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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (22868)	2/4/2005 9:25:07 AM
From: orkrious	Read Replies (1) \| Respond to of 116555

mish, this means the economy was absolutely humming with activity in january. actual jobs created were 280k higher than the 146k reported. man, everyone here is too negative. this economy is on steroids and no one sees it. WTF is wrong with people? <g>

To: mishedlo who wrote (22868)	2/4/2005 11:09:24 AM
From: CalculatedRisk	Read Replies (1) \| Respond to of 116555

Bush wins Hoover Award. With today's job numbers, we can announce that Bush is the first President since Herbert Hoover to preside over net job loss in the non-farm private sector. Congratulations Mr. Bush! You continue to exhibit the reverse Midas touch; everything you touch turns to %$#&^. And the numbers ARE (Jan 2005 could still be revised, but the Hoover Award is not in jeopardy): Non-Farm private Sector Jobs, Jan 2001: 111.622 Million Non-Farm private sector Jobs, Jan 2005: 110.862 Million A first term net loss of 760 thousand jobs.

To: mishedlo who wrote (22868)	2/4/2005 2:05:41 PM
From: GraceZ	Read Replies (1) \| Respond to of 116555

Well they took back 280,000 job lies over the past 6 months in one fell swoop today Businesses fail every year on a fairly predictable basis. In December, you make the hard decision to close your doors and let everyone go or try to eek out a living for another year. The birth/death model simply incorporates this reality which is repeated year after year in good times and bad. It is reflective of underlying business conditions, business has both profits and losses. Losses, like enemies, tend to accumulate and become unbearable at some point. The end of the fiscal year (which for most businesses is the calendar year) is a good time to do some soul searching and close up shop if you are failing, so you aren't saddled with the burden and expense of an additional year of tax reporting.