Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: MulhollandDrive who wrote (1784)	3/11/2004 12:17:58 PM
From: mishedlo	Read Replies (1) of 116555

Here is a truly gdisgusting synopsis cbs.marketwatch.com{ECDA11BE-4F93-4A2C-945C-A66DCB54CC35}&siteid=bigcharts&dist=bigcharts Greenspan sees more jobs "before long' By Rex Nutting WASHINGTON (CBS.MW) -- Employment should pick up before long as the economic recovery gains momentum, Federal Reserve Chairman Alan Greenspan said Thursday. [Nice way out - "AS LONG AS the recovery gains momentum" - give me a break - mish] "In all likelihood, employment will begin to increase more quickly before long as output continues to expand," he told the House Education and Workforce Committee in prepared remarks. [Now we see the "as long as OUTPUT expands..." copout - mish] "We have reason to be confident that new jobs will displace old jobs as they always have, but America's job turnover process will never be without pain," he said. [Why - what is the reason. If you have a reason WTF is it? we see no reason. - mish] Greenspan warned against rising protectionism, saying it would hurt U.S. standards of living. Greenspan said the U.S. has a shortage of high-skilled workers and a surplus of low-skilled workers, despite higher levels of education in the workforce. [This borders on being truly moronic. Exactly where do we have a shortage of high-skilled workers? Where? I wish they would let me interview that idiot. mish]

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