Eagledad Posted November 2, 2009 Share Posted November 2, 2009 Never heard it put like this before. From USAToday: The economy is recovering, he said, but jobs are a lagging indicator and he expects the unemployment situation to get worse before it gets better, Obama said at a meeting of the President's Economic Recovery Advisory Board. Link to comment Share on other sites More sharing options...
Merlyn_LeRoy Posted November 2, 2009 Share Posted November 2, 2009 I don't know what you listen to, but I've always heard that jobs recover later. http://www.foxnews.com/story/0,2933,98006,00.html [George Bush in 2003] There's an employment lag that generally accompanies a recovery. The economy gets going and after a while employment catches up. Link to comment Share on other sites More sharing options...
scoutldr Posted November 2, 2009 Share Posted November 2, 2009 Except when there are other confounders being brought to bear, such as increasing tax burdens on individuals and small businesses, federal takeover of corporations and unfunded government mandates on state and local governments. As has been said by the experts...this is an economic "perfect storm" the likes of which we've never seen before. The standard rules of business and economics don't apply any more... No one I know believes that "inflation is zero" and the economy is good... Link to comment Share on other sites More sharing options...
packsaddle Posted November 2, 2009 Share Posted November 2, 2009 Sure, it is easy to look at things like everything's going to 'that mythical place that doesn't really exist'. But a good capitalist, one that is an effective competitor who makes good choices and invests wisely, will find this economy to be a wealth of opportunity. Right now it is possible to take a little bit of capital, combine it with an understanding of how things work, and turn a huge amount of profit. All these dire headlines are just theater in comparison. Link to comment Share on other sites More sharing options...
Eagledad Posted November 2, 2009 Author Share Posted November 2, 2009 >>he expects the unemployment situation to get worse before it gets better, Link to comment Share on other sites More sharing options...
scoutldr Posted November 2, 2009 Share Posted November 2, 2009 "you cant spend what you haven't got" Now, there's a concept. Maybe we should all send our Congresspersons a complimentary copy of the "Personal Management" MB booklet. Seriously. Link to comment Share on other sites More sharing options...
Trevorum Posted November 3, 2009 Share Posted November 3, 2009 Being in a field that prides itself on being "shovel ready" (heh heh), we're booming. Can't hire fast enough to keep up with new work. I suppose that indicates the recovery is patchy, but all those new wages are flowing into the community, rippling, rippling. Link to comment Share on other sites More sharing options...
scoutldr Posted November 3, 2009 Share Posted November 3, 2009 Undertaker? Now there's a recession-proof business...hmmmmm. Link to comment Share on other sites More sharing options...
GernBlansten Posted November 3, 2009 Share Posted November 3, 2009 As an independent computer consultant, I keep a job tickler on Monster.com to get a pulse for the market of my skill set. For the past 2 - 3 years, nothing - zero - Nada. But this past month, I'm getting 2 to 3 leads a week. Something is happening. Something good. Link to comment Share on other sites More sharing options...
Trevorum Posted November 3, 2009 Share Posted November 3, 2009 scoutldr - all the dead bodies I deal with are at least several hundred years old! Link to comment Share on other sites More sharing options...
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