New Alarm: Rising Temp Labor Force, another step in becoming the next Japan

According to the employment numbers released yesterday, temporary labor jobs were the bulk of jobs created. We are paralleling the formation of Japan's stagflation economy. Read the following link written last month regarding our current deflationary pressured economy.

http://tekatlonworldbusiness.blogspot.com/2009/09/united-states-next-japan-taste-of.html

Hello, can we sound the alarms! Since the 80's Japanese bubble, Japan has been stuck with an economy of older workers and the young workers are stuck with temporary work. Sound like our Greying of America? Then, when Japan's bubble burst, deflation continued and businesses no matter what were unable to make a profit because of the deflation. Furthermore, after 20 years, Japan is still at a 0%interest rate. Sound like the United States? We too are at 0% interest, in a deflationary period, have a greying work force again since their retirement is blown and now the job increases are from temp labor? Scary? and remember that the labor report is for the past month, if it was for this month, it maybe less scary, since we might be able to justify for seasonal jobs, but it is too early to count these into the figures. In addition, Japan and the US are favorable carry trades. Trade the Australian Dollar and the US Dollar and you can reap an additional 4% on your gains. The only thing I do not see happening is US housewifes start currency trading, like the Japanese housewives the past 2 decades. The only way the US dollar will increase in value is by increasing interest rates, but the economy is to frail for rate increases. That is why Obama this week asked China to increase the value of the Yuan/Renminbi. Don't hold your breath on China doing this yet.

The fragility of the United States Economy is very apparent. As Warren Buffet and Lloyd Blankfein have agreed to do an Andrew Carnegie, JP Morgan or any of the Titans of Industry from the Great Depression type of charity work. Aditionally, their are meetings with the government committees and CEO's and Economists on preventing the economy from dropping. CEO's including Rupert Murdoch, Wilbur Ross... some very powerful people. The United States government is and should be very worried right now, especially with upcoming elections and public polls.