Greenspan speaks three times next week, so that probably explains the
boost in the dollar today. Mr. G always "front runs" good news for
his speeches.
Still, how out of touch is Greenspan?
He seems to think that the answer to job loss is GOING TO COMMUNITY
COLLEGE!
Indeed, community colleges are the new graduate school!
EVERYONE IS DESPERATE FOR A READILY MARKETABLE SKILL NOW!
FORGET THE B.A. M.A. AND PhD track! THAT'S SOoooo 20TH CENTURY!
Only question is: How many nurses aides and network support people
can we absorb before EVEN THAT is fill up!
THE US JOBS MARKET HAS BEEN TRASHED.
AND IT WILL BE INTERESTING TO WATCH GREENSPAN AND DUBYA AND OTHERS
RESPONSIBLE TRY TO "EXPLAIN" IT AWAY DURING THE ELECTION.
http://www.federalreserve.gov/boarddocs/speeches/2004/200402202/defaul
t.htm
