Comments on: Employment Chart Roundup http://www.ritholtz.com/blog/2010/02/employment-chart-roundup/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 17:33:06 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Andrew_Horowitz http://www.ritholtz.com/blog/2010/02/employment-chart-roundup/comment-page-1/#comment-253935 Andrew_Horowitz Tue, 09 Feb 2010 23:09:51 +0000 http://www.ritholtz.com/blog/?p=51186#comment-253935 Big B: I think you may have overlooked these: http://www.thedisciplinedinvestor.com/blog/2010/02/05/charts-payroll-gallery/ http://www.thedisciplinedinvestor.com/blog/2010/02/05/nfp-report-preview-goldman-prediction-is-outlier/ and http://www.thedisciplinedinvestor.com/blog/2010/02/04/initial-and-continuing-claims-nasty-reports/ Best! Andrew Big B:

I think you may have overlooked these:

http://www.thedisciplinedinvestor.com/blog/2010/02/05/charts-payroll-gallery/

http://www.thedisciplinedinvestor.com/blog/2010/02/05/nfp-report-preview-goldman-prediction-is-outlier/

and

http://www.thedisciplinedinvestor.com/blog/2010/02/04/initial-and-continuing-claims-nasty-reports/

Best!

Andrew

]]> By: Init4good http://www.ritholtz.com/blog/2010/02/employment-chart-roundup/comment-page-1/#comment-253807 Init4good Tue, 09 Feb 2010 13:46:56 +0000 http://www.ritholtz.com/blog/?p=51186#comment-253807 philipat @ 11:27: "We are, IMHO, in the early stages of a vast rebalancing of wealth in which living standards in the developing world will rise, offset by a commensurate decline in living standards in the West. " Agree w Part 1: living std in developing world will rise, but not Part 2: at expense of decline in liv stds in west. Our living std in west has not risen in last 15yrs - evidence income & market returns - except for the top .5% weathiest. philipat @ 11:27: “We are, IMHO, in the early stages of a vast rebalancing of wealth in which living standards in the developing world will rise, offset by a commensurate decline in living standards in the West. ”

Agree w Part 1: living std in developing world will rise, but not Part 2: at expense of decline in liv stds in west. Our living std in west has not risen in last 15yrs – evidence income & market returns – except for the top .5% weathiest.

]]> By: Init4good http://www.ritholtz.com/blog/2010/02/employment-chart-roundup/comment-page-1/#comment-253806 Init4good Tue, 09 Feb 2010 13:42:22 +0000 http://www.ritholtz.com/blog/?p=51186#comment-253806 scharfy: Amen to that! scharfy: Amen to that!

]]> By: Thor http://www.ritholtz.com/blog/2010/02/employment-chart-roundup/comment-page-1/#comment-253776 Thor Tue, 09 Feb 2010 05:41:43 +0000 http://www.ritholtz.com/blog/?p=51186#comment-253776 miamiocean - Excellent points. miamiocean – Excellent points.

]]> By: philipat http://www.ritholtz.com/blog/2010/02/employment-chart-roundup/comment-page-1/#comment-253771 philipat Tue, 09 Feb 2010 04:27:16 +0000 http://www.ritholtz.com/blog/?p=51186#comment-253771 Globalisation has been great for MNC’s (As evidenced by record profit margins) but not so great for the people. A fact which is now gaining broader recognition. We are, IMHO, in the early stages of a vast rebalancing of wealth in which living standards in the developing world will rise, offset by a commensurate decline in living standards in the West. IMHO, this process is irreversible. This phenomenon is NOT widely discussed in the West because wide recognition of the facts would result in massive social unrest and demands for introduction of tariffs and controls which are clearly NOT in the best interests of Corporate America. Which IS America now? Globalisation has been great for MNC’s (As evidenced by record profit margins) but not so great for the people. A fact which is now gaining broader recognition. We are, IMHO, in the early stages of a vast rebalancing of wealth in which living standards in the developing world will rise, offset by a commensurate decline in living standards in the West. IMHO, this process is irreversible. This phenomenon is NOT widely discussed in the West because wide recognition of the facts would result in massive social unrest and demands for introduction of tariffs and controls which are clearly NOT in the best interests of Corporate America. Which IS America now?

