Posted by Sacha in /dev/null, English.
Is the economy really doing better? We keep getting “positive” information from official sources, but Roubini isn’t that convinced it seems:
Think the worst is over? Wrong. Conditions in the U.S. labor markets are awful and worsening. While the official unemployment rate is already 10.2% and another 200,000 jobs were lost in October, when you include discouraged workers and partially employed workers the figure is a whopping 17.5%.
While losing 200,000 jobs per month is better than the 700,000 jobs lost in January, current job losses still average more than the per month rate of 150,000 during the last recession.
Also, remember: The last recession ended in November 2001, but job losses continued for more than a year and half until June of 2003; ditto for the 1990-91 recession.
Ouch, not good, but much more in line with my intuitive perception of the market situation.
On a more positive note, a blog post by Vishal Sikka from SAP (as discussed on TSS) asking ORCL to put Java in a proper foundation à la Eclipse. Most commentators focus on the MySQL part of the SUN/MySQL deal, but the Java aspect is much more important: Java is a much bigger ecosystem than MySQL is and will ever be, impacting about half of the new applications developed in the world. Consequently, I am very happy to see SAP step up and make a public promise on its Java investment in case ORCL behaves. My only criticism to SAP? JCP EC members are not supposed to publicly disclose information discussed during the EC meeting – which Vishal Sikka did in his blog – not classy.
Last but not least, a Russian artist shows his “deep” understanding of women’s anatomy. Very impressive.