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Subject:  Re: Way OT, my observation of the job market Date:  4/22/2011  10:10 PM
Author:  hockeypop Number:  32736 of 36621

OT: Interesting, that was the topic of our "boy's lunch" for our 55+ Community today. Six very successful people, three employed and three retired (but often still consulting). The concensus was that businesses are hoarding cash and employing part-time when necessary. Inventories are very low with no plans to raise them. Better to have shortages, because of the fear of another recession. "Maximize revenues with what you've got" seems to be the theme. This is very consistent with the entire deleveraging theme. There is still much fear, because sales/revenue could turn quickly with another recession. All of us are happy that we downsized homes to this community. We are in about the top 20% of our colleagues from similar situations because we have saved enough to retire. Those who haven't prepared are facing very difficult times.

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