Jobs disappearing in the FIRST wave of the Kondratieff

Well Folks, the following article does ineluctably prove that it ain’t getting any better and that is exactly what we would expect if our warnings of the three Super-Tsunami “Kondratieff” Long-Waves are true.

For a clearer understanding of the economic landscape now associated with the the several years-long “Kondratieff” triple wave phenomena, the following excerpt is offered from the “New Normal” page at www.polestarcomm.com.

“The “New Normal” of a decades-long Real Estate Deflation of ALL Commercial and Residential "Bubble" priced RE and a steady and increasingly pernicious Commodity Inflation will depress the Public Psyche for many, many years, as the Monetary and Fiscal Authorities of ALL Nations fight the unrelentingly depressive effects of the "Kondratieff" Long-Wave, to no avail.

The public's Psyche is now struggling with the adjustment to a real shocker, i.e. the continuing DEFLATION of the US consumer's primary asset, i.e. their home. This unpleasant and totally unexpected phenomenon is starkly juxtaposed against soaring commodity prices that will continue to soar as long as the Fed is intent on exploding the Monetary Base via successive Quantitative Easing (QE) campaigns.  QE 3 is now a foregone conclusion and promises severely impacted prices of food and energy.

So, over the next several years, while US "Bubble" priced Commercial and Residential RE prices are imploding, the level of incomes will be stagnating or collapsing, the number of good-paying jobs will be evaporating, the level of ALL taxes (local, State & US) will be inexorably rising, the prices of everyday necessities will be exploding and the Public's Psyche will be negatively impacted - day after day after day after day for many, many years into the future - until it is totally crushed in the onslaught of the "Kondratieff" Long-Wave. …”

So, in our opinion there will be deflationary economic phenomena associated with the Kondratieff that all companies had best be aware of, if they wish to survive and prosper in the turbulent times ahead amid the continuing systemic erosion of the employment landscape for Americans, primarily because there will be less and less aggregate income generated over successive years as this country’s economic devolution is accelerated in the second and in the third waves of the Kondratieff!

And the second article does identify the depth of the public's malaise out there.

All of these elements – together - will negatively affect the aggregate demand for all things, except at the upper price points of all things, as only the super wealthy will prosper in the “New Normal.”

Job Openings in U.S. Decrease by Most in Almost Four Years

Bloomberg; By Michelle Jamrisko - Jun 19, 2012 11:04 AM ET

“The number of open positions dropped by 325,000, the biggest decline since September 2008, to 3.42 million from 3.74 million the prior month, the Labor Department said today in Washington. Hiring slowed from the prior month and firings climbed.

The decrease in openings coincides with the slowdown in hiring seen in April and May, signaling employers are pulling back as the economy cools. The number of jobs available is down from an average 4.46 million in the two years before the recession began, showing the labor market continues to struggle.

“The most worrisome development is this big drop in hiring,” said Harm Bandholz, chief U.S. economist at UniCredit Group in New York. “If you have the outlook that  (IF) things are getting little bit better, you eventually have to hire more people. But the fact that this is not happening -- that’s worrisome.”

… The number of people hired declined to 4.18 million in April from 4.34 million the previous month, today’s report showed. The hiring rate fell to 3.1 percent, the lowest since July.

Professional and business services led the drop in job openings for the month, followed by manufacturers, retailers and government agencies.

…The number of people fired climbed to 1.72 million from 1.65 million in March.

Companies looking to cut costs amid sluggish growth may add to the lot of unemployed. Verizon Communications Inc. (VZ), the second-largest U.S. phone company, offered exit packages to 1,700 technicians and call-center workers this month, a move that may lead to hundreds of job cuts if enough employees don’t volunteer.

In the 12 months ended in April, the economy created a net 1.8 million jobs, representing 50.9 million hires and about 49.1 million separations, today’s report showed.

Considering the 12.5 million Americans who were unemployed in April, today’s figures indicate there are about 3.7 people vying for every opening, up from about 1.8 when the recession began in December 2007. 

Rasmussen: 62 Percent Feel Country Is In Recession

Money News; Monday, 18 Jun 2012 07:58 AM; By Forrest JonesShare

"... The Rasmussen Consumer Index, which measures consumer confidence on a daily basis, dropped three points on Sunday to 84.9. The index is down a point from a week ago, down two points from one month ago and down four points from three months ago.


"Sixty-two percent (62 percent) of consumers believe the United States is in an economic recession, while 20 percent disagree," Rasmussen reports.

Investors feel just as gloomy about the economy as do consumers.

The Rasmussen Investor Index fell two points on Sunday to 91.2, just above a five-month low last week. 

...   "Among investors, 61 percent say the economy is in a recession and 24 percent disagree," Rasmussen finds. . . . "