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Thread: Private job losses mount, ominous for payrolls

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    Thumbs down Private job losses mount, ominous for payrolls

    Private job losses mount, ominous for payrolls | Markets | Hot Stocks | Reuters

    Flash estimates say another 700.000 jobs were lost in the US in December, making a probable new unemployment rate at the end of the year 2008 of 7.3%...

    How horrific..

    the US unemployment has now cought up with Europe, and is predicted to race by in a hurry. Europes unemployment has for a long time been in the 7ish % area, while that in the US was as low as 3.8% at the same time..

    I actually told all of you guys this some years ago, that it would happen, in some of my posts.. But no, you wouldnt listen..

    Atm, I would not be surprised to see a future total economic collapse in the US, especially as a result of other bad news that your government is going to have a 2 trillion$ deficit on the federal budget next year. Tax incomes in the US are 2.6 trillion. So 2 trillion in deficits seems quite scary. People will just rush to wherever they can to have their US assets withdrawn, which will again lead to further decline..

    I fear you are stuck in a bad downward spiral, which seems unlikely it will ever stop. And you are dragging other economies with you, Europe for example who is also experiencing economic setbacks, and China with slower growth, while the overall world economy will only grow around 2.5% next year.
    Europe is illegally occupied by the US

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    Re: Private job losses mount, ominous for payrolls

    Quote Originally Posted by Maximus Zeebra View Post
    Private job losses mount, ominous for payrolls | Markets | Hot Stocks | Reuters

    Flash estimates say another 700.000 jobs were lost in the US in December, making a probable new unemployment rate at the end of the year 2008 of 7.3%...

    How horrific..

    the US unemployment has now cought up with Europe, and is predicted to race by in a hurry. Europes unemployment has for a long time been in the 7ish % area, while that in the US was as low as 3.8% at the same time..

    I actually told all of you guys this some years ago, that it would happen, in some of my posts.. But no, you wouldnt listen..

    Atm, I would not be surprised to see a future total economic collapse in the US, especially as a result of other bad news that your government is going to have a 2 trillion$ deficit on the federal budget next year. Tax incomes in the US are 2.6 trillion. So 2 trillion in deficits seems quite scary. People will just rush to wherever they can to have their US assets withdrawn, which will again lead to further decline..

    I fear you are stuck in a bad downward spiral, which seems unlikely it will ever stop. And you are dragging other economies with you, Europe for example who is also experiencing economic setbacks, and China with slower growth, while the overall world economy will only grow around 2.5% next year.
    Dude . . .

    We SO get it.

    America sucks. Yes. We know. Get a frickin' new song already.

    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: Private job losses mount, ominous for payrolls

    Quote Originally Posted by Harshaw View Post
    Dude . . .

    We SO get it.

    America sucks. Yes. We know. Get a frickin' new song already.

    No, you dont suck, but your crisis is so much huger than you can imagine. And you are throwing a combination of gasoline and wood on the fire.
    Europe is illegally occupied by the US

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    Re: Private job losses mount, ominous for payrolls

    Quote Originally Posted by Maximus Zeebra View Post
    No, you dont suck, but your crisis is so much huger than you can imagine. And you are throwing a combination of gasoline and wood on the fire.
    Really? How "huge" do we "imagine it"?

    Never mind; you don't have a clue. Your pony show has one trick, and it's getting pretty played.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: Private job losses mount, ominous for payrolls

    Quote Originally Posted by Harshaw View Post
    Really? How "huge" do we "imagine it"?

    Never mind; you don't have a clue. Your pony show has one trick, and it's getting pretty played.
    Wow, all you Americans can do every time someone mention something negative about the US, justified or unjustified is pointing a finger at that someone as "anti-American".. No wonder that your downfall is faster than ever if thats the general attitude, just listen to yourself and never to anyone from the outside, thats just a very bad attitude which will only be further cause for bad things.

    I am European, I want nothing more than for America to be stable and successfully, thats my only wish for American, other than that it is not really a concern of mine. Is that anti-American? Is giving warning anti-American?

    If a drug user is warned by his friend that drug abuse is bad and that he MUST stop, then he will probably react in a very bad way, even reject the friend, but the reality is still that the person is using drugs, and that the person who is warning him is just actually trying to help, not hurt him or say that he is stupid.
    Last edited by Maximus Zeebra; 01-07-09 at 05:57 PM.
    Europe is illegally occupied by the US

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    Re: Private job losses mount, ominous for payrolls

    Quote Originally Posted by Maximus Zeebra View Post
    Wow, all you Americans can do every time someone mention something negative about the US, justified or unjustified is pointing a finger at that someone as "anti-American"..
    No. We simply reserve it for those who can post nothing but.
    “Offing those rich pigs with their own forks and knives, and then eating a meal in the same room, far out! The Weathermen dig Charles Manson.”-- Bernadine Dohrn

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    Re: Private job losses mount, ominous for payrolls

