dw57

Is the Jobs Data a Concern?

you sort of wonder. when people say that jobs are a lagging component and its not that important. since a business (which has may or may not be public traded) needs willing customers who can afford their offerings. and unless they sell B2B (and even then at some point they are selling retail,i.e. a consumer). and 99% of consumers are some ones employee. just how long will that business (or businesses) be a going concern if employment doesn't take off? and soon? let alone have money to invest in the business to improve it.

Michelle Girard: Recovery Ahead — With Jobs

they didn't mention that the dollar has been falling since what 2002? or that the consumer has been taught a lesson like in the GD, they won't be back. and they won't trust the financial industry any more just like back then. and oddly enough all of the dollars from the FED? are in the banks not doing any thing. and i seem to recall that RBS was rescued by England wasn't it?

Confidence Games and Ponzi Schemes: No Way to Run the World's Largest Economy

while we need spending and savings, the trick is how to do that. and if we save, and the banks aren't lending it out (and they aren't), the money we save might as well be in a mattress. and the reason we took on so much debt? because wall street pushed business to keep incomes as low as possible (way to go! mission accomplished!) to funnel every one into their loan scheme (the same one than sank the economy!) . and now we have so little in income (again thats to friends in wall street. and offshoring!) so while we have some good news, its not enough to get the economy off its back. and since 70+% of the economy is based on consumer buying stuff. we stop, the economy stops. and why is it different now? back in 2003 the government pushed for us to buy stuff? and i doubt those grumping about it now, were grumping about then.

Why Another Stock Market Collapse Could Be Imminent

and 1921 was a regular recession. 1929 wasn't. it was some thing extremely different


On Aug 05 05:51 PM a5fung wrote:

> You missed something. In 1921, there were no bailouts, no stimilus,
> no government intervention; Hoover (then secretary of commerce) lobbied
> to have industries/banks/etc saved but Harding wouldn't have any
> of it. The economy was allowed to reset and work its way out of the
> bottom. Contrary to now (and 1929), we have everything that Hoover/FDR
> implemented during the Great Depression and then some.
>
> On Aug 05 03:07 PM Angel Martin wrote:

Still Missing the Last Green Shoot: Jobs

i doubt we can depend on an export driven recovery. the countries we can and do sell to, are to dependent on trade going the other way. they can and will devalue their currency as fast if not faster than the dollar can devalue. the consumer can help this time (some thing about a problem with jobs). and business hasn't helped much in a decade. so that leaves who?

On Aug 03 04:22 PM concrete guy wrote:

> Export growth fueled our economy prior to the crisis and has the
> potential to help heal the economy even if consumer spending and
> unemployment lag in this recovery. A weaker dollar will increase
> foreign demand for our goods, helping to prop us up.

No One Saw This Economic Crisis Coming?

well trying to starve the beast as you call it was got us where we are today. the beast was also being used to help create this mess at its masters (wall streeters and banksters) command.
so making it smaller won't help. it will just make infinitely worse


On Jul 12 09:17 AM fireball wrote:

> in the early 90s i saw massive debt, massive corruption in business
> and politics, and a complete lack of integrity in our media. i was
> just amazed the house of cards didn't tumble sooner.
> there was little i could do on a national level. there was much i
> could do on a personal level.
> on the national level the best thing i can see is to work on a constitutional
> party and to try to starve the bloated parasite of government.

What World Financial Markets Are Hinting At This Coming Week

i suspect commodities will continue there 2 year and counting run of speculators ruling them. since there is little chance of a real recovery any time soon, just a slowing of the crash that has been engineered from the last 8 years of policy choices

Interview with Michelle Girard: GDP to Rise in Q4; Job Growth by Year-End

i don't think the rest of the world (Asia or Middle east) consumers will lead us out. this is a hope, which has no basis in reality as there is no consumer in their cultures. if your only hope is this, you will be waiting a decade or more. if you are lucky


On Jun 16 12:53 PM six wrote:

> This is not a "normal" recession- the US Gov can't create consumer
> demand via low interest rates this time. I really look to Asia and
> the Middle East to lead the world out of the recession by increasing
> consumer spending. The debt burden borne by the US will hamper economic
> growth for decades to come. For the next several years consumer
> debt destruction will choke the breath from any economic growth.
> Then we will experience a period of recovery only to see rampant
> inflation created by the large Govt debt AND renewed consumer borrowing.
> Just keep repeating-
> Deflationary Debt Destruction... then wait until you see the signs
> of excess consumer borrowing and then look out!

The Coming Economic Collapse, Part 2

can't forget off shoring and outsourcing as the biggest destroyers of middle class incomes ever invented. and its works so well for the upper 2% as well!


On Jun 11 05:33 AM markhall777 wrote:

> 1 - I think the Congress submits the budget to the Pres, so the Pres
> has limited power to control the Federal Budget unless he wants Govt.
> to come to a halt. Not that that would be that bad.
>
> 2 - Unions, it seems, have contributed to America's loss of competiveness
> as evidenced by their effect on the major industries.
>
> 3 - Lastly, lawyers, especially trial lawyers, contribute to a blame
> game/PC mentality that makes doing business in the US hardly worth
> the risk in some cases.
>
> I see these three things as the greatest problems that America has,
> and I’d like to see if others feel the same.

