Middle Class Job Losses Batter Economy

Associated Press | January 2 2006 | Associated Press and Vicki Smith

[Havoc]

LOL, did you say something np?

[Ciexyz]

My sympathies for those workers who are losing their jobs. It's a terrible position in which to find themselves.

[nopardons]

Then do so and stop engaging in base class warfare and senseless, hyperbolic posts!

[Havoc]

Actually it is a pejorative - kinda like "treason lobby" is an intended slap. The only way you guys get it is if we're "strident" and mouthy as you are, apparently.. then you all become busy little bees trying to get everyone to calm down and remove their brains and just "let it slide".

[eeevil conservative]

while I hate that people lose their jobs, unfortunately these people did just find themselves here... they actually earned it....

[hedgetrimmer]

What class warfare?

[television is just wrong]

Would someone explain how the heck the unions got into state employees business?????????

The Unions become a real problem sometimes.

[eeevil conservative]

LOL! YIKES! CORRECTION: They did NOT just find themselves here-- they actually earned it....

[nopardons]

Nope, you aren't alone at all...Marx and Stalin and all Socialists and Marxists and anti-Capitalism loons curse the eeeeeeeeeeeeeeeeeevil stock market and those who own corporations and the rich.

Of course, Comrade, you believe, with all your heart and soul, that someone with few skills, little education, and no desire to better themselves should get the largest share of the profits. Heck, what do CEOs and shareholders do anyway, but "stick it to the "little guy"? /sarcasm

[hedgetrimmer]

And the way to really strike it big is to be handpicked to mismanage a company, take a golden parachute, then wait in queue for your next opportunity to do the same

California's university system also works this way. MRC Greenwood one fine example.

Come to think of it, the last several school superintendents in our district were hand picked, mismanaged the district and school construction projects, were handed a golden parachute and then went to work for another district shortly afterword. No references checked.

[Sunnyflorida]

Gee, don't go all psycho. It is not a lecture but it is a lesson (I wont give credentials 'cause it is just tooooo cheeky). Working in an F10 firm says nothing about knowledge of capital markets. In fact the bigger the firm the less likely any one EMPLOYEE knows squat about capital markets. Whenever credentials are being tossed around you know it time to roll up the pants too late to save the shoes.

Quarterly reports are a MAJOR critical factor of liquidity. Investors demand the feed back. In fact trading time frames are much, much shorter. Quarterly reports are just a benchmark. Real trading is based on mere perceptions of future results (upgrades downgrades are an example.) Just ask yourself this question; if quarterly reports don't matter why is there some much trading between 10Ks?

If people only cared about annual results and did not care about short term deltas in earnings perceptions then investors would not trade in and out. They are trading because they change their mind about result expectations. The faster the minds change the more the stock trades. Look at days when everybody is wrong and the company misses. The stocks will trade massive quantities.

Liquidity and trading volumes are tightly linked. A stock that trades is considered to be liquid. If there is no trading there is no liquidity and vice versa. What drives most of this trading is changing perceptions of what the quarterly report will be.

Its chumps like you (long term investors) that pays my bills. Look at all the major indexes this last year. Pretty much flat but if you knew what you are doing there was money to be made, even in the indexes. This concept of buy and hold is dopey. But thankfully for me there are those out there that see a problem with quarterly earnings reports and THINK there is something wrong with frequent feedback to investors.
Do you also want a lesson on volatility?

[nopardons]

LOL, LOL, LOL

[nopardons]

Why yes, I did. Do get your keepers to read and explain my post to you; dear. :-)

[Ciexyz]

they actually earned it

Au contraire, nobody earns bad luck, bad fortune, or a job loss. These people took a job at the prevailing wage. Would you turn down the opportunity to make $75,000 to $100,000 a year? What do you make, and do you feel it's just compensation? What if I say you're not worth that much, take a job cut? What would you do if your job was cut and people said, those greedy workers "earned it"? Different story, I'm sure.

[Havoc]

Re: your tag line. I'm not buying it.

That's fine, It's mine and it isn't for sale. lol

[nopardons]

Your brain was removed long ago...what else could possibly explain your posts? :-)

What is posted to FR, for the most part ( and more specifically, what you and your ilk have and continue to post on this thread ) has less than nothing whatsoever to do with real life, nor consequences therein. You imagine, in that fetid and fevered brain of yours, that you are slapping around your "foes". Instead, all that you have done, is to yet once again, expose yourself for who and what you are. :-)

[nopardons]

Read the entire thread. Read your posts. Then, get someone else to read it all and explain it to you.

[eeevil conservative]

sweety- the UNIONS have earned this....

[Havoc]

I was speaking in general terms. When you have a system go down in any manufacturing environment, depending on what the system is, you can shut down an entire facility in nothing flat. Anyone that has worked in such an environment knows that shuttting a line down for a few minutes mounts up costwise very rapidly. I worked in meatpacking years ago - where losing a 40 foot conveyer for 30 minutes cost the plant millions. You live or die by deadlines, contracts, overhead, etc. So, being down is a major expense. And when your Just in time system fails and you can't label goods, reconcile inventory, load a truck, etc for an hour... delphi loses mega bucks.

[streetpreacher]

I think the batter economy is doing just fine. IHOP certainly seems to be flourishing...