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Nickelless
Administrator
USA
5580 Posts |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 09/17/2009 : 08:33:14
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| In other words, this is the recovery folks. Enjoy. |
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Think positive. |
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fb101
Administrator
USA
2856 Posts |
Posted - 09/17/2009 : 21:03:28
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I keep hearing about that jobless recovery and it just doesn't make sense to me. If 100 million Americans spent X dollars and kept Y businesses afloat, then removing 10 million from the workforce and consequently their spending, a recovery to the prior level is pretty much impossible unless the remaining 90 million spend X+0.10% individually, and that would only bring us back to a par level (parity Y), AKA no growth on a genuine past year comparison. (Not year-1 which was a deeply declining year, but a year where we had some actual growth). New unemployment may appear to be declining, but re-employment is also declining. Whether we lose 500K jobs a week for 10 weeks, or 250K jobs for 20 weeks, (net-net) we're still out the same amount of jobs, and from everyone I know in that position, I hear finding an equivalent job is nigh unto impossible. That means even though these people will likely be re-employed, their standard of living (and hence their contributions to X) will not be on par.
Bottom line is, genuine growth is just not going to happen, and the stats they use are pointing only into the twilight zone.
We hit the peak of standard of living and in the future the changes in standard of living will be a long decline.
I'm interested in hearing any opposing opinions. |
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Buffett: economy not improving, but not worsening
Forum Locked
Posted - 09/16/2009 : 20:31:35
