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2009-11-06 Economy
15% unemployment next year?
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Posted by Fred 2009-11-06 00:00|| || Front Page|| [1 views ]  Top

#1 Blow the tanks...take er down...bring on the crash. Where do I report to for my gummit food stamps "Vision" card and free food? I'm sure a new currency will soon be announced.
Posted by Besoeker  2009-11-06 07:11||   2009-11-06 07:11|| Front Page Top

#2 10.2% official number just out - the actual number is much higher
Posted by Frank G">Frank G  2009-11-06 08:47||   2009-11-06 08:47|| Front Page Top

#3 I don't know if the UE number will go to 15 percent or not.

What I do know is what I see: Business is up at the moment, but we are still working 32 hours. We expect to continue to be busy, but we also expect business will drop off sharply and intermittently.

IOW: It will be assholes and elbows for weeks at a time and then it will dead as Joe Biden's upper brain functions for weeks at a time.

No loss and no gain,and we suspect it will be this way for many, many more months to come.

And when the rest of the stimulus is spent in 2010, it will have a profound impact, but not on the economy.

The bullsh*t meter will spike, though.

Maybe that's a lagging indicator.

Dunno.
Posted by badanov 2009-11-06 09:39|| http://www.freefirezone.org]">[http://www.freefirezone.org]  2009-11-06 09:39|| Front Page Top

#4 Can't be 10.2%, but, but, but our leader said it wouldn't! Where's some more Koolaide?
Posted by JohnQC 2009-11-06 12:24||   2009-11-06 12:24|| Front Page Top

#5 It is obvious that 4 day weeks are the solution to increased productivity. Doesn't make sense that some work 5 day weeks and others live in benefits from that work.
Posted by Large Snerong7311 2009-11-06 19:21||   2009-11-06 19:21|| Front Page Top

#6 I already missed Redneck Jim's "vibrant" joke, Large Snerong7311, so it's obvious I'm thinking slowly tonight. Could you translate, please?
Posted by trailing wife">trailing wife  2009-11-06 21:46||   2009-11-06 21:46|| Front Page Top

#7 He may be referring to the French model that hasn't worked either. The problem here is right now according to IBD The underemployment rate — which includes discouraged workers and part-time staff that would like to work full time — climbed to 17.5%, the highest on records going back to 1994. you already have 17% above the unemployed who are working less than 5 days a week, part time. Business would not hire even with a 4 day work week but would simply increase the hours of work of the existing staff and avoid the additional expenses - unemployment, workers comp, other mandated health and employee benefits dictated by the state that come with new employees.
Posted by Procopius2k 2009-11-06 22:39||   2009-11-06 22:39|| Front Page Top

#8 15% unemployment would be an improvement in some parts of the country, actually.
Posted by Cornsilk Blondie 2009-11-06 23:16||   2009-11-06 23:16|| Front Page Top

23:54 JosephMendiola
23:44 JosephMendiola
23:32 Woozle Uneter9007
23:29 Woozle Uneter9007
23:24 Woozle Uneter9007
23:16 Cornsilk Blondie
23:11 Cornsilk Blondie
22:54 Woozle Uneter9007
22:53 Procopius2k
22:39 Procopius2k
22:30 Procopius2k
22:27 Procopius2k
22:23 OldSpook
22:20 OldSpook
22:18 trailing wife
22:16 tipper
22:15 Don Vito Uleash
22:14 Rambler in Virginia
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21:59 tipper
21:59 Glenmore
21:59 Rambler in Virginia
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