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Topic: Huge Job Losses Could Be Signal That Worst Is Over (LMAO)

osubucks30
Member

posted

Link:
http://www.cnbc.com/id/28069440

"The sky has fallen. The sun also rises.

If there was ever a time to remind investors that the labor market is a lagging economic indicator, economists say today is such a day. Once the knee-jerk, doom-and-gloom reaction is over, something resembling optimism will prevail with the conclusion that the worst is over for the economy."

Got to love CNBC they just want the worst to be over. One of these times they will get it right!

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osubucks30
Member

posted

Not only were the job numbers horrible but Home loan troubles break records again.

Link:
http://biz.yahoo.com/ap/081205/home_foreclosures.html

Going to be hard to get the housing problem fixed with people losing jobs left and right. They say even prime loans in default are rising!

Another article from bloomberg:
http://www.bloomberg.com/apps/news?pid=20601087&sid=a37uyBrX6dvY&refer=home

"The bankers’ report cites percentages without providing the number of mortgages. The U.S. had $11.3 trillion of outstanding home loans at the end of June, according to Federal Reserve data. Mortgage lending fell to $80.8 billion in the second quarter, down from $764 billion a year earlier, the Fed said."

Wow people are not using the house as an ATM anymore!!

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osubucks30
Member

posted

Thing to think about when it comes to the mortgage market. It is actually pretty scary.

Link:
http://www.cnbc.com/id/23902475

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glassman
Member

posted

i just did a small but important show this weekend.

serious artists/crafters only, and juried by other serious artists crafters for acceptance. significant admission fees to enter

25 to 30,000 invitations were sent out, 4,000 people payed to come.

it was my first time at this show and i am very pleased by the results, but the "oldtimers" said they were down about half on their gross.

none of the artists seemed to be the least bit desperate tho. remember that these are all people that do it all (make it and sell it) themselves..

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Don't envy the happiness of those who live in a fool's paradise.

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Upside
Member

posted

I'm buying a tavern. Not a sports bar or anything like that, rather a dark, smoky hole in the wall where people on hard times will spend even more of their disposable income than they usually do.

After that, a funeral home is next on the list where I'm sure I'll say a fond farewell to some of the above patrons.

Recession? Maybe. Opportunity? Hell yes!

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glassman
Member

posted

you just want some place to hang out where they can't kick you out for acting like you own the place [Big Grin]

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Don't envy the happiness of those who live in a fool's paradise.

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Peaser
Member

posted

Huge Job Losses Could Be Signal That Worst Is Over (LMAO)

exactly...

I wonder how the December numbers will be?

We've got at least 6 months of higher than average job losses coming IMO.

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Buy Low. Sell High.

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buckstalker
Member

Member Rated:

posted

quote:
Originally posted by Peaser:
Huge Job Losses Could Be Signal That Worst Is Over (LMAO)

exactly...

I wonder how the December numbers will be?

We've got at least 6 months of higher than average job losses coming IMO.

Hmmmm...maybe it has something to do with Americans NOT buying American....

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It's all in the timing...

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Peaser
Member

posted

Hmmmm...maybe it has something to do with Americans NOT buying American....

Nope, It has to do with Americans and other countries not buying much of anything, other than gasoline...

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Buy Low. Sell High.

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Peaser
Member

posted

More jobs shippin' off to China:

http://www.syracuse.com/news/index.ssf/2008/12/syracuse_china_to_close.html

If anyone is intelligent in antique china, Syracuse China is the low man on the totem pole so to speak.

300+ jobs to be lost in 2009.

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Buy Low. Sell High.

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buckstalker
Member

Member Rated:

posted

Here's a novel idea...DON'T buy syracuse china made in China...

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It's all in the timing...

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