John H wrote:

Good news is really bad news, isn't it?

Umm, no. My point was that the good noews is unfortunately accompanied
by lots more bad.

... Has there ever been a time when no
engineer was looking for work?

Oh yes. The class before mine was 85% recruited before graduation and
100% employed in the field. AFAIK that was the peak.

In the boom years of the middle 1990s we could not hire anybody for a
salary the company could afford.

I'm sure that somehwere, some engineer was looking for a job... but
unless he was a complete idiot he found one quick.


... If the employment rate were 1%, would no
engineers be out of work. The employment rate is better than it was throughout
the 90's, yet there is this persistent whine.

Maybe that's because the unemployment rate is not a true reflection of
how many people are out of work... by which I mean the work they are
trained & qualified for, not pumping burgers...

It is an economic verity: when the demand for capital rises, interest
rates rise. When the demand for goods & services rise, the demand for
capital to create the jobs will rise. So, as long as interest rates are
dead on the floor, so is the economy. Of course, the current picture is
better IMHO than double digit inflation, but then, I currently have a
job. If I was flipping burgers, I'd see it differently.

DSK

DSK wrote:

John H wrote:


Good news is really bad news, isn't it?


Umm, no. My point was that the good noews is unfortunately accompanied
by lots more bad.

... Has there ever been a time when no
engineer was looking for work?


Oh yes. The class before mine was 85% recruited before graduation and
100% employed in the field. AFAIK that was the peak.

In the boom years of the middle 1990s we could not hire anybody for a
salary the company could afford.

I'm sure that somehwere, some engineer was looking for a job... but
unless he was a complete idiot he found one quick.


... If the employment rate were 1%, would no
engineers be out of work. The employment rate is better than it was
throughout
the 90's, yet there is this persistent whine.


Maybe that's because the unemployment rate is not a true reflection of
how many people are out of work... by which I mean the work they are
trained & qualified for, not pumping burgers...

It is an economic verity: when the demand for capital rises, interest
rates rise. When the demand for goods & services rise, the demand for
capital to create the jobs will rise. So, as long as interest rates are
dead on the floor, so is the economy. Of course, the current picture is
better IMHO than double digit inflation, but then, I currently have a
job. If I was flipping burgers, I'd see it differently.

DSK



Herring prefers the simple-minded answers that raise no questions...it's
easier for guys like him when they can believe in their political leader
and not worry about the millions on the fringes...

On Sun, 06 Jun 2004 13:01:26 -0400, DSK wrote:

John H wrote:

Good news is really bad news, isn't it?

Umm, no. My point was that the good noews is unfortunately accompanied
by lots more bad.

... Has there ever been a time when no
engineer was looking for work?

Oh yes. The class before mine was 85% recruited before graduation and
100% employed in the field. AFAIK that was the peak.

In the boom years of the middle 1990s we could not hire anybody for a
salary the company could afford.

I'm sure that somehwere, some engineer was looking for a job... but
unless he was a complete idiot he found one quick.


... If the employment rate were 1%, would no
engineers be out of work. The employment rate is better than it was throughout
the 90's, yet there is this persistent whine.

Maybe that's because the unemployment rate is not a true reflection of
how many people are out of work... by which I mean the work they are
trained & qualified for, not pumping burgers...

It is an economic verity: when the demand for capital rises, interest
rates rise. When the demand for goods & services rise, the demand for
capital to create the jobs will rise. So, as long as interest rates are
dead on the floor, so is the economy. Of course, the current picture is
better IMHO than double digit inflation, but then, I currently have a
job. If I was flipping burgers, I'd see it differently.

DSK

So the unemployment rate was zero at the time you graduated?

John H

On the 'Poco Loco' out of Deale, MD
on the beautiful Chesapeake Bay!

John H wrote:
So the unemployment rate was zero at the time you graduated?

Did I say that? No, here is what I said: "The class before mine was 85%
recruited before graduation and 100% employed in the field. AFAIK that
was the peak." This was speaking of undergrad engineers, specificially
BSME grads from a well regarded university. I wouldn't be surprised if
the engineering class at Wottsamatta U. did not fare so well.

You are supposedly in the education field, John, is this discussion
about economics *that* far above your head, or are you truly blinded to
any fact which does not support Bush/Cheney's propaganda?

Meanwhile, what do you have to say about the implications of interest
rates versus the supposedly booming economy?

DSK

DSK wrote:
John H wrote:

So the unemployment rate was zero at the time you graduated?


Did I say that? No, here is what I said: "The class before mine was 85%
recruited before graduation and 100% employed in the field. AFAIK that
was the peak." This was speaking of undergrad engineers, specificially
BSME grads from a well regarded university. I wouldn't be surprised if
the engineering class at Wottsamatta U. did not fare so well.

You are supposedly in the education field, John, is this discussion
about economics *that* far above your head, or are you truly blinded to
any fact which does not support Bush/Cheney's propaganda?

Meanwhile, what do you have to say about the implications of interest
rates versus the supposedly booming economy?

DSK



Herring is a substitute teacher. Period.

Harry Krause wrote in message ...
DSK wrote:
John H wrote:

So the unemployment rate was zero at the time you graduated?


Did I say that? No, here is what I said: "The class before mine was 85%
recruited before graduation and 100% employed in the field. AFAIK that
was the peak." This was speaking of undergrad engineers, specificially
BSME grads from a well regarded university. I wouldn't be surprised if
the engineering class at Wottsamatta U. did not fare so well.

You are supposedly in the education field, John, is this discussion
about economics *that* far above your head, or are you truly blinded to
any fact which does not support Bush/Cheney's propaganda?

