Comments on: Post WWII Recession Job Recoveries (Months)

By: funadvice_editor

funadvice_editor — Wed, 11 Feb 2009 21:07:55 +0000

Looking at the graphs, it does seem that it’s taking longer. If the trend continues, I wonder where we’ll be in 2100…

By: dgov

dgov — Tue, 10 Feb 2009 07:45:41 +0000

Barry,

Thanks for the update. As your more astute readers might have expected, the amazing qualities of your first chart didn’t quite find their way into your second chart. The job losses, in percentage terms, look downright pedestrian. The numbers will probably get much worse, but we haven’t reached perdition yet.

dgov

By: wunsacon

wunsacon — Tue, 10 Feb 2009 01:32:13 +0000

LOL, bobc7i! Yeah, r u waiting for “insourcing”, by the way? Our growth prospects never dim!

By: wunsacon

wunsacon — Tue, 10 Feb 2009 01:27:53 +0000

>> BR & CR: Great data presentation and analysis from two of my favorite bloggers. Good to see you working together.

Yes, I think CR got peanut butter into BR’s chocolate. It’s delish!

By: bobc7i

bobc7i — Tue, 10 Feb 2009 01:25:43 +0000

No worries, one of the benefits of the offshoring of jobs is that it frees up labor for higher-value jobs onshore. Once that job growth kicks in we will be fine. That should happen any moment now.

By: Bruce in Tn

Bruce in Tn — Tue, 10 Feb 2009 01:19:50 +0000

@Paul S:

If we were never out of recession, then what is going on in Japan?

Lost decade?

http://www.rttnews.com/CorpInfo/EconomicCalendar.aspx

2/9/09 1 am. Machine tool orders are now down 85% from one year ago…that means that that industry is only 1/6th of what it was a year ago in the world’s second largest economy…

I think I will wait a little while before I decide Obama and Timmmmmaayyyy are getting the world out of this mess…

By: markbnj

markbnj — Tue, 10 Feb 2009 01:00:06 +0000

Here’s a few other points to chew on:

1) I think that the financial problems are now only showing the 25% of the iceberg that is above water (the sub-prime problems). I predict that the rest of the problem will ONLY start to show as the CDO and collateralized debts made from (credit cards, car loans, student loans) START to go bad. (look HERE for that prediction…(http://sos-newdeal.blogspot.com/2009/02/no-more-cdos-start-now-stop-now.html )

2) we ABSOLUTELY (as a country…/world) need to absolutely ban the practice of making CDO’s out of other items. This is the absolute cause of this entire crisis, and NOTHING will go back to normal until this is doen.

3) BTW, I predicted this financial crisis (fwiw) over 2 years at my blog. I also came up with a BUNCH of ideas, based on the first depression (FDR) on how he got us out… Look HERE…http://sos-newdeal.blogspot.com/2009/01/new-start-beginning-and-restatement.html

please feel free to comment…

By: skardin

skardin — Tue, 10 Feb 2009 00:35:02 +0000

“IMHO we never actually got out of the 2001 recession- the credit bubble simply offered the illusion that we were. That’s my theory anyway.”

Agree, I 2nd this. There are some differences, 2000-2001 dot.com crash affected certain specific sectors and not as wide spread as the current one.

By: Mark Goldes

Mark Goldes — Tue, 10 Feb 2009 00:15:04 +0000

Up to 6 million jobs and 4 million small businesses can be created by A Human Investment Tax Credit Program.

This is missing from the stimulus package.

One component, a jobs tax credit, became law for one year and generated more jobs in less time than any legislation in our history.

Two versions of the 2009 Report can be downloaded free at: aesopinstitute.org

The full Report contains a post Keynesian economic analysis.

The short version includes only what can be done and how Congress can do it.

By: spigzone

spigzone — Tue, 10 Feb 2009 00:06:40 +0000

“Dude, chill out. Of course oil prices will spike soon enough. But it will be for the same reason they spiked before. Oil is priced in dollars, or more appropriately, dollars are priced in”

http://www.arabianbusiness.com/545723-oil-output-could-fall-by-30m-bpd-by-2015—

Reality can be such a bitch.