Recovery - Not yet!

[whell]

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."

[whell]

"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

[BlueStreak]

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

Dave

[whell]

Originally Posted by BlueStreak

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.

[painter]

Originally Posted by whell

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

http://www.entrepreneurdex.com/profi...-of-presidents

[CarlV]

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.


Carl.

[djv8ga]

Originally Posted by CarlV

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.
Carl.

10 years for the housing market out west.

[CarlV]

Originally Posted by djv8ga

10 years for the housing market out west.

Depends on where, I can't tell you about the south part of Ca. and it really is 2 states merged @ the s*hithole aka: Bakersfield.
Up north here, San Francisco and Berkeley hardly tanked at all and have increased along with some of silicon valley and so the closer you are the better off you are. But the central valley where they threw the most subprime loan money around is sure a different story. Down south over the grapevine probably is the same I would imagine.

[djv8ga]

Originally Posted by CarlV

Depends on where, I can't tell you about the south part of Ca. and it really is 2 states merged @ the s*hithole aka: Bakersfield.
Up north here, San Francisco and Berkeley hardly tanked at all and have increased along with some of silicon valley and so the closer you are the better off you are. But the central valley where they threw the most subprime loan money around is sure a different story. Down south over the grapevine probably is the same I would imagine.

AZ is in big trouble. The construction industry has paid the bills and employed a huge % of the population. Without it, the foreclosures will continue at a record pace. I really can't see a way out of this mess.

[BlueStreak]

Then why bother with the recent changes?