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Market Currents

Wednesday, September 30, 2009
3:55 PM TweetThis
  • A depressing report suggests that even if adding two million jobs a year, it will take seven years to restore employment to pre-recession levels.

This news story has 9 comments:

  •  
    Because of (echo-Boom) demographics, we need almost 1.5 million new jobs each year just to keep the unemployment rate steady. More than that to restore the status quo ante.
    Sep 30 04:01 PM | Link | Reply
  •  
    Depressing if you don't have a job, but for the market its neutral or bullish. Thats alot of slack in the economy that will allow for an extended period of low interest rates.
    Sep 30 04:07 PM | Link | Reply
  •  
    Because extended periods of low interests rates have worked out so well in the past...


    On Sep 30 04:07 PM Stone Fox Capital wrote:

    > Depressing if you don't have a job, but for the market its neutral
    > or bullish. Thats alot of slack in the economy that will allow for
    > an extended period of low interest rates.
    Sep 30 04:09 PM | Link | Reply
  •  
    It would take a dramatic change in how we finance the Federal government to change this picture.

    A national retail sales tax and the repeal of the 16th Amendment would put a dent in it.

    Otherwise, we shall slog onward and creep ever sooooooo slowly through the mud and the muck of our current wacko system.
    Sep 30 04:17 PM | Link | Reply
  •  
    Neutral??????? Jesus H Christ!!! This should do wonders for realestate prices, pesonal consumption data and tax receipts and even have a negative impact on the savings rate. EVERYTHING revolves around jobs. "Neutral or bullish" my azz.


    On Sep 30 04:07 PM Stone Fox Capital wrote:

    > Depressing if you don't have a job, but for the market its neutral
    > or bullish. Thats alot of slack in the economy that will allow for
    > an extended period of low interest rates.
    Sep 30 05:56 PM | Link | Reply
  •  
    only a liberal or someone who is paid by cnbc could see the positive side of such depressing info; hec, its "better than expected."
    Sep 30 07:20 PM | Link | Reply
  •  
    actually it is massively bullish

    the only thing holding corporate profits back now are workers. If we can get rid of all of them, just imagine how earnings will go.

    All we need are workers in public office and healthcare, and then Asians doing work private worker Americans used to do.

    Then we have nirvana - everyone else can daytrade. And shop.


    On Sep 30 04:07 PM Stone Fox Capital wrote:

    > Depressing if you don't have a job, but for the market its neutral
    > or bullish. Thats alot of slack in the economy that will allow for
    > an extended period of low interest rates.
    Sep 30 07:57 PM | Link | Reply
  •  
    Wrong kind of slack. Furthermore, political pressure from the unemployment rate will keep deficit spending very high, to the detriment of the dollar and inevitably interest rates.


    On Sep 30 04:07 PM Stone Fox Capital wrote:

    > Depressing if you don't have a job, but for the market its neutral
    > or bullish. Thats alot of slack in the economy that will allow for
    > an extended period of low interest rates.
    Sep 30 11:10 PM | Link | Reply
  •  
    Jobless recovery in '91 was 36 months, '01 was 55 months (both approximations) before achieving pre-crash levels with respect to jobs.
    Higher highs baby
    Oct 01 08:19 AM | Link | Reply
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