Posted on 04/03/2013 4:37:24 PM PDT by Kartographer
That's it. And the ADP report this morning is showing the pathway to recognition, as construction has stalled and the destruction of job creation in small and mid-sized businesses exposed to Obamacare will finish it off.
I continue to maintain that we're in a time very similar to 2007, when the facts were on the table. Banks paying dividends with money they didn't have. Hedge funds that blow. Bubbles in crazy places, then housing, this time in subprime car lending, student loans and even Bitcon.
The transports are telling you that all is not well. CAT is confirming it. Copper is warning that we're in deep trouble internationally, and irrespective of the claim that "America benefits from everyone else's pain" that's only partially true -- in the end earnings are what drive stock prices, and the red flags are waving at warp speed on earnings.
(Excerpt) Read more at market-ticker.org ...
Ping!
4 years ago they laughed at me when I tried to get a business loan.
Now they are throwing it at me.
Really strange
And there you have it...
Could part of this be explained by Baby Boomers retiring?
Who can afford to retire?
Don’t worry, I’m sure the government will endorse something to kick the economy while it’s down.
They would be replaced by young college age adults entering the job market. Either that isn’t happening, or it is and the employment rate is dropping anyway.
Don’t think so. Many boomers who would have retired are still working to pay of the mortgage, second mortgage, student loans, children’s student loans, car loans, vacation loans, etc. 90% of the people of retirement age still require the large salaries to make it payday to payday, let alone retire. Many people are now saying that the market has made back the losses of 2009, but if you exclude the stocks for companies that went bankrupt (GM, Chrysler, etc.) that had no value and take out the replacement stocks, the DOW is still in losing territory. When people lost all their money invested in GM, Chrysler, etc. type stocks it was a physical loss that was not made up.
Only if there were an equal number of baby boomers and young people. Didn't you know the birth rate has dropped sharply? There are fewer and fewer young people.
Ping!
That’s part of why both parties are panting over all those Mexicans crawling over the border, because they think the influx of illegals (if legalized and taxed) will somehow keep the entitlement Ponzi schemes afloat for a while longer.
Yes, birth rates have dropped from the levels of the baby boom years of 1946-1964. However, those who are retired are not counted as “in the workforce”, but the participation rate is dropping anyway.
And more and more liberals (communists and socialists) among them.
See... McDonald’s asking for degree to be cashier (an no I am not kidding...)
They loosening mortgage rules again. Asked and answered.
We need to reverse off-shoring.
We have sent millions of jobs to China.
What did we expect to happen?
"The share of the working-age population in the labor force, known as the labor force participation rate, fell to 63.3 percent, the lowest since May 1979."
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