18% Unemployment prediction.

Americans seem incapable of grasping the possibility.

Hey I do not want to see 18% unemployment but unfortunately things point that way.

 

spain? who gives a fock about spain??

 

We are already at 20% unemployment using true figures!

 

U6 is already 18%, or something very close to it.

 

We WILL hit 12.5% minimum unemployment, and once that firewall is breached, things could very easily spin out of control and hit the 15% to 20% official unemployment range.

Hell, we're at 18%+ now, if you look at the real numbers.

 

Everyone has their own numbers, bias and agenda. It's funny, isn't it?

 

Look at www.ShadowStats.com .You will see measure are already in the teens when you count people who unemployment already ran out and those who are underemployed.

 

If these 500,000 monthly NFP numbers don't start to

improve soon you can forget a recovery.

 

Well, our POTUS sure would love to implement a Spanish style government if the truth be told.

I doubt that we'll reach 18%, but I think 12-14 is well within reach.

 

I agree with the previous poster on U6. When you add the underemployed, you get a much higher figure. U6 is a better gauge of financial stress as well because the lifestyle they have been accustomed to may not be maintainable.