Nov 7 2009
Employment Engineering: Firing those who Work with Their Hands. Finance, Insurance, and Real Estate Jobs Protected by Bailout Structure. Other Sectors Dealing with Depression Trends.
It is hard to imagine why Wall Street would cheer a 10.2 percent official unemployment rate since the stock market actually ended the day higher after this dismal news. Since the start of the recession, 8 million people have lost their jobs. A total of approximately 27 million people are unemployed, underemployed, or have given [...]
Nov 5 2009
If Incomes are Down, Where is the Economic Spending coming from? Industrial Production Still Lower, Credit Contraction, and Average Work Week at Record Low. Wells Fargo Considering Converting Option ARMs to Interest Only Loans.
With 8 million jobs lost in this great recession, it is rather surprising to see so many people enter into a deep capture mode of believing in a quick and efficient recovery. If we look at data in the misery index, the average American has a hard time swallowing the jagged economic recovery pill. They [...]
