Thread: Geithner: Job growth should resume by springtime

Geithner: Job growth should resume by springtime



michaelr: Geithner needs to be hung until dead!



This lying prick. You people want a time line on the total collapse, there are times when I get that wrong, and some of you give me shit about it.



Geithner has been saying this same shit, and moving time lines, where is this Keynesian dick head's lack of confidence??

[quote name='william the wierd' date='25 December 2009 - 05:42 PM' timestamp='1261791749' post='86064']

The yield curve (the difference in returns on 2 year vs. 10 year treasuries) indicates one of three outcomes in our future:



Stagflationary blowout. Your scenario.



Robust recovery. Geithner's scenario.



The US improving vs. the rest of the world. The scenario I favor.



The reason I hold to the third possibility is that:

PIGS (Portugal, Italy, Greece and Spain) are experiencing ratings downgrades that are causing huge problems in their debt servicing.

Northwestern Europe has too much exposure to the ME and eastern Europe and may experience downgrades real soon.

The China/Australia bubble has not yet burst. (I may have misread the exchange rate effect but it looks like Australian housing costs more than US housing despite significantly lower per capita GDP.

Japan has been treading water for two decades now with several near death experiences.

Brazil is overleveraged.

Russia is having problem

Africa is having severe problems

Latin America is a mixed but generally bad bag.

With the exceptions of India and Canada the US looks really good compared to the rest of the world but that is not the same as looking good.

[/quote]

Umm, gee William,they're not the only ones losing their ratings.



Moody's Warns U.S. Could Lose Triple-A Rating



After the shock and awe of the two new budgets passed in the last couple of weeks, I expect to see this nation to be in the same boat as the 'PIGS' nations. This increase for the dollar will not be maintained, and this time it will hit lows around 71~. That will be when the 2010 crisis hit, and it will hit with a vengeance.

[quote name='Chad750' date='26 December 2009 - 12:32 PM' timestamp='1261859552' post='86309']

Geithner may be right Mike, there will be more jobs in the spring, doesnt the gov. have to hire census workers next year, and other people for low paying jobs that will end very soon.



But hey at least there will be jobs in the spring.

[/quote]

I never thought of that, but yup, a job is a job, even if it costs millions.