2009-06-17 — newsweek.com
"The financial media are desperate to find good news in the troubled finance and housing sectors, the very industries that got us into this mess. This quest for green shoots is frequently comical. Today, the Wall Street Journalfeatured a piece about new jobs in the financial services industry. Why, JPMorgan hired 950 new loan counselors, and a former Morgan Stanley guy found a job with an asset-management company! But given that financial services firms have shed 600,000 jobs since December 2006, that hardly seems like a triumph."
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catherine at 05:42 2009-06-18 said:
great article, this is truly a perfect storm because the largest group of people the baby boomers are done.........they will not be around to buy into the next round of mcmansion sales.............they are doubling up with family or moving into retirement homes or just lost everything on their present housing and not going to go there again, they will rent............. and the other groups are being unemployed.........none of that even figures into the green shooters................ Permalinkadd a comment | go to forum thread
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