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snakyjake

snakyjake
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  • Five Reasons Companies Still Aren't Hiring [View article]
    I know for 100% fact that some small business are not hiring employees because they are concerned how the Obama healthcare tax is going to impact them. When employees become more expensive, employees don't like to hire. Employees are already very expensive.

    In the meantime, I see small business hiring temporary workers so they don't have to pay benefits of commit themselves. In larger companies I see a lot of H1B visa hiring still.
    Aug 11 10:55 AM | 2 Likes Like |Link to Comment
  • An In-Depth Analysis of the Employment Report [View article]
    Great article. Too bad there wasn't an easy way to add in the underemployed. My wife just got a temp job, and only pays $20 more than her unemployment check. Everyone is so happy she's got a job, but they forget it is temporary, pays only $20 more than unemployment, and when you consider the cost of work, she actually makes less (cost of transportation, etc).

    I also have friends that aren't losing their jobs, but they are losing their hours. So that would make them "partially unemployed".

    So while unemployment may start to go down, people are probably making a lot less money. Therefore a better employment rate may not translate into a great economy, not until wages rise for the majority.

    Jake
    Aug 7 10:11 PM | 2 Likes Like |Link to Comment
  • Quantitative Easing Dead Ahead [View article]
    We'll all keep going into more debt as long as the people and the lenders don't feel any consequences from it.
    Jun 14 03:47 PM | 2 Likes Like |Link to Comment
  • Jobs Come Back, Along With Unemployment [View article]
    Just wait until the government forces the employers to pay for healthcare....that will get interesting.

    And I want to know how much the new employee credit is working?
    May 7 10:49 PM | 2 Likes Like |Link to Comment
  • How Jobs Data Shows a Mending Economy [View article]
    With the government pumping $1.2+ trillion into the economy, I figure it has to have some sort of positive affect, in the short term. But nothing has been fixed, banks still closing, foreclosures still rising, etc. What has changed to cause this news to be real and long term?
    May 7 10:20 PM | 2 Likes Like |Link to Comment
  • Greece, America and the Four Stages of Economic Collapse [View article]
    How can the US default on debt when it also owns the printing press? I see this as a major difference between the Eurozone and the US Dollar.

    I don't see a lot of spending cuts. I see the unions having a lot of power and I see them getting good pay increases.

    In the short term, what I see is higher taxes (which have policies in play). Next will be running the printing press.
    May 4 01:42 PM | 2 Likes Like |Link to Comment
  • Another Look at Consumer Spending [View article]
    There's a conundrum that might prevent this. One of the big problems is that goods and services are priced higher than people can actually afford, without years of debt and high interest. Inflating our way out of debt will just allow those producers to increase prices even more (unless people can't take on more debt, but the government keeps guaranteeing loans). Hence, hyperinflation and perhaps real prices/wages stay the same. There's a number of ways to control this: debt limits, spending control, rationing, price control, supply control, etc.

    What I see is a lot more government involved and more risk of class warfare.
    Apr 24 03:36 PM | 2 Likes Like |Link to Comment
  • The Million Dollar Question: Inflation or Deflation? [View article]
    The only major price deflation I've seen is in real estate. I don't see businesses offering substantial discounts, I see them reducing supply and laying of employees to keep their cost down. In the future, I see more people not being able to afford as much, while still plenty of people being able to afford (i.e. the have's and the have nots...wider economic class). The only way I see this changing is by all these laid off workers starting businesses to compete against the business not lowering their prices. Unfortunately, I see the competition coming from China entering the market as competitors, not Americans.
    Feb 25 05:45 PM | 2 Likes Like |Link to Comment
  • U.S. Reduces Employment Without Losing Much GDP [View article]
    "You CANNOT have MORE income and LESS work."

    Said backwards: You can have LESS income and MORE work.
    Jan 10 12:48 PM | 2 Likes Like |Link to Comment
  • 7 Million More Job Losses Are in the Pipeline [View article]
    I think the main reason we haven't seen a huge collapse is because the unemployment benefits keep getting extended. I know a dozen people on unemployment and living like they're semi-retired. They're still making close to $30K on unemployment, and some had severance and vacation pay. They also have their 401K's to spend if they choose.

    In the construction business, I see business owners "robbing Paul to pay Peter". Juggling money keeps these failing businesses operating.

    Our economy also has dual incomes. Unlike decades ago when one person was out of a job, the whole family was out of a job. Now, when one is out of a job, it is likely the other still has their job.

    For the people who are in serious debt, and loss of work will sink them. For others that lost a job, but have the other spouse working, and not in serious debt, it is merely a tight budget.

    My belief is that one year isn't enough time to shake all the inefficiencies and failure out of the economy. And even longer when you have economic manipulations.

    I'm waiting for unemployment extensions to end. People to lose hope. People giving up. Babyboomers to retire. And a young unemployed generation without work experience to create a huge gap.

    ...in the meantime, my industry sees 1000's of H1B workers. And more work going overseas.
    Nov 18 02:07 PM | 2 Likes Like |Link to Comment
  • Food Stamp Usage Is Cratering And That Might Be A Bad Sign [View article]
    At my agency we've noticed a correlation between the rise in welfare programs and rise in immigration. The point: Keep in mind there might be other reasons to consider rise/fall in government programs.
    Jun 18 09:53 AM | 1 Like Like |Link to Comment
  • U.S. Economy: 4 Simple Reasons Recession Lies Ahead [View article]
    I'm willing to bet that in the long term Government will continue to grow, as it becomes more of the Consumer and the Investor, and the U.S. more dependent on Government. As long as unemployment is high and people perceive a lot of problems, voters will continue to look at Government spending to provide the solutions.

    This will be the trend: G=C+I. Or you can call it crowding.

    I'm interested to see the data too.
    May 4 07:14 PM | 1 Like Like |Link to Comment
  • How's That Austerity Working? [View article]
    Why aren't bond holders (lenders) seeking collateral?
    Jan 16 02:08 PM | 1 Like Like |Link to Comment
  • Holiday Sales Are Up? Don't Celebrate Just Yet [View article]
    Might be true. People don't have to pay their mortgages (almost encouraged not to in order to get deals from the gov and banks), so they have more spending money.
    Nov 29 02:16 PM | 1 Like Like |Link to Comment
  • What Weapons Does The Fed Have Left? [View article]
    Great outline. I didn't fully understand why the reduction of the interest rate payments to banks is a problem?

    It just seems strange that the Fed/Gov is trying stimulate the economy, but doesn't want to give incentives for the banks to loan their reserves. So the Fed gives all this money to the banks, and many others are depositing with the banks. Then the money sits in reserves and taken out of the economy. And then people wonder why the economy is having problems.

    If the Fed/Gov wants to stimulate the economy, they need to get the money flowing. I figure they can start by taking away incentives for storing their money at the Fed. And maybe instead of Gov spending, the banks can spend/loan.

    What am I missing?
    Sep 23 04:09 PM | 1 Like Like |Link to Comment
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