The economy isnt nescessarily bad

Post #45,640 by boxley 7/15/02 12:01:33 PM Reply	The economy isnt nescessarily bad The stock market is rapidly closing on its natural base 6500 which reflects single digit P&E across all companies. GE just came down to a single digit P&E. A lot of paper wealth disapeared during the current fall. That wealth was not realized cash in bank, just earnings based on perceived profits so doesnt really affect the economy directly. Because companies are resposible to the stockholders they are scrambling to cut costs, the easiest way is layoffs and streamlining operations. In the long run if done right results in a leaner more productive environment which means a healthier economy. In the short term it is employment shifts from one sector to others. Telecomm layoffs get picked up in other segments such as Insurance and banking for example. thanx, bill ."Once, in the wilds of Afghanistan, I had to subsist on food and water for several weeks." W.C. Fields
Post #45,656 by orion 7/15/02 12:44:17 PM Reply	Why so many layoffs then? If the economy is not bad, why are there so many layoffs? Are companies laying off for no good reason? Are they laying off so they can make more money by working the rest of their employees harder? Why can't I and so many others find a job then? *I am free now, to choose my own destiny.*
Post #45,680 by boxley 7/15/02 4:03:29 PM Reply	good economy and layoffs are not exclusive Sectors of the market such as telecommunications, energy, and badly run pyramid schemes are laying off thousands. Since they have no product to sell why hire people to manage non products? Long distance is getting cheaper by the day. I had ATT send me a check for $70 dollars to go back with them. It will take them 3 yrs to recoup that $70 at the same time they need to keep their network minimally going, everyone else out the door. Now the layoffs are happening but it will mean relocation for many people to places that do have jobs. The jobs just dont happen to be where you are living right now. thanx, bill ."Once, in the wilds of Afghanistan, I had to subsist on food and water for several weeks." W.C. Fields
Post #45,696 by orion 7/15/02 6:34:15 PM Reply	When will the layoffs stop? I am unable to travel to an out of state job, my wife wants to stay here and keep her job here and stay here because she has family here. She doesn't want me to move without her, so she won't let me go out of state. There are jobs where I am at, just have more qualified people for them than I am. I'm competing against ex-Dotcommers and people that got laid off from a high tech hot spot job. Most of them have a better degree than I have, and/or Microsoft certification. *I am free now, to choose my own destiny.*
Post #45,715 by Ashton 7/15/02 8:56:15 PM Reply	Then you are tied to that tiny microcosm. By decision. Best study your local scene minutely, them - for you cannot benefit from even a huge bonanza, just out of your commute range of choice. Or even a hundred mini-bonanzas. Sorry about your limited choices. Maybe starving in StL IS better than ... the limitless alternatives. Must be Quite a Place! Ashton Hmm.. maybe the folks with total veto power can manage to find equivalent replacement income, then. House-husband - though an opportunity to see WHY 'Every Mother is a Working Mother' - can be kewl.. And ya gets to play Doom VII - the Post-Ashcroft Apocalypse ... in between chores. :-\ufffd

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