You know what ticks me off about the economy?

[Mahler]

Corporations make massive job cuts to improve the bottom line.
Stocks go up.
Then jobless figures come out
and
uh, huh,
you guessed it.
Everybody panics and stocks go down.
Where do these idiots think the increase in the jobless count came from?

[RedLefty]

It's tricky.
Some of the cuts are necessary for corporate survivial.
But when unemployment gets too high, consumer spending drops and retail revenue goes down.
Which may mean more corporate income shortfalls, so the companies reduce their forecasts.
And that's what really hits the stock valuations.
So it's sort of an indirect effect of unemployment.
But the bright side, in the short term, is the low inflation, if you follow the Phillips curve.
If you're a Keynesian economist, though, then ignore most of what I just said.
Somebody email me in an hour and tell me what the hell I'm talking about.

[Phaedrus49er]

Originally Posted by Mahler

Corporations make massive job cuts to improve the bottom line.
Stocks go up.
Then jobless figures come out
and
uh, huh,
you guessed it.
Everybody panics and stocks go down.
Where do these idiots think the increase in the jobless count came from?

I thought you kept your savings under the mattress

[eastcoastsurfer]

Government intervention.