U.S. Unemployment Rate Drops to Lowest Since December 2008

[GunnyFreedom]

::: spitting out the idiotic words you put in my mouth :::

Don't you just hate that? It happens to be one of my major pet peeves. And a few too many of the folks around here like to do that.

Once again there's the attempt to frame what I said as somehow being about the mere fact that you have or express a different view. Wouldn't that be fun to debate instead? Why, that would be so easy to knock out of the park, wouldn't it?

Three strikes, you're now being obtuse. Go back and reread, this time applying whatever comprehension and critical thinking skills you have to what I actually wrote. (Hint: part of it starts with "There's nothing wrong with contrary opinions...")

This guy (the OP) reminds me of all the people in the runup to the 2008 election just insisting that the economy was all sunshine and lollipops, and we who were throwing red flags everywhere were the loonies trying to get the system down lol

[GunnyFreedom]

Unemployment should start to rise , ea month , for the first 6 months of next yr.

I suspect that by May-June of 2013 intense inflationary pressure will be too heavy to hide or 'explain away' anymore.

[KrokHead]

That's like saying the Houston Astros manage win 70 games, just because it doesn't suck as bad it still isn't an accomplishment.

[Pauls' Revere]

Awesome. Since debt is considered money, that means consumers have lots and lots more money.

and without the incomes to repay it back....nice.

[KingNothing]

I suspect that by May-June of 2013 intense inflationary pressure will be too heavy to hide or 'explain away' anymore.

I can't disagree with this strongly enough. I suspect that at some point the Student Loan Bubble will burst or at least begin to deflate, which could very well usher in a new, though less extreme, Great Recession. And even if that does not happen, there's a very real possibility that we could be in for a bit of a deflationary spell, similar to what we experienced during the Great Recession when consumers pulled back, some debts were written-off, and credit dried up - particularly if tax rates rise.

[matt0611]

LOL there is no way only 7.7% of able-bodied people in this country cannot find work. If that were true this economy would be in a lot better shape.

This number masks the real problems.

1. Many workers are discouraged and not looking for work at all anymore.

2. Many people are just going on government assistance instead of working instead, as "disabled"

3. Many are taking lower paid jobs out of their field, part-time work etc

4. Many are working for the bloated federal government

[Jordan]

I suspect that by May-June of 2013 intense inflationary pressure will be too heavy to hide or 'explain away' anymore.

Yeah I've heard this since 2007. At what point will you be wrong?

[oyarde]

If the economy takes off like gang busters Jan - June with tax increases, etc, I will be wrong .

[angelatc]

Don't you just hate that? It happens to be one of my major pet peeves. And a few too many of the folks around here like to do that.



This guy (the OP) reminds me of all the people in the runup to the 2008 election just insisting that the economy was all sunshine and lollipops, and we who were throwing red flags everywhere were the loonies trying to get the system down lol

You know, Gunny, it's really beneath you to trash the poster rather than his position. There are indeed green shoots in the economy. The demand for temporary workers is rising - that's a leading indicator I've been looking for. I think that OT will rise next.

Some of his cheerleading is over the top, but the underlying arguments seem solid and documented.

I don't understand how this can be sustained, but they've sustained it all these years so there's no reason for me to necessarily believe that this is the end. Heck, I thought the 2008 crash was the beginning of the end. I can't believe that hyper-inflation hasn't smacked us hard, yet. But it hasn't, so maybe it won't.

[Tpoints]

Yeah I've heard this since 2007. At what point will you be wrong?

bored waiting?