JOBS DISASTER

New York Post ^ | January 10, 2004 | PAUL THARP

[sarcasm]

January 10, 2004 -- A big hole is tearing through the economy's sails, knocking Wall Street for a loop and dimming optimism for 2004.

The damage began yesterday when dismal employment numbers triggered an economic chain reaction that tore across markets and stunned even the most pessimistic economists.

[Lazamataz]

Good, stay in Connecticut. Anyone who relies on economic hearsay, printed or otherwise, deserves their self made fate.

I swear, if you mess with harpseal right now, I will give you such a hit.

[sinkspur]

No spending cuts I suppose. We'll be bankrupt by the time Bush leaves office.

Your continued attempts to turn this place into Democratic Underground are not working.

[sarcasm]

Your continued attempts to turn this place into Democratic Underground are not working.

You're the leftist around here.

[sinkspur]

You're the leftist around here.

LOL!!! You're a disrupter, sarcasm, and you always have been.

[attiladhun2]

I find that figure of only 1,000 new jobs for the entire U.S.A. in the month of December to be completely ludicrous. I think there were more new jobs than that just in the Riverside, CA area. Methinks these figures are suspect, at best, and why the hell out in left field at worst.

[Leisler]

One of the growing rackets here on the Cape is that any structural wood framing for light residential, now needs a engineers stamp. Get this. Guy calls me up in Harwich. Wants his old, off the slider deck riped off, and a larger one applied. About thirty, but no more, inches off the ground. Town demanded elevations of the new deck, not the plans, or the design but just to transit sight and signed by an ticketed CE. $1,300.

This is for a move your chair and drink deck. WTF. The engineers are become the lawyers of my time. Hand out, all for ginning up the cost of everything. Just becoming another over paid paper-pusher, providing no productive value. A sad and sorry end for a noble profession.

[ladyjane]

Here in eastern Massachusetts the unemployment rate is zero. . .jobs go begging

Please try to peddle that to people who are from outside the area.

Agree with you harpseal. I am from eastern Massachusetts. The employment situation is grim and the cost of living is still high.

[Elliott Jackalope]

"They are right. Nexyt week will be a disater for the markets. The dow may shed a thousand points. The dollar could go to 130 against the Euro. It will not be pretty."

I disagree. The Fed will walk in and buy everything on the board. The market will rally and the Dow will go up to 12,000 and beyond. Of course, the dollar is going to drop like a rock, being as the Fed is printing them so fast the presses are smoking. Once the rest of the world figures out that dollars are no longer backed by anything or worth anything, look out.

Pretty soon they'll be printing "10x" and "100x" stamps on paper notes, so that a dollar bill will be worth 10 or 100 dollars, and a hundred dollar bill will be worth 10,000. Then you'll take your shiny new 10,000 dollar bill down to the local quickie mart, and walk out with a pack of chewing gum. Weimar Germany here we come!

[sarcasm]

Bush fiscal responsibility:

[attiladhun2]

There are plenty of jobs out there. Some people are just too proud (or maybe lazy) to work with their hands at a lower paying position.

[riri]

Now you are a disruptor. LOL. That's comical.

[Squantos]

WHOOOOO HOOOOO !!

All that hot tubbin, beer samplin an nekid wimmin swimmin time was sappin yer health Harpseal ! A Mans gotta pace himself when he gets the sniffles !

Glad yer feeling a bit better Friend !.......Stay safe and hope you get better soon !

[riri]

No spending cuts I suppose

He just asked for 2 billion more for the black hole called education.

[Elliott Jackalope]

"What field? Just from buzz, seems like nanotec is starting to take off with small manufactures, pharmaceuticals, material companies. I don't know much about it, but it reminds me of the beginnings of the PC industry."

There is one big difference. Twenty five years ago when the computer industry was really starting to take off, companies were willing to take people off of the streets, test them, and if they passed then they would train them in how to use computers and how to do various hi-tech jobs.

Those days are long gone now. When companies need hi-tech workers they just call the local H1-b job shop and get a crew of East Indians and Chinese engineers. They work cheap, and don't complain when forced to work free overtime. Just dangle a green card in front of them and they'll do whatever you ask. It's just sick.

[sarcasm]

Two billion, ten billion there - hey, it's only the taxpayers money.

[hedgetrimmer]

Get well soon. We missed you.

[RaceBannon]

I believe it is what someone said earlir

some got laid off, some got hired

the difference is 1000 more were left over with jobs, vs those that got laid off

[Reeses]

The sell-off threatened to push stocks into negative territory for the first full week of the new year. The Dow ended just 0.5 percent higher, the S&P 500 was up a scant 1.2 percent and the Nasdaq was ahead 4.0 percent.

This is a pretty pessimistic take on an up week. If this "scant" increase continues, after one year the Dow will be up 30%, S&P 500 up 86%, the Nasdaq 669%. It must be an election year for an increase to be spun into a negative.

Never follow investment advice on FR. Conservatives are too pessimistic for their own good.

[sinkspur]

Never follow investment advice on FR. Conservatives are too pessimistic for their own good.

Exactly. Gloom and doom while the DJIA is up 25%.

[Leisler]

PC are now commodities. I remember people arguing about who had a better machine, Compaq, Digital, IBM, etc. Now, who cares? So, at one time money was flush, company cafeterias, Friday hold hand sing Kumby-ya. Now they are ground out in some mainland plant and a name is slaped on them. The gold rush is over. Same with whaling, shipping ice to Jamaica, sending cash by Western Union and countless occupations. However, people want more, better, faster and stuff that isn't even thought of yet. Someone is going to invest, others build and others sell. I'm with Reagan, betting on the future.