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I've been reading about massive corporate lay-offs esp associated
with banking mergers for the past 5 years. Seemed everyone just got
a big fat severance package and turned around and got another job for
more money. Otherwise they got rehired as consultants for better
pay. I suppose the payrolls and claims data are confirming the
negative news reports for the past several months. But on the other
hand, a 5.4% unemployment rate is far below the previous 6% standard
of NAIRU(non-accelerating inflationary rate of unemployemnt) commonly
accepted in the early 90s. I, for one, don't personally know anyone
who is out of a job. Aside from some furniture chain store closures,
I really don't see much evidence of a slowdown out here in southern
California...yet.
--- In realtraders@xxxx, "Norman Winski" <nwinski@xxxx> wrote:
> Me,
>
> I am forecasting a better than expected holiday shopping
season. The US
> economiy bottomed last week. You will hear about it in February.
>
> Cheers,
>
> Norman
>
> ----- Original Message -----
> From: "Me Tarzan" <ibe98765@xxxx>
> To: <realtraders@xxxx>
> Sent: Saturday, November 10, 2001 1:50 AM
> Subject: [RT] Layoff's continue to increase
>
>
> > Each layoff likely removes one more shopper for the Xmas season...
> >
> > http://www.msnbc.com/news/555872.asp?cp1=1
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
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