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Pastimes : A Jackass, his PAL(indrome), and GOLD

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To: Jim Willie CB who wrote (101)1/12/2003 8:43:38 AM
From: philv  Read Replies (2) of 1210
 
It can get pretty sad:

If layoffs continue, job competition increases....result like this:

Message 18434062

That is just a starter. Have to feel sorry for those who are trying to support themselves, trying to find any job. I have seen this first hand, and it is cruel.

The lucky ones are those who have a good paying job right now. These are the best of times for them. Deflation...low prices, low interest rates..but a good job!!! Another imbalance to be wrung out somehow. The above link could be an example of worse conditions to come.

What will be the Fed/Gov't response to rising unemployment?

Phil
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