Sallow
The Big Bad Wolf.
Been following the market for quite some time. While it's been very volatile, the NYSE has been hovering between the 11,000 - 12,000 range for quite some time. Earnings reports from big corporations have been pretty good. In fact some companies are doing quite well.
But even with the big profits, hiring has been dismal. In fact, without the Stimulus package that provided funding for a good many construction jobs, there would have been little or no new hires. And it looks like employment will not only be a "lagging" indicator but a "non-existent" indicator.
Some time ago I put up a thread in another forum that basically said that many industries are not hiring because they participating in a "de-facto" hostage taking of the economy. That they were looking for more regulation and tax cuts. As well as a paradigm shift that is occuring where profit is maximized by:
1. Hiring overseas.
2. Having a smaller work force working longer hours for less pay and benefits ( Contract work).
3. Using methods like buying back stock and layoffs to show liquidity.
Looks like these practices are continuing. But it also looks like the system is getting stressed. I had also predicted that the unemployed and under employed would act out eventually. So far it's been very mild. But it is my hope that it stays that way and companies get the memo.
But even with the big profits, hiring has been dismal. In fact, without the Stimulus package that provided funding for a good many construction jobs, there would have been little or no new hires. And it looks like employment will not only be a "lagging" indicator but a "non-existent" indicator.
Some time ago I put up a thread in another forum that basically said that many industries are not hiring because they participating in a "de-facto" hostage taking of the economy. That they were looking for more regulation and tax cuts. As well as a paradigm shift that is occuring where profit is maximized by:
1. Hiring overseas.
2. Having a smaller work force working longer hours for less pay and benefits ( Contract work).
3. Using methods like buying back stock and layoffs to show liquidity.
Looks like these practices are continuing. But it also looks like the system is getting stressed. I had also predicted that the unemployed and under employed would act out eventually. So far it's been very mild. But it is my hope that it stays that way and companies get the memo.
Last edited: