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Politics : Moderate Forum -- Ignore unavailable to you. Want to Upgrade?

To: Yogizuna who wrote (6348)	1/28/2004 1:52:05 PM
From: tsigprofit	Read Replies (2) \| Respond to of 20773

Yes - we had over 10 IT layoffs today here in Michigan. These were good, experienced people, mostly in their 30s and 40s, with college degrees, and up to 20 years of experience. I don't know where this is all going - but it will not be solved by retraining - that's for sure. We need JOBS - JOBS - JOBS not more doublespeak from W. And cutting taxes won't do it either. Ask Herbert Hoover about that one. >> The beat goes on for this relatively sick "recovery"....

To: Yogizuna who wrote (6348)	1/28/2004 4:18:17 PM
From: TigerPaw	Read Replies (1) \| Respond to of 20773

this relatively sick "recovery". Any apparent recovery is an artifact of the repricing of the dollar. Assets, such as company stock, are increasing in dollar price but they are not increasing in value as measured on a world stage. Once interest rates begin to rise a collapse is possible. finance.news.com.au <font color=green>HE US Federal Reserve, not wanting to upset the economic recovery, held a main short-term interest rate at a 45-year low today, but the central bank hinted that rates could move higher in the future.</font>