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ScrewUpgrading

Economic Depression

4 posts in this topic

Who else thinks that we're headed for a Great Depression... or at least Japan-style stagnation? Anyone?

just look at all the trends, they're all pointing down despite whatever flash-in-the-pan gains are made on Wall Street. I think all that stuff is B.S. anyway.

So a couple of fortune 500 companies stock goes up, what does that say? Did they create more jobs in Singapore? More telemarketer jobs in India?

I don't understand how the status of a multinational corporation, which half the time doesn't pay taxes thanks to all the loopholes, is a reflection on the real economy. Main street doesn't have anything to do with Wall Street.

Plus the "unemployment" stats are nothing but lies. They don't even count the people who gave up looking for work, like me.

Anybody need to hire a hit man? LOL.

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Truthfully there's all kinds of lies and double-speak behind these numbers. When you see a "journalist", expect lies if their lips are moving. Pretty good rule. Like with these unemployment numbers, there's actually a set of 4 which changes based on what people they add (part time seasonal or "unemployed but actively seeking employment" or "out of labor market" for examples). The one they choose to report changed with Shrub to one of the lower figures. Whatever they report for an unemployment figure, double it and you're getting in the ballpark. This is especially true since their definition of "out of the labor market" is very restrictive (not sought a job (read INTERVIEW for one) in 4 weeks and without a job for 12) beyond the obvious stuff (in armed forces, prison, a housewife, etc).

Really the adjustment to lower numbers is like Shrub calling McDonalds McJobs "manufacturing positions".

It's all bollocks.

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:no:

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