Discussion in 'Economics' started by canmo, May 21, 2009.
Just an opinion:
Blah blah blah...
...You have a bunch of simpletons on ET and CNBC who love parroting the 'jobs are a lagging indicator' line, 'buy, buy,buy.'
Except when they're not. As in when you have a structural, permanent economic change, and the very number and nature of jobs changes, which is precisely the case the U.S. faces right now.
Look for a 12.5% to 15% national unemployment rate withing 12-18 months.
We are in for one helluva' ride. Buckle up.
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