Bernanke about to fire up the Helicopter...

[Winehole23]

The only problem with that is that if you're making, say 70K a year, and you take a job at 40K a year, that 40K employer won't be too happy if a 70K job opens up and you jump at it.

Point of contemporaneousness: for most people it's not that sort of job market right now.

But yeah, I would imagine that sort of thing happens all the time regardless of the condition of the market.

[boutons_deux]

"I'm not sure that's a moral hazard so much as an expedience in tough times"

Many of the companies that are killing jobs are profitable and increasing profitability, they aren't going bankrupt, are not losing money. The CEOs are padding their bonuses by cutting payroll costs. And of course, the employees who stay on have to work much harder for same pay, and always under the black clould that they may be next. aka, the wealthy class's War on Employees.

[LnGrrrR]

Point of contemporaneousness: for most people it's not that sort of job market right now.

But yeah, I would imagine that sort of thing happens all the time regardless of the condition of the market.

Probably. If I needed a job, I would swear up and down to my employer that I'd stick with him through thick and thin, but probably jump ship if a better opportunity appeared. Is it a morally correct thing to do? Probably not. But considering that I don't think the company would be willing to keep me on if I wasn't a valuable asset to them, I think it wouldn't worry me too much.

[Winehole23]

Oh, and WH, offtopic but....





I'M OLD GREEEEEEEEEEEG!

Do you like Bailey's?

[Winehole23]

What about the boat times?

[Winehole23]

[LnGrrrR]

Do you like Bailey's?

The drink or the episode? Love the drink, but I'm half Irish, so that's to be expected. As for episodes, I enjoy nearly all the Mighty Boosh episodes, but I think Season 1 was weaker than later episodes. (That goes for It's Always Sunny in Philadelphia as well.) I think my favorite episode would either be Nanageddon or the Krumpin' episode.

[Winehole23]

Nanageddon was awesome.

[Wild Cobra]

The only problem with that is that if you're making, say 70K a year, and you take a job at 40K a year, that 40K employer won't be too happy if a 70K job opens up and you jump at it.

Being overqualified is part of the problem with finding employment. This is more a chance for low wage earners to move up than they realize. They just have to be capable of moving up.

[Wild Cobra]

The drink or the episode? Love the drink, but I'm half Irish, so that's to be expected. As for episodes, I enjoy nearly all the Mighty Boosh episodes, but I think Season 1 was weaker than later episodes. (That goes for It's Always Sunny in Philadelphia as well.) I think my favorite episode would either be Nanageddon or the Krumpin' episode.

I try not to buy it cause I love it so much. I end up putting it in my coffee, and I drink allot of coffee!

[LnGrrrR]

I try not to buy it cause I love it so much. I end up putting it in my coffee, and I drink allot of coffee!

In the Ala Moana mall here in Honolulu, they've got a little ice cream booth in the food court (Dreyer's I think) that makes a delicious Bailey's shake. I got my wife hooked on it.

[SnakeBoy]

Relatively speaking, small banks are lending more, but they're relatively more connected to their communities. That's something you can't fake.

About a year ago my wife wanted to make a major purchase and I didn't want to fork out that much cash at that time so I told her to go by our bank (BoA) and ask about a loan which we would secure with cash. She never even got to tell them we would secure the loan, they just asked business or personal loan and then sorry we're not making any personal loans. So we switched to Broadway bank who was more than willing to make the loan even unsecured.

[Wild Cobra]

About a year ago my wife wanted to make a major purchase and I didn't want to fork out that much cash at that time so I told her to go by our bank (BoA) and ask about a loan which we would secure with cash. She never even got to tell them we would secure the loan, they just asked business or personal loan and then sorry we're not making any personal loans. So we switched to Broadway bank who was more than willing to make the loan even unsecured.

Yes, there is plenty of money to be lent. Just need good credit and a stable job that isn't in the cross-hairs of a changing economy.

Now if we could only convince the democrats to stop putting fear into the people who provide jobs, we could have a recovering economy.

[Winehole23]

^^^Seems to think the Dems *psyched out* the market.

[Winehole23]

It never occurred to this wino is that all this economy needs is an at ude adjustment.

[Wild Cobra]

It never occurred to this wino is that all this economy needs is an at ude adjustment.

It definitely isn't the only thing needed, but without an "at ude adjustment" nothing else will work either.

[Winehole23]

Ok, fine.

[Winehole23]

(burp)

[Winehole23]

Many of the companies that are killing jobs are profitable and increasing profitability, they aren't going bankrupt, are not losing money.

Sure, why not?

The CEOs are padding their bonuses by cutting payroll costs. And of course, the employees who stay on have to work much harder for same pay, and always under the black clould that they may be next. aka, the wealthy class's War on Employees.

Sure, why not?

It makes no sense to expand in a shrinking domestic market.

[Winehole23]

CEO shenanigans are what they are. Contractual.

[boutons_deux]

"It makes no sense to expand in a shrinking domestic market."

For many of companies mentioned, their revenues weren't down, they are up, increasing, not shrinking.

[Winehole23]

For many of companies mentioned, their revenues weren't down, they are up, increasing, not shrinking.

You mean, their profits were up. That's not the same thing.

[Winehole23]

Central bankers, out of ammo, plead for fiscal boldness:

But they also are hunting for ways to jolt the economy out of its doldrums, and a fiscal push is a possible tool.


In a lunch address by Princeton University economist Christopher Sims, policymakers were told that it may take a massive program, large enough even to shock taxpayers into a different, inflationary view of the future.


"Fiscal expansion can replace ineffective monetary policy at the zero lower bound," Sims said. "It requires deficits aimed at, and conditioned on, generating inflation. The deficits must be seen as financed by future inflation, not future taxes or spending cuts."

http://www.reuters.com/article/us-us...KCN1120SU?il=0

[boutons_deux]

Central bankers, out of ammo, plead for fiscal boldness:

http://www.reuters.com/article/us-us...KCN1120SU?il=0

So the monetary/Austrian boys are now counter-cyclical Keynesians?

USA won't get any fiscal stimulus from the Repug Congress of strict austerians, strict obstructionists, now seen to be the principal reason the recovery from 2008/9 has been so weak and so long.

Thanks, Repugs, you sociopathic mofos.