DELPHI ADCT NT and MOT all are cutting jobs as we go through a huge slow down in economy, but why should we not have it, we kept real interest rates far too high, we kept worrying about 'inflationary pressures' ignoring productivity gains, and now we brought this whole economy to a growth rate of 1.4% from some quarters of as high as 7%.
Big companies cut jobs, and people find alternate jobs, we have seen this all through the various up and down cycles, however the fact is that if your consumer confidence is up, or your new housing starts are good and your retail sellers are reporting great sales, you can make any case but not a basket case of the economy, we need to see all this what you say in numbers, last four weeks we have only seen evidence of strong economy, an unemployment rate of 5%, CPI of .3% rising prices indicative of strong demand (apparels and consumer goods) we should have seen falling prices if your deflationary secenrio that you paint is correct.
Today's jobless claim is another sign of the huge delfationary band wagon you guys are riding, take care, I want facts, raw facts, don't be emotional about job cuts, pink slips are very much a part of US economic scene. |
