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Originally Posted by bulldurhamer
no wonder the phony unemployment rate is so "low".
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Phony or not, it's been calculated the same way for decades so it has relative and historical value for comparison.
Quote:
Originally Posted by bulldurhamer
i guess as long as jerome keeps propping up the stock market is is well, eh?
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It's not just our Fed, it's also what other global central banks do that's collectively important. In any case using the Fed as an excuse for not making any return doesn't accomplish anything.
I'm familiar with all the negative talking points that have been out there since say 2011. Guess which bets have paid off in spades since that point in time? The market may go up another 20% before it drops 12% but by god you'll hear them barking for being right.... finally. If they were at least clairvoyant enough to go all-in at the precise bottom they'd do well enough - but they won't because they're always thinking the market will go even lower or that any rise is just a dead-cat bounce so they'll miss the next big leg up.
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Originally Posted by bulldurhamer
wow 43% of the workforce will be "gig" workers next year? talk about a recipe for disaster. gig, as we all know is code for horrible job with no benefits. aka, no unemployment insurance.
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I wouldn't personally know what or how to use unemployment insurance but I've heard it's not a good substitute for a real job. A gig job can serve as a nice bridge for many until they find what they like; better than sitting at home watching the tee vee.
There's two downsides to gig jobs. Nothing is guaranteed; you actually have to get out and work. Some people thrive and love the work for various reasons but nobody is forced into gig jobs.
I am aware that Colorado is ranked low for costs to businesses at 43rd while Arizona, for example, is rated high with 6th lowest costs. Is it possible that Colorado is making it too easy or comfortable for too many to just live off of unemployment payments?