34 million Americans are currently unemployed

Using obama admin logic, rising unemployment is the sign of improving economic conditions because it encourages govt spending and everybody knows the more the govt spends the richer we all get.

So lets hear it for ever higher unemployment: hip hip hooray!
 
Quote from Scataphagos:

So... what is to be done about them?

As we go forward, we will find there will not be a job for everybody... "minimum wage type" or otherwise. We have too many people, not enough jobs. (The downside of "productivity" in the US and "globalization" elsewhere...)

Will the government have a perpetual dole program for all the long-term unemployed?... a further [permanent?] drag on the private enconomy?
More...


Last I heard unemployment benefits had been extended to 99 weeks. :eek:

http://blogs.wsj.com/economics/2009/11/06/unemployment-extension-adds-up-to-99-weeks-of-benefits/
 
Quote from Index piker:

Using obama admin logic, rising unemployment is the sign of improving economic conditions because it encourages govt spending and everybody knows the more the govt spends the richer we all get.

So lets hear it for ever higher unemployment: hip hip hooray!
More...

hip hip hooray ! hip hip hooray !
 
the volume is constantly contracting....this rally is long in the tooth. the banks are back at it...selling derivatives....so much for regulation. we will get another jolt. wait for it.
 
I would swear last year there was a small problem with world financial markets due to excess liquidity.

So what does the fed and world banks do, drum roll please... keep interest rates at zero for the foreseeable future!


Gee maybe my memory is bad or they are now saying they were wrong last year.
 
Quote from Scataphagos:

So... what is to be done about them?

As we go forward, we will find there will not be a job for everybody... "minimum wage type" or otherwise. We have too many people, not enough jobs. (The downside of "productivity" in the US and "globalization" elsewhere...)

Will the government have a perpetual dole program for all the long-term unemployed?... a further [permanent?] drag on the private enconomy?
More...


in a word self interest nationally,

more commonly known as protectionism....
 
To Everyone,

What are your views on the present economic scenario?

Do you all think Dow Jones will sustain its current levels for a long term? Is any correction/corrections expected shortly?

We look at the factors like Weak US$ and the prices of Gold plus the stiumulus provided by the FED.. Does it all sum up to another bubble in formation?

OR Is the economy taking a 'V' Shape recovery?

All views welcomed and highly appreciated.
 
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