    Quote Originally Posted by Harshaw View Post
    No. We simply reserve it for those who can post nothing but.
    Then I suggest you start reading my posts. I would say 5% of them is real anti Americanism(criticism of attitudes and nation without reason), then an additional 15% perhaps could be conceived as anti American even though they arent. Then an additional 20% arent anti American at all, and could only be conceived as anti-Americans by people who is seeking to brand everything that isnt 100% positive about America as "anti-American". The remaning 60% doesnt really have anything to do with America in general, and most of those doesnt even mention America.
    Europe is illegally occupied by the US

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    Re: Private job losses mount, ominous for payrolls

    Quote Originally Posted by Maximus Zeebra View Post
    No, you dont suck, but your crisis is so much huger than you can imagine. And you are throwing a combination of gasoline and wood on the fire.
    How? we elected Obama, and huge overwhelming democrat majority....Thing will recover...or so I have been told.

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    Re: Private job losses mount, ominous for payrolls

    Quote Originally Posted by DarkWizard12 View Post
    How? we elected Obama, and huge overwhelming democrat majority....Thing will recover...or so I have been told.
    How? By him accepting that the US government will run a deficit which accounts to huge parts of tax income, and in addition burn away 800 billion dollars in the rescue package, which since the US government is taking on more debt and have a huge deficit already will be hugely counterproductive. What the US ACTUALLY need to do is bring back faith in the US economy at home and internationally, that they could do by running a permanently fiscally responsible government and try somehow to close the gap between exports and imports.
    Sure, US housing is better than anywhere in the world, but what does that matter for foreign investors? They look at the total economy, and if the government runs a 2 trillion dollar deficit on a 4 trillion dollar federal budget, than investors will just panic. If not even governments can manage to be fiscally responsible, then why would people assume companies, or even people in the US are fiscally responsible, and its economy stable and sustainable. When people do not believe these things, they will flee the economy. Just look at the UK, people panicked and lost faith in the economy, as a result of huge amounts of international investors withdrawing their UK/pound holdings, the value of the pound plummited, making people from the UK poorer in comparison to the rest of the world than they were before. Sure cheaper goods and more exports, could potentially make up for that, but in a negative cycle that is far from sure, and a more likely result is that the economy will just keep on deteriorating because of other factors, like decreasing consumption, less gross fixed capita formation, less circulating money and so on.
    The panic in the UK is largely over, for the worst of it, but the long term economic picture is rather and possibly the grimmest in the world. There has not yet been a panic over the US economy, but negative numbers and factors just keep rolling out, which is why the international community over time has lost SOME faith in the US economy and withdrawn assets, stopped investing there, which is partly the reason for the weaker dollar. The opposit is true for Europe, the Euro strenghtening is because people trust in the stable Eurozone and sound fiscal policies, but not even Europe can avoid setbacks when the US and the UK is declining so much as they are, no matter how much the international market believe in the Eurozone, no matter hows much investments keep flowing in. After all the US partnership with Europe, amounts for a huge part of our economy.
    As a result of all this, the Euro have weakened lately, but our all over economy and stability is still far stronger and better. And the Euro isnt anywhere close to hitting parity with the dollar, yet the Euro fall(relative small) will make up for some exports and manufacturing discomforts, and the falling demand from the US and the UK.
    I am glad to see there is no panic about the US yet, where all numbers just roll out of control and the dollar collapses, nor do I ever want to see that, but it seems to be a very scary and realistic possibility in the future(next 3 or even 5 or 10 years).

    Structurally all current capitalistic economies will have to change structurally, or else the capitalist world will see an overall declining economy that will not stop declining until we have changed our fundamental ways. The chase for profits and short term joys only leads to lack of socially and economically fundamental progress of our economies, that needs to change.
    Capitalism needs to change into a capitalist-socialist-prestige type of long term planning economies in order to get over the current bumps, and in order for that to happen even politics must be reformed and a lot of other factors also changed..

    I am not going to go on further, but my long term view is rather generally negative, the long term view on the US is very either or, but generally negative, the long term view on Europe is generally negative as well, but I have hopes since we have a different political system and generally are more eagerly adopting a part "state planned" economy with capitalism and socialism in the mix. However I do not know how "state planning" of the economy will progress in Europe, probably it will change for the negative or not change at all, which will be negative. For the rest of the world I basically have dim hopes that they will slowly change for the better while we in the west decline in comparison(are slowly cought up to). I have great hopes for China btw, but are not sure of the stability of China and its ability to handle obstacles and bumps.

    One last interesting question I ask myself, "is Russia actually completely collapsing, or have already"? i have seen some scary numbers, but believe the Russian economy should keep on roaring like it always does, under performing greatly.
    Europe is illegally occupied by the US

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    Re: Private job losses mount, ominous for payrolls

    Quote Originally Posted by Maximus Zeebra View Post
    Atm, I would not be surprised to see a future total economic collapse in the US, especially as a result of other bad news that your government is going to have a 2 trillion$ deficit on the federal budget next year. Tax incomes in the US are 2.6 trillion. So 2 trillion in deficits seems quite scary
    Link? It sounds like you just made that up.
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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