Mish Says 2010 Economy will be Rougher

[asur]

This Mish is pretty well respected in the financial community.
Even he says the November Jobs report looked fabricated!

Tougher times ahead for the US job seekers in 2010
thanks to Obama policies!

http://finance.yahoo.com/tech-ticker/article/386091/Mish-Nov.-Jobs-Report-%22Looked-Fabricated%22-Expect-Harder-Times-in-2010?tickers=^DJI,^GSPC,SPY,QQQQ,GLD,USO,TBT&sec=topStories&pos=9&asset=&ccode=

 

[Mr. Shaman]

This Mish is pretty well respected in the financial community.
Even he says the November Jobs report looked fabricated!

Tougher times ahead for the US job seekers in 2010
thanks to Obama policies!

....Especially for those who do whatever's possible to AVOID any (actual) work.​

"The UCLA Anderson report noted that in prior recessions marketing, finance, research and administrative employees were largely immune from layoffs. Today their jobs are vulnerable and employers are in no hurry to rebuild payrolls in the face of a potential surge in regulation, the report said.

"Indeed, such previously recession-resistant industries as finance, advertising and media have witnessed an unprecedented amount of job cuts. Further exacerbating the employment situation is uncertainty about tax, healthcare and energy policies coming out of Washington," the report said.

But many construction workers who lost jobs during the extended housing slump may be rehired as the homes market, propped up by bargain-basement mortgage interest rates, is "finally on the road to recovery," the report said.

"With 23 percent of the nation's houses with mortgages underwater, foreclosures continue to rise; but we believe that is already factored into the decision making process of both buyers and sellers," the report said.

It predicted housing starts will rise to around 850,000 units next year from an estimated 574,000 this year."