Comments on: After this rally I’m still waiting for signs that the economy is in a sustained recovery http://jubakpicks.com/2009/11/19/after-this-rally-im-still-waiting-for-signs-that-the-economy-is-in-a-sustained-recovery/ Mon, 15 Mar 2010 02:20:50 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: GreatDoctor http://jubakpicks.com/2009/11/19/after-this-rally-im-still-waiting-for-signs-that-the-economy-is-in-a-sustained-recovery/comment-page-1/#comment-1885 GreatDoctor Fri, 20 Nov 2009 03:43:49 +0000 http://jubakpicks.com/?p=2233#comment-1885 robert1234, Your guru is wrong. There is plenty of historical evidence that jobs growth trails economic growth. Housing is part of the US economy but certainly not basis of the economy. Manufacturing (your "industrial base") has declined as a percentage of the economy, but that occurred long before the unemployment rate went from 5% to 10% as a result of this deep recession. It is always wise to hedge against the worst, but no need to lock down in the bomb shelters just yet. robert1234,
Your guru is wrong.
There is plenty of historical evidence that jobs growth trails economic growth. Housing is part of the US economy but certainly not basis of the economy.
Manufacturing (your “industrial base”) has declined as a percentage of the economy, but that occurred long before the unemployment rate went from 5% to 10% as a result of this deep recession.
It is always wise to hedge against the worst, but no need to lock down in the bomb shelters just yet.

]]> By: robert1234 http://jubakpicks.com/2009/11/19/after-this-rally-im-still-waiting-for-signs-that-the-economy-is-in-a-sustained-recovery/comment-page-1/#comment-1883 robert1234 Fri, 20 Nov 2009 01:15:47 +0000 http://jubakpicks.com/?p=2233#comment-1883 My guru says that we will see an economic recovery when we see a steady month by month growth in jobs numbers. With the growth in jobs numbers will come a rise in building permits, which will signal a rising demand for household goods. Which will signal a recovery. He says the US economy is built on housing, and until it comes back, the economy will not come back. My guru say, because we have exported our industrial base, and with it the jobs, and we have replaced that with debt ( he calls that financial services ) the jobs ain't gonna come back. I hate to look at the dark side, but I think from here, it's is only going to get worse. Take a look at FORBS Magazine, November 16, 2009 Page 26, it is an article by Ron Paul Titled: Be Prepaired For The Worst . My guru says that we will see an economic recovery when we see a steady month by month growth in jobs numbers.

With the growth in jobs numbers will come a rise in building permits, which will signal a rising demand for household goods. Which will signal a recovery.

He says the US economy is built on housing, and until it comes back, the economy will not come back.

My guru say, because we have exported our industrial base, and with it the jobs, and we have replaced that with debt ( he calls that financial services ) the jobs ain’t gonna come back.

I hate to look at the dark side, but I think from here, it’s is only going to get worse.

Take a look at FORBS Magazine, November 16, 2009 Page 26, it is an article by Ron Paul Titled: Be Prepaired For The Worst .

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