Posts Tagged ‘jobs’

“Who did the most damage: Greenspan, Bernanke, or Yellen?…  When Mr. Greenspan took over at the Fed in August 1987, the government owed about $3 trillion… or about 40% of GDP.  Today, the national debt approaches $21 trillion – more than 100% of GDP.  Household and corporate debt levels have shown similar expansions. Overall, for the last 30 years, total (private and public) debt has grown about twice as fast as the economy that supports it….  And now, hundreds of millions of people depend on the EZ money economy created by Greenspan, Bernanke, and Yellen. Their jobs, their incomes, their investments, their retirements – all depend on keeping the fantasy alive.” -Bill Bonner

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“First, the world is changing.  It’s not a good thing or a bad thing.  But your life is going to change with it.  94% of the 15 million jobs created in the past eight years are either part-time or freelance.  The job landscape is changing.  Corporatism, which ruled the world for 100 years, is ending.  Technology and necessity have taken each industry, destroyed it, and then created 1,000 new and different ways to succeed in it.  Understanding what is new in the world is the LAST step in reinvention though.

Every day we are reinventing.  A river doesn’t stay still.  Every time you step into it, it’s a different river.  You and I are that river.  We either move forward or we freeze like ice.” -James Altucher

…spend more when you make more” is a “dangerous temptation.” -Mark Ford

This concept can be a leading cause of the following:

“The Sacramento Bee reports 740,000 Californians over age 65 are still in their jobs (or looking for work).  The number’s about twice what it was 15 years ago.  Higher numbers of seniors in both the 65-69 and 70-74 demographic groups are still in the workforce.” -J. Reeves

“…depriving young people of jobs is like depriving pandas of bamboo shoots: It’s all they have.  Older people can watch their stocks, real estate, and bonds go up in price.  A young person can only look at the ‘Help Wanted’ ads… and hope for a break.” -Bill Bonner

Diamonds

Posted: December 4, 2013 in Thought for the Day
Tags: , ,

“Remember, diamonds are only lumps of coal that stuck to their jobs.” –B.C. Forbes