tag:blogger.com,1999:blog-6853652561570852704.post5430973865928990519..comments2023-11-03T09:24:23.811-04:00Comments on Wall Street Mess: The United States of ZeroTony D'Altoriohttp://www.blogger.com/profile/13546111527301954905noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6853652561570852704.post-39698367041919405882012-01-21T20:11:42.854-05:002012-01-21T20:11:42.854-05:00I do not believe that the recent jobs report is re...I do not believe that the recent jobs report is really anything to get very excited about. We will need job growth of two hundred thousand a month for years to have any hope at all of bringing down the unemployment rate. If you take a deeper look into the data you will find that much of the increase in employment was temporary employment during the last couple of months of the year. I believe that much of the current employment problems stem from a lack of real wealth creating companies. Untill the country gets away from all the jobs in the financial service sector. I believe that the unemployment situation will not improve. Jim Rogers has stated this in many of the interviews that he has given to the news media that the financial services sector is much to large. Jim Rogers also believes that the savings rate must be much higher if we are to sustain any high degree of economic growth. Many retailers can make more money loaning money to their customers at 20% interest than they can make selling product to their customers. What does that tell you about jobs.Penny Stock Investinghttp://www.manhattancalumet.comnoreply@blogger.com