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re: 12 hours until December unemployment and jobs reports - guesses?
Posted on 1/10/14 at 4:05 pm to Powerman
Posted on 1/10/14 at 4:05 pm to Powerman
quote:
And we're on more sound footing now than we were then. Or do you disagree with that?
Are you sure about that? We have an administration that can hang its hat on job numbers only be severely skewing them, economic policies that are forcing businesses to hire fewer full-time folks and no way out of the bone-crushing debt that keeps accruing. If we're better off now, it's not by much and a lot of it is smoke and mirrors.
1
Posted on 1/10/14 at 4:08 pm to Powerman
quote:I have in no way suggested that. Nor has anyone else that I recall.
If you want to look at participation rates as the only metric of the economy be my guest
quote:Somewhat. We've done a historic job of re inflating the bubbles. Avoids the short-term pain. But isn't the road to prosperity.
And we're on more sound footing now than we were then. Or do you disagree with that?
Posted on 1/10/14 at 4:08 pm to Powerman
quote:
And we're on more sound footing now than we were then.
How?
Posted on 1/10/14 at 4:11 pm to GumboPot
quote:I think you are misinterpreting what is happening in that chart. I dint think the rising 65 and older number represents people returning to the workforce. I think it represents fewer people aging into that bracket choosing to leave the workforce. In other words, there are people not retiring than previously would have been the case.
That chart is interesting. So, retirees are getting back in to the work force, but why? Probably because they need to supplement their retirement or maybe boredom. But I think there is another reason. That is, businesses cannot find qualified people to do the jobs experienced folks can do and they are being called back to the workforce and some are accepting.
This post was edited on 1/10/14 at 4:14 pm
Posted on 1/10/14 at 5:15 pm to Bard
quote:
If we're better off now, it's not by much and a lot of it is smoke and mirrors.
I suppose if you were 63 and had a couple million in your retirement account it might seem very real to you.
Posted on 1/10/14 at 5:26 pm to SettleDown
quote:
I think you are misinterpreting what is happening in that chart. I dint think the rising 65 and older number represents people returning to the workforce. I think it represents fewer people aging into that bracket choosing to leave the workforce. In other words, there are people not retiring than previously would have been the case.
I can buy that.
Posted on 1/11/14 at 3:42 pm to BeaverPRO
So I was the closest? What did I win? Also didnt the market drop... so I was right when I said short.
what I win ??
what I win ??
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