How To Land a Good Job
It doesn’t have to be like this
All we need to do is make sure we keep buying
Stress test? Job Loss? Flu? Recession? What…Me worry? Noooo.
I’m getting tired of all the wining about job loss and recession. If you can’t find a job improve your skill set or work for less pay. In this guide I will show you how to do the former. That’s my way of ‘giving back’ to those who have been impacted by the worst supposed recession since the 30’s or 70’s or whenever.
As we know, the manufacturing jobs are being outsourced, insourced or automated, but there is still hope for job seekers. The service sector (fast food, Wall-Mart door greeter, nail & waxing salon, legal, healthcare) and high tech (facebook, apple, google, web 2.0, twitter) are growth industries because they create value and profit for employers. This is capitalism & free markets at work.
To work in the higher paying high tech industries it is recommended that you become technologically literate. If you don’t already own a computer, buy one. If you already have a computer make sure it plugged in and has internet and so you can send email.
Then proceed to compose your resume with notepad (make sure your computer has a keyboard before attempting this)
It is advised that your resume include your name, phone number, email address (to show technological proficiency), birthday, height, birth weight, birth height, present weight, hair & eye color, waistline (in an effort to improve efficiency companies are penalizing employees who have heath risk factors such as obesity). The resume should also list your hobbies and talents so that you stand out. For example, list your favorite TV show, travel destinations, movie, sports team, or Looney Toons character. If you have any unique skills (e.g., ability to hold your breath a really long time, extra sensory perception), be sure to list them.
Finally, proceed to email it to employers or put it on monster.com.
Once you’ve completed these steps you will have a competitive edge, and you should start getting high paying job offers almost immediately (check your email!).
I hope this helps.
Someone Call the Whambulance
Non-farm payrolls and other economic indicators are Friday morning
8:30 Non-farm payrolls
10:00 Wholesale Inventories
1:00 PM Fed’s Lacker speaks on economic recovery
None of these will have a negative impact on stocks tomorrow, just as I was right yesterday about the stress tests being a dud. Unless the updated unemployment rate is god awful (10% or higher) the market will brush it off.
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A recent article titled Thursday’s Unemployment Figures: What About Continuing Claims? written by seeking alpha contributor Karl Denninger brought tears to my eyes…from laughter.
he writes..
..Ah. So the number the market “liked” was down 10,750, but the truth is that 133,000 more people lost their jobs than found one last week. That’s very bad news; those are real people who can’t pay their bills and are unable to find a new job to replace the one they lost…
Someone call the whambulance ASAP.We got an acute case of crybaby-itis.
When you try to merge economics with sociology you wind up with sentimental, welfare, humanistic drivel, as opposed to objective economic analysis.
The job loss isn’t such a big deal because the free market will smooth out the edges, and the majority of jobs being shed are inefficient, redundant manufacturing based ones. This is why the potential closure of GM has had no negative impact on the stock market. Outsourcing, automation, and insourcing of manufacturing jobs provide a more profitable alternative than expensive American labor.
The author also fails to realize that unlike Germany or France the United States isn’t a welfare state. People who can’t pay their mortgages will have to relocate to a smaller, more affordable residence. The unemployed could try to relearn new skills or become entrepreneurs by creating services that people want, instead of whining for a handout…boo hoo hoo can’t pay mortgage..boo hoo hoo lost me job…pleaaaaase give me a handout Obama
Stress Test Results Released
Stress test results in: An additional $74 billion is needed.
To be honest, I am very pleased at these results. The market will brush it off. Had been $746 billion we would be be looking at a much worse situation.
Here’s a bank by bank list of capital buffer shortfall:
American Express (AXP): $0
Bank of America (BAC): $33.9B
BB&T (BBT): $0
Bank of New York Mellon (BK): $0
Capital One (COF): $0
Citigroup (C): $5.5B
Fifth Third Bancorp (FITB): $1.1B
GMAC: $11.5B
Goldman Sachs (GS): $0
JPMorgan (JPM): $0
KeyCorp (KEY): $1.8B
MetLife (MET): $0
Morgan Stanley (MS): $1.8B
PNC Financial (PNC): $0.6B
Regions Financial (RF): $2.5B
State Street (STT): $0
SunTrust Banks (STI): $2.2B
U.S. Bancorp (USB): $0
Wells Fargo (WFC): $13.7B
Tomorrow all of these are gonna be up 5-15%. Spy rally 2%. QQQQ rally 2.5%? maybe. Not surprisingly there was no stress. Why? Because if the banks need $74 billion the fed will give it to them, and it’s only 1/10 of the Obama stimulus package.
Debunking the Deflationary Spiral
Another great day for the stock market. It’s not an easy job being right all the time, but someone’s gotta do it. Yesterday, Brian McMorris wrote an article on Seeking Alpha where he purports that we’re in a so called ‘deflationary spiral’. He writes
Deflationary spirals are self-feeding and there is little to stop them. People will spend less and less first through fear, and later because they are unemployed and have nothing left to spend. Unfortunately for this country, we just elected a president who does not get this (not that the previous one did either). Raising taxes into a depression is a very bad idea.
This is wrong.
Surging commodity and gas prices is further evidence the deflationary spiral is bunk. The graphs below show how gas prices, wheat, soy beans, oil, and core prices and corn have all risen in lockstep-just like they did in the 2002-2007 bull market. This is not only bullish for stocks like MOT POT and IPI, but the entire economy and stock market as a whole because inflation is a byproduct of economic growth.
Core prices have remained stable for the past few years, and have recently ticked higher.
Grain and Oil prices also rising in lockstep. No signs of a deflationary spiral because prices have stabalized.
On the other side of the spectrum you have casandras predicting hyperinflation due to quantitative easing, which I will debunk at a later time. Making unsubstanciated, rash claims such as ‘deflationary spiral’ doesn’t lend to ones credibility, and should be avoided by seeking alpha authors.