming soon. One or two lines in here just did not give it the justice or the attention it deserves, need several pages. Thanks for your comment!
    Mar 23, 2014. 11:47 AM | 2 Likes Like |Link to Comment
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