tag:blogger.com,1999:blog-7585635149883470944.post8184989258091208117..comments2023-12-01T14:09:28.947+00:00Comments on Polemic's Pains: Fed surprises market with no surprises! (and other musings).Polemichttp://www.blogger.com/profile/05985506596290073453noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7585635149883470944.post-57353430716407541222014-10-11T18:36:11.019+01:002014-10-11T18:36:11.019+01:00C Says
"Even Tesco shelf stacking can't b...C Says<br />"Even Tesco shelf stacking can't be considered a safe,"<br />There goes my banker if I have bad few years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7585635149883470944.post-5600747455063736402014-10-11T17:37:07.223+01:002014-10-11T17:37:07.223+01:00As for the longer cycle, I do think there is about...As for the longer cycle, I do think there is about to be a hand over from old to young with respect to employment which gets accelerated as industry weightings change. If a manufacturing industry is replaced by a tech firm , or even if retail is replaced by online, I would hazard a guess that the net balance is older folks lose jobs and younger ones gain them. <br /><br />The faster the change in economic structure the faster the young get employed. <br /><br />Even Tesco shelf stacking can't be considered a safe, if low payed, option for the forced pre-retiree.Polemichttps://www.blogger.com/profile/05985506596290073453noreply@blogger.comtag:blogger.com,1999:blog-7585635149883470944.post-14872018821177424172014-10-10T12:18:13.690+01:002014-10-10T12:18:13.690+01:00C Says
I also note that a facet of the '70'...C Says<br />I also note that a facet of the '70's shock was basically more people went to work and eventually this led to income based inflation in the 80's. Interesting to note that the latest shock has tended to lead to older people staying in the workforce longer by necessity. Now if we proceed to get back to fuller employment of the younger generation that have been so widely sidelined then eventually we might see a return to those conditions....but the big question of course is how long does that cycle take?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7585635149883470944.post-47020242315719400992014-10-10T12:13:36.894+01:002014-10-10T12:13:36.894+01:00C Says
In a stagflationary post 2008 world price p...C Says<br />In a stagflationary post 2008 world price pass on non discretionary spending means any recovery is extremely uneven both demographically and by Industry. That's why I have said for years now there will be no sustainable recovery until such time as Energy and materials basically collapse. After you get to that point then then the broad world of business in effect get's a tax cut and the benefits of that can get more broadly distributed. In effect the commodity world had an upsurge in the '70's and went to sleep for a long time then woke back up with China/Asia and has enjoyed itself royally. It's their time behind the woodshed now. Not all deflation as you note is undesireable. A tanking commodity world is QE without the central bank to the rest of us.Anonymousnoreply@blogger.com