US jobless claims Thursday report

Discussion in 'Economics' started by canmo, May 21, 2009.

  1. canmo


  2. 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.