]]> By: PrahaPartizan http://www.ritholtz.com/blog/2010/02/employment-chart-roundup/comment-page-1/#comment-253766 PrahaPartizan Tue, 09 Feb 2010 03:18:00 +0000 http://www.ritholtz.com/blog/?p=51186#comment-253766 Foxmuldar, we've seen that tax cuts don't work when the cuts go to only a thin strata of the society. The rich don't "create" jobs out of the goodness of their cold adamantine hearts. They might create jobs if some demand exists for whatever they think they can sell. Without that demand, all the tax cuts in the world will create no jobs whatsoever. So, that means that any tax cuts which are enacted should be focused totally on the working and middle classes, with taxes increased on the uber wealthy to make up the difference. Such a policy can't work worse than the total fiascoes we've had under Reagan, Bush Pere and Dubya, where only debt increased for the nation and some thieves rode off into the sunset with bagloads of lucre. You lament about us becoming a Banana Republic? That happened under Dubya, with the tax cuts for the wealthy and debt burden for everyone else. That's just what happened in other famous banana republics like Nicaragua under Somoza, Zaire under Mbutu, The Philippines under Marcos and Indonesia under Suharto. You just didn't notice it happening to us. Some of us did in real time. Foxmuldar, we’ve seen that tax cuts don’t work when the cuts go to only a thin strata of the society. The rich don’t “create” jobs out of the goodness of their cold adamantine hearts. They might create jobs if some demand exists for whatever they think they can sell. Without that demand, all the tax cuts in the world will create no jobs whatsoever. So, that means that any tax cuts which are enacted should be focused totally on the working and middle classes, with taxes increased on the uber wealthy to make up the difference. Such a policy can’t work worse than the total fiascoes we’ve had under Reagan, Bush Pere and Dubya, where only debt increased for the nation and some thieves rode off into the sunset with bagloads of lucre.

You lament about us becoming a Banana Republic? That happened under Dubya, with the tax cuts for the wealthy and debt burden for everyone else. That’s just what happened in other famous banana republics like Nicaragua under Somoza, Zaire under Mbutu, The Philippines under Marcos and Indonesia under Suharto. You just didn’t notice it happening to us. Some of us did in real time.

]]> By: foxmuldar http://www.ritholtz.com/blog/2010/02/employment-chart-roundup/comment-page-1/#comment-253755 foxmuldar Tue, 09 Feb 2010 01:49:26 +0000 http://www.ritholtz.com/blog/?p=51186#comment-253755 If as some of you claim tax cuts don't work, then I hope Obama get all the tax increases from all you rich fat cats. Might as well drain you dry since none of you are creating jobs. Isn't that what you are claiming now about the tax cuts? Lets keep raising the debt and deficit. Heck, thats got to work much better then what we had under Reagan and Bush. Banana Republic, here we come. If as some of you claim tax cuts don’t work, then I hope Obama get all the tax increases from all you rich fat cats. Might as well drain you dry since none of you are creating jobs. Isn’t that what you are claiming now about the tax cuts? Lets keep raising the debt and deficit. Heck, thats got to work much better then what we had under Reagan and Bush. Banana Republic, here we come.

