BOOMERBUSTER

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OLD CELLO

Wednesday, August 17, 2011

BULLISH EMPLOYMENT NUMBERS PREPARE TO LOSE 40 MILLION OR SO WHITE COLLAR JOBS

Drop in the bucket? 
Bullish for stocks!


This was Alan Blinder's estimate, quoted Steingart, p. 160.


That may approximate the very large numbers of un retrainable politician, or business administration degree holders, or lawyers, or accountants,  or medical personnel, in the country.


Very large numbers........


As Steingart points out, you can't give a virtual massage, or a snooty virtual haircut. Those jobs will remain.

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