First time in history that together the Dow has been above 13,000, S&P above 1,400, and Nasdaq above 3,000 - Jobless claims fell by 14,000 this morning, providing further evidence that the US economy may be starting a steady recovery.
Insider Traders are scared "Bullish. Bearish. Brokish!" ..... Those that buy are not the guys that manage the corporations or that are on the boards making the decisions.
You won't believe this but some economists and investors are worried about a bottleneck in the labor force as Baby Boomers retire. That is not good for the economy.
If those predictions are true then deporting a lot of Youngsters out of the USA is a big economic mistake. They are necessary to keep USA as number one.
Since you are not going to believe me, then please read Market Watch :
Market Watch
The looming U.S. labor shortage
Baby boomer retirement will change everything
March 14, 2012
The looming U.S. labor shortage
Some excerpts :
We’re going to need a lot more automation and job destruction from tech and engineering companies. Foxconn using robots to replace up to a million workers is just the beginning, and needs to be. Read “Employment Down? Why Not Teach Computer Science to the Masses?”
Just as the recovery beginning in 1982 didn’t benefit everyone equally and the recession in 2008 didn’t harm everyone equally, the recovery we’re undergoing now will have similar winners and losers. Changes in demographics and technology will be a huge part of the story. It’s time we stop dwelling on the problems of the past several years and focus on building the future.
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