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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 422.23+1.9%Jan 12 4:00 PM EST
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To: Maurice Winn who wrote (3288)1/13/2006 2:26:18 AM
From: Crabbe  Read Replies (2) of 219297
 
As a flippant response that was cute.

As a practical mater however everybody can not make a living scratching each others back, you are to old and probably to ugly to develop a large enough clientele to buy food from the farm owner. If I want to pay to have my back scratched, I will find a nubile young lass.

The solution to the problem of no jobs is not a flippant problem and it is a looming problem.

The French Riots were not an extension of al qaeda. The were the result of 21.6% youth unemployment with no prospect of any improvement. That 21.6% is for all French youth, the rate amoung rioting arabic and african youth is much higher.

In every recession in the United States the period to recovery has been longer with the recent recession of 2000 being much the longest on record. This is due to the fact that as recovery begins added production is covered by production increases (perhaps fear of losing ones job). Next the demand is covered by overtime. Then the demand is covered by new employees. finally if the demand continues new equipment is added. That is where we are right now. The new equipment creates much higher productivity. as i mentioned Intel is building new "lights out fabs" nearly no employees. at this point new hireing slacks off. Recovery ends to be followed by the next recession? However the length of the good times has also increase with each cycle for the past hundred or so years.

There may be a fairly long period of prosperity in store but there may be no employment recovery from the subsequent recession.

Please supply a nonflippant reply.

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