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SPDR S&P 500 ETF Message Board

  • piezodude piezodude Mar 8, 2013 9:44 AM Flag

    sequester = 20% pay cut x 150,000 fed workers = like laying off 30,000; then you have the birth death lie

    and then you have all the new illegal immigrants and babies born and you need 300,000 plus real jobs (not government lies) to maintain the balance for population growth
    and the jobs are part time, service? not manufacturing
    automation pushes manufacturing jobs down
    650 billion dollar trade imbalance is due to manufacturing jobs lost
    They you have the demographics, whereas all the old farts are collecting their pensions and social security and 401K money = stock selling
    Roubini is right. We will have a massive selloff. And, my guess is that it won't take forever, because everyone from Wall Street to the rest of the world will head for the exits.

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