The Coming Economic Collapse, Part 2

not sure what growth your talking about. i must have missed it cause i never saw any

On Jun 08 10:08 AM Prudent Man CFA wrote:

> Bush had to deal with 9/11 and Clinton's recession yet gave us six
> years of growth. Whose fault is it they the people over spent and
> over borrowed. Individual responsibility please!
>
> All federal spending programs must be introduced by the House of
> Representative.s (H.S. Civics). If you want to blame anyone for
> the debt we have grown since Coolidge blame Congress and work to
> enact Congressional Term Limits and return the country to its taxpayers.
>
>
> TARP is not a stimulus plan and Obama doubled the stimulus plan that
> HE signed and, being the ultimate lying politicians, said he "inherited",
> like, and maybe this is true, he didn't kno wwhat was going on as
> an absentee Senator. Did Obama ever vote against a spending bill
> as a senator or vetor one as president? Not!
>
> Watch the misery index.

The Coming Economic Collapse, Part 2

considering that a free market REQUIRES transparency and those in the private sector will never ever allow that to happen just pray tell when does a free market get created? it has yet to do so. and every time the private sector cons/captures the public sector we end up with a huge unavoidable mess. always have and always will until REAL TRANSPARENCY OCCURS.

On Jun 08 06:40 AM User 353732 wrote:

> I suggest that the path to a cure requires clarity about making and
> honoring distinctions between markets and governments.
> Markets allocate resources based on merit. Governments misallocate
> resources based on patronage. Markets create wealth, Governments
> destroy it. Markets promote choice; Governments suppress it. Markets
> are based on a voluntary system of property rights and willing exchanges.
> Governments are based on a coercive system of entitlements and impositions.
>
> It is not, I beleve, for individuals or Governments to decide the
> what, when and where of jobs and the composition of the economy:
> no individual can and Governments , by their very nature get in not
> just wrong but horribly wrong.
>
> Only Free and Fair markets can get it right.
>
> Our present grave economic/financial and decision making perversions
> and pathologies arise from the fact that free and fair markets are
> no longer permitted to function in important, indeed essential parts
> of the economy. This is because corrupt and self obsessed Big Corporations,
> advocacy and special interest groups and the Government profit hugely
> and consistently from suppressing or distorting market( eg credit,
> energy,water, labor, real estate, education, healtcare) signals.
> In large and growing parts of the economy Free and Fair markets do
> not exist or are no longer allowed to operate.
> The more the markets are tortured and weakened the more the Government
> and its corporate, special interest and media allies claims that
> only they, the annointed few, have the answers.
> Governments cannot credibly address the issues you discussed in
> Parts 1 and 2 of your essay and markets are not allowed to. No wonder
> the fundamentals of the economy, society, culture and national global
> stature continue to deteriorate.
>
> Until the Government/market balance is reasonably restored, property
> rights and the rule of contracts are again honored, free and fair
> markets are again the norm and the middle class is again central
> in national decision making our condition cannot, reliably and consistently
> improve. It can, however, greatly worsen.

The Real May Unemployment Rate Is 13.4%

not sure why you didn't talk about the U6 number, which for may was 16%.

After Two Consecutive Strong Days, What's Next?

sure it will keep going up. all we need now is to have MS or Oracle or some else go bankrupt. thats all its takes. just bad news

As GM Goes, So Goes the Nation (Part 2)

interesting in some way. full of propaganda in others. like the domestics wage differential. which is just taking labor negation tactics and using as if they were real. the biggest problem and one of the major causes of todays crises is that wages have been deflating for 30 years. now if we want to have have third world living status we are certainly on the way to it we need to just continue that trend. it has been so successful so far. and why is that the same explanation for why executive has to be so high and every one elses pay has to be so low is the same one? competition. how does that make any sense?

and the other major cause of todays disaster is the on rushing retirement (or attempt to) of the biggest group of consumers in the country (the boomers). and there is no replacement consumers so even if we were to some how get out of this problem today, the economy will not go back to where it was.
and gm is building some of the best cars out there today. models like the Malibu and CTS are tops in their market segments (and that includes among other Camry!).
and the top ten most efficient car plants in the US? 9 are domestics. the only non-domestic is shared with a domestic.
the biggest problem for the car industry as whole (be sure to note the Toyota also lost billions in their last quarter) is that the car buyers disappeared. some thing to do with job loss and having to live on their wages.

Economy in Crisis: Three Bears and a Missing Goldilocks

nah i think the disease was the collapse of wages, with out that we wouldn't have needed as much credit.


On Jan 25 03:02 PM prudentinvestor wrote:

> It is fashionable amongst the punditry to blame the "credit crisis"
> as if it were the disease, whereas in reality it is the symptom.

>
>
> The disease is lack of savings and overconsumption, fueled by artificially-low
> interest rates and easy credit. The fact that debtors cannot pay
> what they owe and the banks are collapsing is the symptom, not the
> disease.
>
> All the talk we hear now is about how to alleviate the symptoms,
> with pain relievers, but there is almost no discussion of how to
> treat the underlying disease. This is more important than alleviating
> the symptoms.