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Because the point of the chart was to try to show that the economy has improved because of numerical jobs gains, it has not improved, it has deteriorated, due to the destruction of good jobs and the creation of McJobs.
I guess we get different things out of it. To me, the chart was showing the gains and losses in jobs since 1999.
this is a great map for seeing where the jobs will be lost once QE ends and economic reality sets in. had we taken our medicine and not wasted 4-5 trillion of taxpayer money - we'd be on the road to a solid recovery. instead it's a hollow economy and bread and circus for the masses - just like they did in Rome. seen any Roman's lately?
I guess we get different things out of it. To me, the chart was showing the gains and losses in jobs since 1999.
At first glance, it would appear that the jobs situation was improving, as there are many areas of gains and a few areas of declines mostly in the Midwest. The problem is that the gains are mostly low pay service jobs, and the losses were high wage manufacturing. If you loose one $50hr job and gain four $10hr jobs, what have you gained?
Not following their connection they are trying to make. If buyers are doing all cash deals, then in theory they are not dealing with credit when it comes to purchasing property. Plus the level of real estate going on now is nothing compared to the last real estate bubble.
The echo bubble being referenced is brought up in connection with BS basket purchases to back their new RBS product. However, many complaints seem to be showing up regarding BS as a property owner/manager.
Invitation Homes Tenant Abuse Shows Incompetence as Well as Malfeasance
quote:
But as reports come in from abused tenants, Blackstone looks not only venal in its efforts to shift costs on to tenants, but positively incompetent. As we’ve written, in most jurisdictions, even in red states, residential landlord can’t shift property maintenance obligations onto the tenant.
...
Is it any wonder that the first Invitation Homes rental securitization showed a 7.6% fall in income a mere three months after the deal was floated?
The comments did not say buyers were doing all cash deals. However, if one thinks there is a credit bubble and one has means then one would use cash, correct? One is always deciding what to use; cash or credit based on the market and type of investment. Repo is another topic in itself, even regarding cash. (Not as simple as mom and pop have some extra cash to invest in RE) It also states they have reduced purchases. No the level is not the same before RE popped. Many people owned homes that are no longer home owners and probably won't be again. Remember, even Bernanke can't get refinanced. (lol)
Not just about RE either. This was the Dow Jones Equity conference.
"The single biggest assumption we make is the multiple we can sell [a company] at five years hence," said Mr. Baratta, and right now those projections do not seem to warrant a lot of deal activity.
However, it was a Repo run that was the big event in the popping. If one has been paying attention there are signs of issues everywhere. Here is one.
Well in essence I think at a minimum, those 2 things are important in a more realistic picture of job gains or losses. Seems to be what others are also saying.
Well in essence I think at a minimum, those 2 things are important in a more realistic picture of job gains or losses. Seems to be what others are also saying.
I agree wholeheartedly, but that isn't what the graphic in question is portraying.
I agree wholeheartedly, but that isn't what the graphic in question is portraying.
But you stated this. The OP also implied more meaning.
quote: I guess we get different things out of it. To me, the chart was showing the gains and losses in jobs since 1999.
However, at best the map is still not showing this. It is only an animation that claims to include data from selective areas (annual net from major metro).
States this, but doesn't make the data used clear.
quote:
Source: US Bureau of Labor Statistics, Current Employment Statistics and TIP Strategies
But you stated this. The OP also implied more meaning.
quote: I guess we get different things out of it. To me, the chart was showing the gains and losses in jobs since 1999.
However, at best the map is still not showing this. It is only an animation that claims to include data from selective areas (annual net from major metro).
States this, but doesn't make the data used clear.
quote:
Source: US Bureau of Labor Statistics, Current Employment Statistics and TIP Strategies
Yes, I guess it doesn't show the total gains and losses since 1999, but attempts to animate them by metropolitan area. Arguing semantics, I reckon.
All I gathered from it, at a short glance, is where jobs increased and decreased year-over-year.
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