Replies to post #81830 on Zeev's Turnips Patch-No Politics (ZEEV)

[mainehiker]

mish i agree and not to harp on one my favorite subjecxts..but bush policies antoginism is helping to destroy jobs here in biotech area of stem cell research, A field that will be huge, and employ masses, the FACTS say those jobs are shifting overseas...due to religious views..if anyone wants links i have them, and some have been posted on politics board

[mainehiker]

mish..also..if there was any vision and true leadership, part of the money about to be spent on war could go along way in nasa type science programs for alt energy, superconductors, biotech, etc,,things that could help us and the world, both economically and socially.

[mlsoft]

"I can not get an answer from anyone on this board including Zeev."

"No one has bothered to answer this question, no matter how many times I ask."
---------------------------------------------------------------

mish...

I can only assume you have me on ignore as I have given you my answer (for what it is worth) many times, although perhaps not directly. Jobs are being steadily lost at a faster pace than they are being created and that trend is going to continue. The unemployment rate is significantly higher than the stated rate, and it too will be going higher. In and of itself, that is a big problem and the existing debt levels (both corporate and consumer) only make it worse.

The result is that we are entering a recession that will last a while, and the dependence of the rest of the world's economies on the US economy means it will be a global recession.

Just my opinion, though, and subject to being wrong.

mlsoft

[questor]

mish: re: where are the jobs going to come from?

your question is profoundly important.

the concern is a global concern. it extends beyond the United States. a global perspective is necessary.

in many developing countries, half the population is under the age of 15. within the next decade, actually starting immediately, huge numbers of people worldwide will be entering the labor market for the first time. by "huge numbers" I mean in the hundreds of millions. I doubt if the world can create jobs fast enough for this impending wave of new applicants, a wave which will grow larger every year for the forseeable future (at least the next 10-15 years).

anyone trying to formulate a model of what's happening or what's about to happen must take this factor into account.

like you, I don't believe the problem of jobs will be solved easily or quickly, perhaps not at all,

neither in the United States, nor in the rest of the world.

I am not in a position to spell out the economic or political implications, but I find the image of huge numbers of people worldwide without jobs rather scary.

Questor

[Alex G]

re: Muddle Through Economy, Mauldin http://www.investorsinsight.com/article.asp?id=jm022803

[Hard 10]

Hi Mish
Some jobs will be created because of the falling buck
how many?
I don't have a clue

Even if new housing slows only 15% that will be 15% fewer workers needed in every phase of construction. Plumbers, electical, carpentry, etc etc etc.
I hesitate to answer this part because the housing market is so regionalized and also I am a custom home/remodeler builder
But in my area (which I consider booming) housing prices have rose 6% for each of the last to years
If my sales fell 15% I would not lay anybody off for the simple fact I can't hire the people I need now. Their just are not qualified craftsmen available. I would last a couple of years before layoffs would happen do to backlog
But I am a "mom and pop" type builder
Perry