]]> By: scharfy http://www.ritholtz.com/blog/2010/02/employment-chart-roundup/comment-page-1/#comment-253710 scharfy Mon, 08 Feb 2010 21:53:26 +0000 http://www.ritholtz.com/blog/?p=51186#comment-253710 China is doomed. If you think that decreasing the marginal cost of labor by forcing labor to the cities is the path the per capita prosperity, then i have a chinese made Obama sweater i'd like to sell you. As technology/productivity increases, the value of a worker, declines relative to the value of the machine. See auto industry for said example. So you need to work smarter, not just throw more slaves at it. Last time i checked the US dominates the internet, and we may just have 5 billion new customers. It is true that we wasted a few years on this here housing bubble, but don't worry, we shall recover. China may put out some gaudy GDP numbers, but rank 100th or so in per capita income (they would jump if their currency floated but oh well). The have structural and GOVT problems that are too numerous to mention, and their own GOVT sponsored real estate bubble. And they import food and raw materials. Productivity and innovation. That is the holy grail of increasing wealth. China was the world's 2nd largest economy in 1900, and they are number 2 again. However they are, as they were then still, not in the top 100 of per capita GDP, as thusly, not very wealthy. Have they come along way in the last 20 years? hell yes. Ready to go it alone though and "decouple"? Not to my eyes. Disclaimer: Long the American people. China is doomed. If you think that decreasing the marginal cost of labor by forcing labor to the cities is the path the per capita prosperity, then i have a chinese made Obama sweater i’d like to sell you. As technology/productivity increases, the value of a worker, declines relative to the value of the machine. See auto industry for said example. So you need to work smarter, not just throw more slaves at it.

Last time i checked the US dominates the internet, and we may just have 5 billion new customers. It is true that we wasted a few years on this here housing bubble, but don’t worry, we shall recover.

China may put out some gaudy GDP numbers, but rank 100th or so in per capita income (they would jump if their currency floated but oh well). The have structural and GOVT problems that are too numerous to mention, and their own GOVT sponsored real estate bubble. And they import food and raw materials.

Productivity and innovation. That is the holy grail of increasing wealth.

China was the world’s 2nd largest economy in 1900, and they are number 2 again. However they are, as they were then still, not in the top 100 of per capita GDP, as thusly, not very wealthy.

Have they come along way in the last 20 years? hell yes. Ready to go it alone though and “decouple”? Not to my eyes.

Disclaimer: Long the American people.

]]> By: Rod http://www.ritholtz.com/blog/2010/02/employment-chart-roundup/comment-page-1/#comment-253707 Rod Mon, 08 Feb 2010 21:51:02 +0000 http://www.ritholtz.com/blog/?p=51186#comment-253707 at ashpelham2 Says: February 8th, 2010 at 10:14 am "It just doesn’t seem fair to “blame the internet” for our job loss problems..." What about hundred of thousands of jobs lost thanks to illegal downloads ? 1.Photographers making one dollar per picture, or 2. musicians making zero, nada, (music studios closing their doors ) 3. american software developers seeing their work cracked in less than 24 hours, 4.graphic designers not making a living, 4.writers (digital books without copyright, yes the Bailout Nation is one that is in "torrent format"), 5. movie makers and studios cutting budgets, and the list grows everyday. The lack of regulation of the internet has caused losses in the multimedia industry, and nobody has the political will to stop it. Nicolas Sarkozy it trying to do something, we will see ! I'm not optimistic about it. at ashpelham2 Says:
February 8th, 2010 at 10:14 am

“It just doesn’t seem fair to “blame the internet” for our job loss problems…”

What about hundred of thousands of jobs lost thanks to illegal downloads ?

1.Photographers making one dollar per picture, or 2. musicians making zero, nada, (music studios closing their doors ) 3. american software developers seeing their work cracked in less than 24 hours, 4.graphic designers not making a living, 4.writers (digital books without copyright, yes the Bailout Nation is one that is in “torrent format”), 5. movie makers and studios cutting budgets, and the list grows everyday.

The lack of regulation of the internet has caused losses in the multimedia industry, and nobody has the political will to stop it. Nicolas Sarkozy it trying to do something, we will see ! I’m not optimistic about it.

]]> By: Financial Links Monday Feb 7 2010 http://www.ritholtz.com/blog/2010/02/employment-chart-roundup/comment-page-1/#comment-253690 Financial Links Monday Feb 7 2010 Mon, 08 Feb 2010 20:19:19 +0000 http://www.ritholtz.com/blog/?p=51186#comment-253690 [...] Employment Chart Roundup (The Big Picture) [...] [...] Employment Chart Roundup (The Big Picture) [...]

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