Recovery - Not yet!
 

It was posted elsewhere on the forum that those evil business who are sitting on their cash troves are now starting to hire in droves. Evidence of that, if any, has failed to register in the employment market. Still waiting for the impact of all that "stimulus" that was supposed to keep unemployment from rising above 8%...way back in 2009.

http://www.bloomberg.com/news/2011-0...s-to-9-4-.html

"Employers in the U.S. added fewer jobs than forecast in December and the unemployment rate dropped, partly reflecting a shrinking workforce, a sign the labor-market recovery will take time to develop."

"The jobless rate fell to 9.4 percent, the lowest level since May 2009."

"The Fed chairman also noted that even with the expected improvements in the U.S economy, it could still take four to five years for unemployment to drop to a historically normal rate of around 6 percent. "

http://www.cnbc.com/id/40962516

Probably afraid to hire now that the number of knuckledraggers in congress just doubled.

Dave

Nothing substantial has changed there, really. The transition from arrogant know-nothings to knuckle-draggers may have little impact on the market.

Then why bother with the recent changes?

And by the way, thanks for the admission.

We like new faces in new places, even if they are a bit hairy.

You're welcome. I like to throw dinosaur bones to you every once in a while.

I don't know where any of these people get the idea that this mess would get fixed in a year or two. I think 4 or 5 years is pretty optomistic, plenty of time for crash v2 from not properly re-regulating Wall St.

All these riches on Wall St. you would think the trickle down would have us busing them in for jobs like during WW2. :p


Carl.

Under we get our heads out of our collective keisters and realize that supply-side economics coupled with lax regulation of the banking/securities industries caused the pickle we're in, we'll not turn the corner on this mess.