Comments on: Post-Recession Employment Arithmetic

By: Unemployment: Looking For Light In The Woods « Kicking Over My Traces

Unemployment: Looking For Light In The Woods « Kicking Over My Traces — Sat, 03 Oct 2009 15:33:25 +0000

[...] (and analysis of current economic conditions) point to a painfully strung out jobs recovery — years and years rather than [...]

By: jc

jc — Fri, 02 Oct 2009 21:59:58 +0000

We started with housing leading to a banking crisis and now the banking crisis has led to an unemployment crisis which makes housing worse and this will take us back to the next stage when new waves of foreclosures bring us to the next stage of the banking crisis.

Since gummint can never just do nothing during a crisis we’ll see a humongous US housing agency to take foreclosures off the big banks hands at “fair prices” and manage them as landlords, thats my prediction!

By: The Mother of All Jobless Recoveries? | The Big Picture

The Mother of All Jobless Recoveries? | The Big Picture — Fri, 02 Oct 2009 19:01:28 +0000

[...] can see why the Rutgers study showing a full jobs recovery not taking place until 2017 is very [...]

By: September NFP | The Big Picture

September NFP | The Big Picture — Fri, 02 Oct 2009 11:02:00 +0000

[...] noted yesterday, we are unlikely to return to full pre-recession employment until [...]

By: Mannwich

Mannwich — Thu, 01 Oct 2009 20:57:52 +0000

@Christopher: Bingo. An expensive one…….so far.

By: Christopher

Christopher — Thu, 01 Oct 2009 20:50:40 +0000

Ahhh….that’s called a “hobby”.

By: Mannwich

Mannwich — Thu, 01 Oct 2009 20:20:13 +0000

@Christopher: Our is “virtual” too but I’m worried that it could turn into a “virtual” business with “virtual” profits (meaning I don’t actual see any).

By: Christopher

Christopher — Thu, 01 Oct 2009 19:36:12 +0000

Is it just me or has the forum lost some valued commenters since BR told us he blew off the DC trip?

I’m working on starting a biz here too Manny….what are we nuts??
Mine is all virtual though…no way I’m jumping into any CRE in way/shape/form anytime soon.

By: Mannwich

Mannwich — Thu, 01 Oct 2009 18:32:47 +0000

I hear you Bruce. I’ve been trying to get a business going myself with a couple of partners. We’re getting there but need more funding and we’re waiting from Wells Fargo to decide if they’re going to lend us the money. Don’t think they’re going to approve us even though I carry no credit card debt, have only a mortgage payment and am never late on paying anything. FICO score close to 800. Both of my partners have good credit too. What will that tell me if/when Wells denies us?

Two things:

(1) Wells is not nearly as “healthy” as they or the feds say the are…plain and simple, they are LYING about their financial health..
(2) I will be pulling all of our money from Wells when its feasible and will never do business with them again.

By: Bruce in Tn

Bruce in Tn — Thu, 01 Oct 2009 18:14:35 +0000

Manny:

Here in east Tennessee, things are probably bottoming, but no upturn in sight. My nurse’s husband, who was laid off from his HVAC employer 6 months ago, went into business for himself, and has been fairly busy until the last couple of weeks. He now is scrambling very hard just to make expenses, and he was already operating on a shoestring.

Lots of people looking for work here, and very few job openings…