Leanan wrote:Employers are reluctant to fire and to hire. They don't want to lose good talent, and they don't want to take away people's means of support unless it's absolutely necessary. So even after the economy starts going south, it takes awhile before the layoffs reflect that.
And when the economy improves, businesses are slow to hire. They don't want to shell out for new workers until they're sure the recession is over.
Companies will start buying software, equipment, machines, etc. once they expect business conditions to improve in the future. It's all about future expectations.
We are now in the 19th month of this official recession. In the first half of the recession the US lost 1 million jobs but in the second half another 5 million jobs were lost.
“It looks to me now as if the markets are now pricing in a rapid recovery, that they’re pricing in a V-shaped recession, which I consider extremely unlikely,” Paul Krugman, 56, said at a forum in Shanghai today. “The market seems to be looking as if this is going to be an average recession, but it’s not."
Hey short,
What does that "OH Sh-t Moment" mean? Is it the end of US govt solvency you talked about?
Six months, huh? Wow. I hate to think what that means to the average Joe/Jane. I think it would be better for all if it came as a slow dawning of awareness, than, say, some tipping point event that galvanizes everyone.
Users browsing this forum: No registered users and 16 guests