Financial Haiku, jobs and the stock market

Published: Wednesday, July 9, 2014 at 04:50 PM.

job numbers higher

stock market sets new record

Good news? Not for all

 

This close to Nashville did not trigger a hidden poetic muse. Several Garrett Planning Network members experimented with financial Haiku and as an advisory board member, I took the plunge. Invented by the Japanese centuries ago, Haiku has style limitations — 17 syllables, broken into five, seven and five phrases, but with a twist.

Good economic data on the nation’s birthday should be reason to cheer. Some people don’t believe the jobs numbers or as Jerry Garcia said, “… got two good eyes but still don’t see.” (Casey Jones) Almost 300,000 jobs were added during June; job growth has been over 200,000 for five months running. To the naysayers, especially on Facebook, an alternate measure of job growth is the number of people who give up looking for work hit a six year low.

Thirty years ago I farmed. In those days, illiterate folks could find a farm job but nowadays computers drive tractors. My high school best friend, Cary Dollar, aka Big Pig, lamented today I would be a better tractor driver than him because of my computer savvy. Agriculture employment numbers have always been low but they are indicative of a growing trend. Automation has replaced many jobs throughout America.



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