Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who wrote (2981)	4/9/2001 5:18:54 AM
From: elmatador	Read Replies (1) of 74559

The job losses are a mirage: "...many of the 400,000 job cuts announced in the first quarter may, in fact, merely be cuts in unfilled positions, according to Steve Patchel of Watson Wyatt, a human-resources consultancy. There are still 425,000 positions for which companies cannot find applicants with the right skills..." economist.com Could it be that those 'virtual job cuts' are created to just to persuade Greenspan to cut rates?

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