Blogs by Marcus Dino
FIFI'S THOGHTS
11/6/2009 11:03:09 AM
OMIGOSH I WONDER WHAT'S GOING UP FASTER THE UNEMPLOYMENT RATE OR INVESTMENT BANKER'S PAYCHECKS?
I just hear that unemployment reached 10.2% today and that's not even the worst of it. This government 'Bureau of Labor Statistics or 'BLS' rate only counts people who are in the workforce fulltime or are actively looking for work. This so called 'unemployment rate' doesn't count people who have dropped out of the work force because they can't find a job and people who have to take part time jobs because they can't find full time work. When you look at this 'true unemployment' which you can only find at the BLS website because it doesn't want to to get people really upset, the RATE IS AN UNBELIEVABLE 17.5%. I MEAN WE'RE TALKING NEARLY ONE OUT OF FIVE PEOPLE WHO CAN'T EVEN GET A FULL TIME MINIMUM WAGE JOB....MEANWHILE THE STOCK MARKET SEEMS TO COMPLETELY IGNORE ALL THESE MILLIONS AND MILLIONS OF PEOPLE WHO ARE JUST GETTING BY AND THE DOW GOES UP LIKE A HUNDRED OR SO POINTS EVERY DAY. WHAT MAKES THINGS WORSE IS BECAUSE OF THE TIGHT ECONOMY MOST PEOPLE CAN'T AFFORD TO PUT MONEY INTO STOCKS AND OF COURSE IF THE ECONOMY EVER DOES IMPROVE AND MORE PEOPLE CAN PUT MORE MONEY INTO STOCKS IT WILL OBVIOUSLY GO DOWN. So just a greedy lucky few are doing unbelievable well (I heard some young wall street trader is gonna like pull in a 100 million this year
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