Higher paying part-time positions with no benefits... the new norm.
Higher paying part-time positions with no benefits... the new norm.
ric flair wrote:
Higher paying part-time positions with no benefits... the new norm.
There's a lot to be said for that.
ric flair wrote:
Higher paying part-time positions with no benefits... the new norm.
Exactly. Precisely. This already happened else where in the world, the US has just recently caught on.
"Higher paying" in terms of raw hourly wage, but far lower-paying in terms of total compensation, ESPECIALLY once the equivalent compensation of benefits is taken into account.
DO NOT BELIEVE THAT THE EMPLOYMENT PICTURE IN THE US IS ROSY.
It's not devastatingly bad, yet, but there is increasingly significant under-employment, significantly decreasing total compensation, and significantly decreasing job security. Brush up on your U1-U6, and check out other indicators and metrics.
Down day, to around 16.2k so far, still within the range I expected.
Maserati,
S&P/Dow will break much lower...the FANG is leading the move down today...the Japanese move to NIRP just led to lower equity prices...the global economy is weak and the US is weaker than most imagine.....
Igy
Maserati wrote:
ric flair wrote:Higher paying part-time positions with no benefits... the new norm.
Exactly. Precisely. This already happened else where in the world, the US has just recently caught on.
"Higher paying" in terms of raw hourly wage, but far lower-paying in terms of total compensation, ESPECIALLY once the equivalent compensation of benefits is taken into account.
DO NOT BELIEVE THAT THE EMPLOYMENT PICTURE IN THE US IS ROSY.
It's not devastatingly bad, yet, but there is increasingly significant under-employment, significantly decreasing total compensation, and significantly decreasing job security. Brush up on your U1-U6, and check out other indicators and metrics.
Down day, to around 16.2k so far, still within the range I expected.
how about a source rather than an empty accusation? that would be like, convincing.
To add to everyone's enjoyment of the "employment numbers":
http://www.washingtonexaminer.com/what-jobs-bls-says-665000-job-losses/article/2582535
eric, I am not here to convince anyone of anything. I am here to see what others believe, how they articulate those beliefs, and how they interpret and use those views they have that might be similar to my own.
Financially, the only person I'm interesting in "convincing", or "changing", is myself.
Maybe one day you will join us at the adult table.
Maserati,
....good response....
Igy
ok I just panic sold something
time to get back in the water, everyone
LinkedOut -44.95% ouch-e-wa-wa........
52 week high 276.18, today 102.81
Amazon's Prime Cut -6.56%
52 week high 696.44, today 501.82
NetFlunks -7.50%
52 week high 133.27, today 82.86
Gaggle -3.07%
52 week high 810.35, today 706.92
FaceSmuck -5.81%
52 week high 117.59, today 103.18
Welcome to the real world of investing home gamers!
Igy
Here's hoping wrote:
ric flair wrote:Higher paying part-time positions with no benefits... the new norm.
There's a lot to be said for that.
For The Owners.
David Kelley of JPM is trying to rally the dip buyers on CNBC.....
Ghost of Igloi wrote:
David Kelley of JPM is trying to rally the dip buyers on CNBC.....
my man Kelley has been right on the economics but wrong on the markets.
week after week the economics are fine.
but the global fires are burning support for the market
one thing that is going on that i just thought of -
after 2000 and 2008 many people said 'there is no way I am riding this thing down 50% again'
so probably they are selling now, based on fear rather than reason.
I'd expect some huge rallies as they all have to jump back in at some point
because things...are...ok
Ghost of Igloi wrote:
LinkedOut -44.95% ouch-e-wa-wa........
52 week high 276.18, today 102.81
Just saw it, crazy.
Maserati wrote:
ric flair wrote:Higher paying part-time positions with no benefits... the new norm.
Exactly. Precisely. This already happened else where in the world, the US has just recently caught on.
"Higher paying" in terms of raw hourly wage, but far lower-paying in terms of total compensation, ESPECIALLY once the equivalent compensation of benefits is taken into account.
DO NOT BELIEVE THAT THE EMPLOYMENT PICTURE IN THE US IS ROSY.
It's not devastatingly bad, yet, but there is increasingly significant under-employment, significantly decreasing total compensation, and significantly decreasing job security. Brush up on your U1-U6, and check out other indicators and metrics.
Down day, to around 16.2k so far, still within the range I expected.
You demonstrate a surprising lack of understanding of basic economics.
Maserati wrote:
To add to everyone's enjoyment of the "employment numbers":
http://www.washingtonexaminer.com/what-jobs-bls-says-665000-job-losses/article/2582535
Enjoyment !!! I think it's depressing that a person is paid to write this garbage. He takes the not seasonally adjusted number from Employment Level of the Household Survey -665,000 and compares it to the seasonally adjusted number +151,000 from All Employees, Total Non-Farm Payroll of the Establishment Survey ( PAYEMS ). The NSA PAYEMS was actually -2,989,000; this occurs every January as all the temporary help is let go. Comparing 1/2016 to 1/2015; there are 2,612,000 more jobs - NSA Total Non-farm . The NSA Employment Level from the Household Survey has 2,485,000 more jobs; 2,571000 full time and -85,000 part time; and from end of recession 6/2009 to 1/2016, full time + 7,397000 and part time + 816,000 ( NSA). Almost all of the employment gains since the end of the recession have been full time.
P.S. The seasonally adjusted number from the Household survey for January was + 615,000 !!!
agip,
Sorry things are not ok. What you see as ok are lagging indicators, leading indicators have been deteriorating for sometime. I have offered evidence of this in the past. More market pain is baked in the cake. Timing is the only issue. The fact that valuations matter was evidenced today.
Igy
Congrats, you got one day right! That should quiet those bulls.
Nutella1,
There were other high valuation story stocks that got spanked today. Another was Tableau Software (DATA) down 48%. Tesla has been getting a booty whipping on a regular basis this year. TSLA hit a new 52 week low today.
I chuckle to myself when I hear stock valuations don't matter. In a Bull Run that appears to be true, but when it reverses it does with a vengeance. There will be more PE compression to come.
Igy