Fortune 500: Profits bounce back

[Shpira]

Re: Fortune 500: Profits bounce back

If the profits continue, we'll see the unemployment rate drop. I'm thinking most businesses would like to see a few good quarters of profits before hiring again. My concern is that the profits begin drying up and the hiring freezes continue then the stock market drops. That would likely mean a double dip recession by end of the year. The government needs to avoid raising taxes until we're out of this recession and even lower taxes for middle class people. That would be a much more effective stimulus then give money to the large banks to sit on.

i disagree on every point made here...and we are already in a double dip.

[floridaorange]

Re: Fortune 500: Profits bounce back

i disagree on every point made here...and we are already in a double dip.

Care to elaborate?

[Shpira]

Re: Fortune 500: Profits bounce back

If the profits continue, we'll see the unemployment rate drop. I'm thinking most businesses would like to see a few good quarters of profits before hiring again. My concern is that the profits begin drying up and the hiring freezes continue then the stock market drops. That would likely mean a double dip recession by end of the year. The government needs to avoid raising taxes until we're out of this recession and even lower taxes for middle class people. That would be a much more effective stimulus then give money to the large banks to sit on.

Higher profits does not necessarily equate more jobs....not sure how you see this link. Also most big business have had around 3 quarters and I don't really see an increase in hiring...don't know what its like in the US but I see most of my friends complain that their employer fired a bunch of ppl...work volumes stayed the same ....overtime with no pay increased and profits soared...now they are understaffed and worked to death...not much difference in finance where JPM actually tried to organize two year unpaid internships for grads going with a logic that some work experience is better than nothing! talk about slave labour...cunts.
The "government" should lead a way and introduce a global taxing bill on certain industries such as banking so that any country that does not follow suite is penalised as is any company or individual. I know this is difficult but it is the only way. As for decreasing taxes on the middle class...this would only boost Chinas exports...the Obama administration should keep middle class where it is and focus on the hardest hit...working class and unemployed...those who will spend any extra money on food and basic needs...not cheap shit from China. . .also the issue of the china's exchange rate needs to be addressed with a greater sense of urgency and with full co-operation from the EU.