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5:24 am
July 18, 2011
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Bessie11
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| Junior Boomer | posts 12 |
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Hello Everyone,
I'm Bessie
I LIKE to go with my own strategy
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10:20 am
March 12, 2010
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jackBloom
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| Forum Baby | posts 6 |
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you are right about the government statistics…1 of 2 things always happen
1) they are outright manipulated (but what can we do about that)
2) they are usually later revised when no one is looking. its not uncommon for them to change the number of jobs added/lost by 100's of thousands a few months after the initial announcement. but by this time its long after the market has responded. gotta love "seasonal adjustments".
This post wasn't supposed to be doom and gloom. In my mind, as soon as the jobs numbers turn positive, I would look for a huge market bounce. Not that I think the market is fairly valued right now (i believe it is over-priced) … however those driving this mini-bull market are just waiting on this one last piece of good news to call the recession officially over! (note: reality does not reflect this at all)
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1:48 am
March 12, 2010
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wizard13
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| Boomer Newbie | posts 1 |
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First thing, never believe government statistics. They manipulate them in all sorts of ways. Second, we've gone through tough times before. Remember waiting in line every other day just to buy gas for our cars. In the 50's and 60's when we were growing up it was uncommon for most women to work once they had children. Now it's commonplace. The economy has had to absorb lots of people into the workforce that never were there before. The worst thing we can do is withdraw and stop living as we always have. We just have to be smarter about what we do. I guess for most there was a feeling that since there was never something that threantened us before, there never would be. But how short our memories are. We've been battered and blustered since we were born. If you stayed in the market over the last 18 months, you're only slightly worst off than when this crisis began. And if you were an active investor, you've actually gained relative value. Remember that along with fewer jobs and fewer raises comes lower inflation. Plus think of all the things we have that make our lives easier than previous generations. Anyone want to go running to the outhouse like my mother did in the Iowa winters of the 30's. As with every other economic cycle this too shall pass. Our main problem has been we've gotten the politicians we deserved. Not a one is willing to stand up to the problems that social security and medicare are going through. What ever happened to the don't trust authority attitude we used to have. Now too many of us look for and depend on the government to take care of us. Forget that tomfoolery and make yourself independent of people who can change their minds and your lives anytime they feel like it.
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8:26 pm
March 8, 2010
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sheila
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| Junior Boomer | posts 11 |
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OK I subscribe to the doom and gloom. We were raised in an era of prosperity and some of us were not taught to save and worry about tomorrow. Soooo, here we are and where do we go from here? Will we be able to retire at "full retirement age" (social secuirty lingo)? Will we live out out lives as we had expected? Will we have anything left to leave our children which begs the question of will we even need to draft Wills? Too many questions and no ready answers.
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11:09 am
March 8, 2010
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jackBloom
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| Forum Baby | posts 6 |
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I think they were trying to be slightly positive and say that we only "lost" jobs instead of actually adding jobs to the workforce ( a positive gain) because hiring was slowed due to the snowstorms. I guess they are indicating that supposedly we are about to turn the corner and start adding but that corner got pushed back one more month.
I have heard of the reference to a deep recession or even "great recession" before. I could write a doctorial thesis on why I think we are here at a macro level, but instead I will focus my comments on what think we need to do individually. Save more and only buy what you can afford. Learn to do without and realize that happiness is what you already have, who you are around, and what you do for others. Stop thinking material goods will make you happy. Stop thinking tomorrow will always be better than today. Be practical and honest and make educated decisions that balance the costs and benefits. Realize that no body (including government and big business) gives a rats ass about you and that you need to work hard and fend for yourself. I do not see us ever getting back to the growth period that was the last 20-30 years. I see slower growth and increased competition globally. Be prepared and never give up!
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10:45 pm
March 5, 2010
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sheila
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| Junior Boomer | posts 11 |
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We are in a what I consider to be a deep recession, in particular for older boomers who thought that retirement was on the near horizen. We were in a period of prosperity from our childhood up until just this past 18 months ago (well, except for the downturn in the late 1970's and early 1990's)……..and now we are concerned with being laid off. Did the snow storms save some of our jobs in February, well just give me a break ( an unauthorizsed quote from Jon Stossel).
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9:26 pm
March 5, 2010
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Alliejones
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| Boomer Newbie | posts 1 |
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So was Bloomberg trying to say that since the employees could not get to work, because of the snow storms, there was not anyone there to terminate? If organizations were not productive they would be more likely to lay off employees in February. I do not agree with Bloomberg, but if the number of jobs lost doubles in March perhaps there is an air of truth.
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9:06 am
March 5, 2010
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blueboy
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| Boomer Newbie | posts 3 |
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Only 36,000 jobs lost. Not a great number but better than the 100's of thousands in prior months. Bloomberg this morning was saying how many people are blaming it on the insane record snow storms that the north east experienced in feb. Anyone believe that? I know my company was practically shut down for 2 weeks [well at least no one did anything productive  ]
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