Goodbye jobs, hello QE3?

CNN ^ | 06/03/11 | Nin-Hai Tseng

[BobP]

First comes financial crisis; then comes sovereign debt crisis; then comes financial repression (where government looks for ways to force institutions to hold their bonds. Banks are forced to hold government bonds, for 'liquidity' and pension funds are forced to hold government bonds, for 'safety'). Then comes bailing the banks out all over again.

Bernanke said 2011 growth has slowed to less than a 2 percent in the first three months of this year. The Fed chairman said: ''most of the factors that account for the slower growth in the first quarter appear to us to be transitory.''

Right Mr. Chairman, 'transitory' in the same way the current administration is 'transitory'. The first won't end until the other ends. And I guess if we enter the worldwide socialism club, we'll never have to worry about growth again.

All I know is that if they tell us we had 1.8% growth, it really means we had no growth or negative growth.

It's all fiat money now, meaning that it has value only because the Fed says it does! So we have an unstable economy wobbling atop unsound money. Money that the government takes from taxpayers, or borrows with no intention of paying it back, or prints without end.

Countdown until Obama leaves Office: 596 days as of June 3, 2011.

Hope and Change.... Tragic.

[Tai_Chung]

How many jobs need to be created just to keep up with college graduation rates and other young adults entering the workforce each year?

[Nuc 1.1]

No wishful thinking here. Folks are angrier now than they were at Carter. Course you could be right. We will see.

[TheWriterTX]

Hardworking, God-fearing, gun-toting uber conservatives respectfully requesting permission to join you on the island; after, of coure, we fight beyond hope to restore what still is the greatest country on Earth.

[Diana in Wisconsin]

Approved. :)

[Glenn]

The demand for software engineers is the hottest I've seen it since 2000. The company I work for is losing a few people a month and having a devil of a time replacing them. I get a few inquiries a week from recruiters.

I expect the demand for more visas is not far off.

[TigerLikesRooster]

The demand for software engineers is the hottest

Which industrial sector creates so much demand for new software? Banking/finance, computer game or defense industry?

[Glenn]

Here, in Pittsburgh, medical devices, banks, and analytics are hot. VC capital is flowing to anyone who has a "social" software design. Defense money is going to a lot of west coast companies.

And a general mixed bag of pent up software designs are being funded with all the cash companies have accumulated over the last three years.

That's how I see it.

[Gritty]

The swindlers, wreckers, petty bourgeoisie, and Kulaks are responsible for all this.

Dear Leader and the Vanguard of the Proletariat know just how to take care of these Enemies of the People...

[DuncanWaring]

I think it’s somewhere in the neighborhood of 300,000 per month.