Ask Me Help Desk - How marvellous the recovery must be

Quote:

Also buoying markets was a continued pick-up in United States employment; private data showing companies added almost 250 million workers last month.

It seems journalists just can't understand mathematics, or is it that the US recession is a myth. I wonder, are we similarly being duped by other statistics quoted in the media. Is the Greek crisis really a crisis? It seems every other day the deal is being renegotiated or the conditions changed. After all what are a few zero's anyway? A billion here, a billion there, does it really matter when no matter what Greece does it cannot meet the EU standard?

We were told in my great nation the other day that despite a buoyant economy where the mining companies cannot obtain enough labour that we could expect employment to fall. What happened, did we import too many workers? Oh, I know, those inefficient industries such as banking, airlines, telecommunications, autos, aluminium and let's not for get solar, are restructuring. Restructuring is a new way of saying we are sending jobs offshore

Next week we get the 'revised downward ' report that the press fails to cover. But then again ;if the unemployment rate was being properly reported it would be in double digit . No our sluggish economy is no myth . We should be in a dynamic recovery of close to 5% by now . But still we languish in a 2-3% recovery that is threatened with uncertainty over regime regulations and energy costs related to domestic mismanagement by the administration ;currency mismanagement by the Fed. ;and geo-political uncertainty . Perhaps with a change in the administration we will see a true rebound .

Can't speak to the loss of Aussie jobs. Maybe we are stealing them ?

Quote:

Originally Posted by tomder55

Next week we get the 'revised downward ' report that the press fails to cover. But then again ;if the unemployment rate was being properly reported it would be in double digit . No our sluggish economy is no myth . We should be in a dynamic recovery of close to 5% by now . But still we languish in a recovery that is threatened with uncertainty over regime regulations and energy costs related to domestic mismanagement by the administration ;currency mismanagement by the Fed. ;and geo-political uncertainty . Perhaps with a change in the administration we will see a true rebound .

Can't speak to the loss of Aussie jobs. Maybe we are stealing them ?

Yes Tom revised down from 250 million, I can't wait

No Tom wasn't blaming you guys although your auto makers are a trifle shaky. Look we know, have done for a long time that if the US gets a cold the rest of us get the flu, but it hasn't been so here, the mining boom has meant good times ,but our high dollar is killing off tourism. You speak about a 5% rebound. Tom we have rarely had 5% growth in our history, 3-4% is average and we do well on that, no we are lamenting 0.4% growth in the last quarter as if disaster had struck. http://www.smh.com.au/business/jobs-...308-1um2h.htmlI've got stocks that have a 4-5 times asset cover to price and still they languish. There is a minerals boom and mineral stocks are going backwards.

These are the days of China and India stealing our jobs, like you we are stupid enough to think cheaper is somehow better

I think the days of a national administration, any national administration, doing much about the geo-political woes are gone. We are too integrated. Why should Greek debt woes affect our stock market here? But it does. Pure stupidity I know.
No I was commenting on the disinformation provided by the media, the days of anyone running an editorial eye over the "facts" has gone and heaven forbid anyone should look at the logic of what is being reported. Here is an example from that earlier cited article

Quote:

Every month, the potential labour force of people aged 15 and over grows by 18,500, but on average, only 1000 new jobs are created.

How can this be so if the employment statistics show no significant change?