Rosenberg 9/14/2012
Rosie sees the endless Fed QE!n as ineffective in doing it's job (reducing joblessness) but eventually owning everything! Equities will go up, commodities will go up...and inflation will go up. Net effect? None. The US economy has become total bullshit and lies.
Duh! There is no demand because there is no income. As american incomes decline YOY who can afford to buy cars, homes or endless consumer products. Most people are lucky to afford food and gas on top of monthly bills.
The one part of Rosie's comments that I have to disagree with is that he cites a lack of skills. I see tons of skills and skilled people in manufacturing. But...there are few jobs for skilled personnel, mainly because the jobs have moved to Asia.
Sad? Here's a link to Kate's T&A photos. That'll cheer you up.
Duh! There is no demand because there is no income. As american incomes decline YOY who can afford to buy cars, homes or endless consumer products. Most people are lucky to afford food and gas on top of monthly bills.
The one part of Rosie's comments that I have to disagree with is that he cites a lack of skills. I see tons of skills and skilled people in manufacturing. But...there are few jobs for skilled personnel, mainly because the jobs have moved to Asia.
Sad? Here's a link to Kate's T&A photos. That'll cheer you up.
posted by lugh lampfhota at 10:15 PM
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