Great Recovery Update (October 19/2009)
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I am out of a job since feb of this year i worked for 3months as a consultant that is it. no phone calls nothing. I am sick of the medias BS. they dont have the facts.
2 years ago 5
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I guess you noticed most of the increase in profits are coming from the reduction in jobs. The profits will be short term. The buying ability of the general public will continue to erode. I think you can see whats coming!
2 years ago 3
All Comments (67)
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I used to maintain a computer lab in an economics department where economics professors gave lectures to a bunch of uncaring people who want a degree (even more paper). Sometimes they'd come to me and talk about how the math is really hard in that course. Its really hard to take that seriously as an engineering grad. Your math is hard? seriously? lulz. "oh i bet!"
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Good thinking!
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I don't put much faith in the Mayan Calender. Besides, It's not ending really, just resetting.
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several MORONS out there making vids that believe that we are seeing recovery because of the current rise in the Dow. Of course these people do not understand the stock market is one of the most manipulated institutions there is. Certain "circles" can manipulate the hell out of the market to make it seem like it is doing well. Furthermore, this is not indicative of the real economic situation when all is considered. The ones posting these vids claim to have "degree's in finance" , SCARY!
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It´s allways hard when a empire start to break a part.
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your right on D ( follow the money )
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thank you!
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Watch for W recession when the stimulous money runs out. In a few months, the Dow will start dropping. and maybe it's already started. Employment will take years to recover to offset the population growth. employment usually LAGS in recoveries. Economics 101.
Lockemeister 2 years ago
How can we use employment as a lagging indicator when this is the first recession we have had in the truth age only 3.2 years before the mayan calendar ends.
endlessmountain 2 years ago
25th of October is a Sunday. What drama happens on a Sunday? O.o
TilveranNavarre 2 years ago
a lot actually. This is when the the big stuff goes down behind the scenes including bear stearns fall.
endlessmountain 2 years ago