alphieb
DP Veteran
- Joined
- Nov 13, 2005
- Messages
- 1,982
- Reaction score
- 31
- Location
- Vincennes IN
- Gender
- Female
- Political Leaning
- Liberal
ngdawg said:Headed? Gas prices are rising again, housing is through the proverbial roof, beef is only for the rich and the wantads cover half of the number of pages that they covered a year ago. Not to mention the increased deductions from our paychecks, the lack of work that would enable OT and increased hours....
Headed? Honey, we're IN it from where I sit.
Lantzolot said:Gas rising!?! NO! Its only been rising for the last century.
Perhaps the want ads cover half the pages that they covered before because everyone can afford new items rather than used? or that maybe employers are satisfied with their employees? I dont know maybe your local economy is going down the drain but nationwide it is looking good to me.
alphieb said:Things look a littled assorted to say the least for our economy. What do you think next quarter results will show? Recession or not.
I meant the want ads re: jobs...and no one I know has a decent one, many of us have had to settle for part time low-paying ones.Lantzolot said:Gas rising!?! NO! Its only been rising for the last century.
Perhaps the want ads cover half the pages that they covered before because everyone can afford new items rather than used? or that maybe employers are satisfied with their employees? I dont know maybe your local economy is going down the drain but nationwide it is looking good to me.
Harshaw said:Why, I read a Reuters story in the New York Times just a week or two ago warning of the -- get this -- dangers of full employment.
Mikkel said:There have been serious economic studies that suggest that full employment CAN be a bad thing. (I can't give you any links because I read them a long time ago and don't have them at my disposal)
Basically, the theory goes that if unemployment falls too much below 5% then the available workforce is too small to support a growing economy. Startup businesses are stunted because they can't afford to pay new employees very well, and therefore cannot find enough people looking for jobs.
This theory is good and bad for both sides of the political spectrum. If such studies hold true, then it somewhat justifies that conservative governmental layoffs can be good for an overemployed economy (i.e. Margaret Thatcher and Redundancy, to put an international spin on it). On the other hand, if it is GOOD to have an unemployment rate of around 5%, then Liberals are able to justify a Welfare system to support the unemployed 5% of the population.
Since the Unemployment rate was around 4.9% last month, it will be interesting to see if the theory holds true.
also, fyi, just because something is printed in the NYT doesn't mean you should think it's BS. Just as when I read the Wall Street Journal, I try not to judge too quickly; try not to let your personal bias outweigh that of the media.
Harshaw said:I didn't say it was BS, and I understand the arguments.
My point is that if they're running stories about the dangers of full employment, it means unemployment is very, very low.
Navy Pride said:No matter how much the democrats try to talk to down the economy it is booming:
Navy Pride said:1. Interest rates are still at a 50 year low.....
Navy Pride said:3. Unemployment is at a 25 year low.....
Navy Pride said:4. More people own their own homes now then in any time in history..
Navy Pride said:5. The GNP is at a all time high
alphieb said:Things look a littled assorted to say the least for our economy. What do you think next quarter results will show? Recession or not.
Mikkel said:An interesting side note that I saw in the news today was this report that Americans are saving much less than they have in the past 70 years. In fact, we're spending more, on average, than we earn. This is a phenomenon that hasn't been true since the Great Depression. I'm not saying that this has a direct correlation to whether or not we're in a recession, but I don't think any economic similarities between today and the Depression is such a good sign.
http://www.mindfully.org/Reform/2006/Americans-Saving-Less8jan06.htm
The Real McCoy said:What about Libertarians? Or does anyone opposed to any views of Rush Limbaugh fall under liberal/democrat?
The Fed raised rates like 13 times in the last 3 years.
More like a 5 year low...
More people are alive than at any time in history.
So is our population.
Stinger said:I heard the story on the radio and noted they were saying that "after tax savings" are at a low rate. I assume that means after 401K and IRA's funded. Those two are the two largest means of savings for most people, in fact 401K's now outpace pension plans as far as how much money is plugged into them. In fact more people are invested in them market than at any time and more and more middle clase are invested. My wife and I by a hugh amount put more money in both our 401k's and IRA's, our after tax savings is only to maintain an emergency fund for sudden expenses. So I'm not sure what exactly this study was citing.
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