Discussion in 'Economics' started by crgarcia, Jan 30, 2009.
Historically, during recessions unemployment peaks at the same time stocks bottom?
If you believe that the market "leads" the economy, then unemployment would peak AFTER the market has begun to turn up once and for all.
Stocks bottom before the economy, employment bottoms after
How about understanding that this time around its different and looking at past recessions is no comparison to what lies ahead with this one.
This is the biggest credit crisis in history, do you actually think looking back at other recessions you can compare this one to the rest of the dozen or so we had, the ANSWER is NO....the way everyone thinks its going to work out is not how its going to work out. Unemployment numbers still have a while before they peak, if you think they are going to peak in the upper single digits you are crazy, we will see unemployment continue to move higher, 10%+ is coming in 2009. Stop comparing this recession to every one we have had before because you will be taken by surprise by how different this one will be when its done.
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