tag:blogger.com,1999:blog-6616959642391988608.post2562691323835806390..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Jobs report beats expectationsScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-6616959642391988608.post-17514760674988328682012-02-03T22:03:12.671-08:002012-02-03T22:03:12.671-08:001.2 million went off the rolls of people looking f...1.2 million went off the rolls of people looking for work. A record for one month. The unemployment rate is a farce.Bobhttps://www.blogger.com/profile/18190525712352815677noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-61569821680456537162012-02-03T12:00:06.089-08:002012-02-03T12:00:06.089-08:00Thanks Scott. :-)
In my many years of following e...Thanks Scott. :-)<br /><br />In my many years of following economics as a hobby, I've learned you can study initial unemployment claims, and that'll cover about 80% of what you need to know.<br /><br />Back in August when the market was crashing I could tell, based on initial claims, we were not headed for a recession, so I bought a bit of DuPont on the dip. Paying off well recently.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-86713696700367281322012-02-03T11:56:27.251-08:002012-02-03T11:56:27.251-08:00Hi Unknown, the good news is that the ungoing and ...Hi Unknown, the good news is that the ungoing and extended devastation of the "recovery" is still a work in progress that is providing very real opportunties to acquire the best income-earning equities in America at bargain prices -- those with cash and skills are winning right now -- everyone else will have to muddle through the coming decade the best they can -- that's fine with McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-29505394070339579342012-02-03T10:38:54.413-08:002012-02-03T10:38:54.413-08:00"Unknown" now joins the ranks of the ind..."Unknown" now joins the ranks of the independent Apple analysts who have managed to make the professional analysts look like amateurs. In the Internet Age, no one has an information edge.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-29350497685180065502012-02-03T09:58:20.516-08:002012-02-03T09:58:20.516-08:00Told ya (2nd comment of mine)
My back-of-the-enve...<a href="http://www.blogger.com/comment.g?blogID=6616959642391988608&postID=9078547146267025050" rel="nofollow">Told ya (2nd comment of mine)</a><br /><br />My back-of-the-envelope calculation was off by 100K, but the number was still much larger than most people (except me) were expecting.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-41303445077753121542012-02-03T09:51:22.434-08:002012-02-03T09:51:22.434-08:00A fresh idea about work: My 29 yo nephew, an Irish...A fresh idea about work: My 29 yo nephew, an Irish American, applied for a job in Hong Kong.<br /><br />He has no money but the girls love him. He actually took two out at the same time so they could split the cost of the date.<br /><br />Young men not interested in health care or education jobs should look to Asia for seeking their fortune.Squirehttps://www.blogger.com/profile/14088030568579672500noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-34777867950890567472012-02-03T09:50:09.308-08:002012-02-03T09:50:09.308-08:00Wow, still lots of negativity in these comments. ...Wow, still lots of negativity in these comments. <br /><br />The Private Sector Non Farm Employment chart tells me all I need to know. Jobs are being added at a pace equal to or greater than the recovery following the 2001 recession and appears to be accelerating. <br /><br />Whether these numbers are "meaningful" or "at my desired pace" is irrelevant. The trend is there.L.A.https://www.blogger.com/profile/17235323298066514444noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-26050436490186568512012-02-03T09:34:44.653-08:002012-02-03T09:34:44.653-08:00High unemployment is normal now.
Low participation...High unemployment is normal now.<br />Low participation is normal now.<br />Government will stay big and crony capitalism will rule.<br /><br />Vote against the status quo but flow with it.Squirehttps://www.blogger.com/profile/14088030568579672500noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-92151521513392147702012-02-03T09:16:04.139-08:002012-02-03T09:16:04.139-08:00PPPS: By the way, the US employment to population ...PPPS: By the way, the US employment to population ratio for January 2012 is still stagnating at around 58%, down sharply from 64% in 2000 -- more at:<br /><br />http://wjmc.blogspot.com/2012/02/us-employment-to-population-ratio-in.html<br /><br />The emerging global economy has not yet figured out the future of employment -- again, fresh ideas about "work" are sorely needed -- there McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-544737161928834212012-02-03T09:12:51.727-08:002012-02-03T09:12:51.727-08:00And inflation is dead. The Fed has room to make i...And inflation is dead. The Fed has room to make it grow---but will the Fed dither and embrace the feeble side of its nature?Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-12239811921959960242012-02-03T09:12:03.105-08:002012-02-03T09:12:03.105-08:00PPS: Income taxes in the US, both corporate and in...PPS: Income taxes in the US, both corporate and individual, should be abolished -- the government needs to find other ways to fund itself -- political scientists should get to work on finding new governmental funding models now -- everything we know as "government" today is obsolete -- we need to start over with fresh ideas...McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-23606876305367911592012-02-03T09:08:58.920-08:002012-02-03T09:08:58.920-08:00My personal recession indicator is now at its best...My personal recession indicator is now at its best level in over 5 years....Meaning we are far way from a recession with plenty of room<br />to grow with a Postponable Purchases to GDP ratio at 17.5% versus a 60 year average of 20.5%broderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-15762799570282997202012-02-03T09:07:39.342-08:002012-02-03T09:07:39.342-08:00PS: Government needs to figure out how to exist on...PS: Government needs to figure out how to exist on half their current budgets -- I am confident that technology can be leveraged that can automate most of government -- during the coming century, most of government will be eliminated -- our nation's goal should be to reduce government employment by 90% before 2050 -- by that I mean the automation of teaching, all administrative roles, and allMcKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-6512016064991394402012-02-03T08:56:47.916-08:002012-02-03T08:56:47.916-08:00Unfortunately, the employment numbers are still fa...Unfortunately, the employment numbers are still far to low to be meaningful -- what is needed is not hundreds of thousands of new private sector jobs, but rather millions of new private sector jobs -- this could be accomplished by laying off every other public employee right now -- we need to be dealing with much bigger changes for any of the employment numbers to have any effect on reversing theMcKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.com