Word Press hasd been glitchy today (this disappeared earlier)
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As the chart below shows, there was a sleight improvement in the monthly Temp Help data (annual is still horrific):
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via Bruce Steinberg
In any great organization it is far, far safer to be wrong with the majority than to be right alone. —John Kenneth Galbraith
Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks ago that Taiwan was limiting foreign deposit holdings and Brazil was taxing foreign inflow transactions. As I mentioned yesterday, we may have reached a short term pain threshold in terms of $ weakness and foreign countries are fighting back as they certainly won't wait for...
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June 5th, 2009 at 12:34 pm
Barry, you’re on a roll. First with the “following the heard” and now “sleight improvement.” I love it.
June 5th, 2009 at 12:47 pm
That term “sleight” may prove to be more correct than the other (”slight”).
June 5th, 2009 at 1:02 pm
Why do they still call these jobs “temporary” when they will be “permanent” for many people?
http://www.google.com/hostednews/ap/article/ALeqM5jCMrlBdhCR6EoRypJbacY-LPrTpgD98KHLEO0
June 5th, 2009 at 1:05 pm
You are a tremdnous slepler, Rihtolz.
The shift from full-time to part-time is all a part of the recessionary meme, is it not?
June 5th, 2009 at 1:57 pm
Where is that spell checker!
June 5th, 2009 at 1:58 pm
I believe that most workers in Japan are temps now, are they not? Or least it’s a big percentage. Think that’s what will happen here. Permanent temps, as CNBC Sucks notes above. Might help RV sales. People can just buy and live in their RV and roam the country hitting new temp jobs along the way. I hear Wal Mart allows RV’s to park in their lots for free?
I think I found the new bubble – RV living.
June 5th, 2009 at 2:48 pm
Barry:
You must have exhausted yourself at the Big Picture Conference, because you completely miffed this chart.
It says temp help DECLINED both month over month AND year over year.
Unless you are drinking the Kool-Aid, a smaller decline does not equal improving.
June 5th, 2009 at 4:46 pm
@Manny (1:58)
There’s no hope even for RV sales…
Yesterday the government announced that it was “selling” the thousands of RV’s used to house Katrina victims at $5 – $10 apiece…
It ought to put a whammy on RV sales when you know you can get them from the government for less than a pack of cigarettes…
June 5th, 2009 at 6:09 pm
“Yesterday the government announced that it was “selling” the thousands of RV’s used to house Katrina victims at $5 – $10 apiece…”
Now there is a fine example of our government’s ability to inefficiently spend/lose our money. It’s good to know that we have so much.
June 5th, 2009 at 6:59 pm
Logical rational minds adwhore english speeling
June 7th, 2009 at 12:48 am
http://www.youtube.com/watch?v=ceN4s5PP6jw
Keep me moving.
Just a temp-employed gypsy.