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Old 06-29-2010, 08:36 AM   #121
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Perhaps I am a bit negative. The threads initial question was, are we headed for a double dip. I don't think we ever got out of the first one. I want to believe. Anything relating to real jobs, real profits, real wealth creation or real growth would be appreciated. (real being something not temporarily created by gov't intervention) I want to be a buy and holder again, expecting my 8% growth. Those were fun times.

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Old 06-29-2010, 08:37 AM   #122
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FYI - economic indicators out the wazoo.

Economic Indicators

Have Funds, Will Retire

...not doing anything of true substance...
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Old 06-29-2010, 08:44 AM   #123
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Originally Posted by Pete View Post
I want to be a buy and holder again, expecting my 8% growth. Those were fun times.
Prepare for disappointment. I don't think those times are returning any time soon. That doesn't mean I'm ultra bearish, but I see too many demographic and economic headwinds to expect that kind of vigorous, sustained growth. I can imagine being a geezer and telling youngsters that "yeah, I remember the days of 5% unemployment."
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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Old 06-29-2010, 08:46 AM   #124
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I understand the desire for good times again Pete.
I just am trying to consider facts rather than government conspiracy theories
Long term jobs are much better than temporary jobs. However,temporary are better than NO job.
How do you feel about construction jobs? Many of those are temporary in nature as well (although a longer time than census temp positions).
the jobs data on Friday is probably going to take a huge hit with the loss of the temporary census workers. The interesting thing to see will be the number of private sector jobs.
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Old 06-29-2010, 02:26 PM   #125
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Originally Posted by FIREdreamer View Post
I thought Martha already debunked that claim:

Heading under 10,000 on the way!
Or so the Germans would have us believe!

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