Meanwhile, what do you have to say about the implications of interest
rates versus the supposedly booming economy?

DSK



Herring is a substitute teacher. Period.

Well, that and person with a penchant for child pornography....

"Harry Krause" wrote in message
...
DSK wrote:
John H wrote:

So the unemployment rate was zero at the time you graduated?


Did I say that? No, here is what I said: "The class before mine was 85%
recruited before graduation and 100% employed in the field. AFAIK that
was the peak." This was speaking of undergrad engineers, specificially
BSME grads from a well regarded university. I wouldn't be surprised if
the engineering class at Wottsamatta U. did not fare so well.

You are supposedly in the education field, John, is this discussion
about economics *that* far above your head, or are you truly blinded to
any fact which does not support Bush/Cheney's propaganda?

Meanwhile, what do you have to say about the implications of interest
rates versus the supposedly booming economy?

DSK



Herring is a substitute teacher. Period.

It's better than being the mouth peice of a money grubbing union
organization.

On Mon, 07 Jun 2004 10:05:18 -0400, DSK wrote:

John H wrote:
So the unemployment rate was zero at the time you graduated?

Did I say that? No, here is what I said: "The class before mine was 85%
recruited before graduation and 100% employed in the field. AFAIK that
was the peak." This was speaking of undergrad engineers, specificially
BSME grads from a well regarded university. I wouldn't be surprised if
the engineering class at Wottsamatta U. did not fare so well.

You are supposedly in the education field, John, is this discussion
about economics *that* far above your head, or are you truly blinded to
any fact which does not support Bush/Cheney's propaganda?

Meanwhile, what do you have to say about the implications of interest
rates versus the supposedly booming economy?

DSK

I am thrilled that all your fellow graduates found work. Now, what was the
unemployment rate then? Was it a lot lower than 5.6%?

I refinanced my home one year ago at 5.125% (with no points). My daughter
locked in at 6.3% last month. Today the rates are 6.5% (all with no points). I
would consider that an upward trend, wouldn't you?

John H

On the 'Poco Loco' out of Deale, MD
on the beautiful Chesapeake Bay!

You are supposedly in the education field, John, is this discussion
about economics *that* far above your head, or are you truly blinded to
any fact which does not support Bush/Cheney's propaganda?

Meanwhile, what do you have to say about the implications of interest
rates versus the supposedly booming economy?

DSK

John H wrote:
I am thrilled that all your fellow graduates found work. Now, what was the
unemployment rate then?

Let's just say that 1- you have a job (or at least claim to) and I have
a job, so the verifiable employment rate between us is 100%. But there
are lots of others who aren't so lucky.

Of course, this is a transparent attempt on your part to cheerlead for
Bush/Cheney by pointing out HOW LOW THE (manipulated) UNEMPLOYMENT RATE
IS (yay!!). But that dog won't hunt. The difference between the 1996
unemployment rate (lots of jobs at a high salary) and 2004 unemployment
rates (few if any jobs, and those at low salary) is obvious.


I refinanced my home one year ago at 5.125% (with no points). My daughter
locked in at 6.3% last month. Today the rates are 6.5% (all with no points). I
would consider that an upward trend, wouldn't you?

Hmmm... your daughter is getting ripped off (most likely by your fellow
Republicans).

http://www.nfsn.com/library/prime.htm

The prime rate hasn't budged upward, and the fed has dropped the fund
rates, and bond rates (paid by businesses seeking to expand) are at
historic lows.

It should be obvious to even you and NOBBY that there is a difference
between consumers borrowing at profit to lenders, and businesses
borrowing to increase production for increased profits. OTOH the fact
that somebody is paying slightly higher interest rates indicates some
increase in demand... unless it's a local monopoly (banks around here
aren't charging that much AFAIK).

DSK

"DSK" wrote in message
. ..
You are supposedly in the education field, John, is this discussion
about economics *that* far above your head, or are you truly blinded to
any fact which does not support Bush/Cheney's propaganda?

Meanwhile, what do you have to say about the implications of interest
rates versus the supposedly booming economy?

DSK

John H wrote:
I am thrilled that all your fellow graduates found work. Now, what was
the
unemployment rate then?

Let's just say that 1- you have a job (or at least claim to) and I have
a job, so the verifiable employment rate between us is 100%. But there
are lots of others who aren't so lucky.

Of course, this is a transparent attempt on your part to cheerlead for
Bush/Cheney by pointing out HOW LOW THE (manipulated) UNEMPLOYMENT RATE
IS (yay!!). But that dog won't hunt. The difference between the 1996
unemployment rate (lots of jobs at a high salary) and 2004 unemployment
rates (few if any jobs, and those at low salary) is obvious.


I refinanced my home one year ago at 5.125% (with no points). My
daughter
locked in at 6.3% last month. Today the rates are 6.5% (all with no
points). I
would consider that an upward trend, wouldn't you?

Hmmm... your daughter is getting ripped off (most likely by your fellow
Republicans).

http://www.nfsn.com/library/prime.htm

The prime rate hasn't budged upward, and the fed has dropped the fund
rates, and bond rates (paid by businesses seeking to expand) are at
historic lows.

It should be obvious to even you and NOBBY that there is a difference
between consumers borrowing at profit to lenders, and businesses
borrowing to increase production for increased profits. OTOH the fact
that somebody is paying slightly higher interest rates indicates some
increase in demand... unless it's a local monopoly (banks around here
aren't charging that much AFAIK).

Where's "around here"? Here's a look at the rates in the top 10 markets:

http://www.bankrate.com/brm/news/mtg...p?prodtype=mtg