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Banks told by Fed to test for 12% unemployment
Market Watch ^
| 11/15/2012
| Ronald D. Orol
Posted on 11/15/2012 3:47:54 PM PST by Obadiah
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The Fed stressed they were not making economic forecasts but rather hypothetical scenarios...Yeah, uh, huh. And in Obama's world, 12% unemployment is Obamaspeak for 21% actual unemployment.
Brace for impact.
1
posted on
11/15/2012 3:47:57 PM PST
by
Obadiah
To: Obadiah
Rev Wright, er, Obama’s chickens coming home to roost.
2
posted on
11/15/2012 3:51:05 PM PST
by
Jim Robinson
(Resistance to tyrants is obedience to God!!)
To: Obadiah
3
posted on
11/15/2012 3:52:40 PM PST
by
molson209
To: Obadiah
Assume the brace position. Bend over and kiss your .... goodbye because this crate is going down.
Obastard is in the cockpit and if there is any justice he will be the first to feel the impact. The rest of us are being taken along for the ride.
Good luck. I hope to see you in the survivors circle.
To: Obadiah
At this rate we’ll be there before Christmas.
5
posted on
11/15/2012 3:58:18 PM PST
by
bereanway
To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...
6
posted on
11/15/2012 3:59:50 PM PST
by
Nachum
(The List was hacked- www.nachumlist.com)
To: Obadiah
Barack is Arabic for Vladimir and Hussein is Arabic for Lenin?
To: Obadiah
8
posted on
11/15/2012 4:04:41 PM PST
by
APatientMan
(Pick a side)
To: bereanway
No kidding.By inauguration day at the latest.
9
posted on
11/15/2012 4:07:01 PM PST
by
Farmer Dean
(stop worrying about what they want to do to you,start thinking about what you want to do to them)
To: bereanway
At this rate well be there before Christmas.
Maybe before Thanksgiving. I smell a huge SPLAT coming up all over.
10
posted on
11/15/2012 4:08:49 PM PST
by
txhurl
(Once you go Asian, you never miss an equation.)
To: Obadiah
The District of Criminals and their Media Posse have been lying all along. Now that Obie Won is in the drivers seat for 4 more years the veil of deceit will be dropped.
I hope everybody that voted for Mr. 19th Hole that isnt a hard leftist, but just thinks he so cool - feels the full impact of how they were used and fooled by the Rat party when the hard times hit.
They are hitting 100,000’s already and its going to get worse.
11
posted on
11/15/2012 4:10:42 PM PST
by
Gasshog
To: bereanway
12
posted on
11/15/2012 4:11:15 PM PST
by
libertarian27
(Check my profile page for the FReeper Online Cookbook 2011)
To: Obadiah
At 12%, I think a U6 of 21% is optimistic. Because after an extended period of high unemployment, I would expect the U6 curve to rise faster than basic unemployment. My guess? At 12% basic unemployment, the U6 could be from 24% to 30%.
More so, large parts of the retail economy will go “off line”, for things like barter and semi-barter transactions. Some municipalities will develop scrip markets (which were used hundreds of times during the GD), as they are a big plus at a local level.
13
posted on
11/15/2012 4:14:47 PM PST
by
yefragetuwrabrumuy
(DIY Bumper Sticker: "THREE TIMES,/ DEMOCRATS/ REJECTED GOD")
To: libertarian27
Need someone to ‘shop Obamaville on there.
14
posted on
11/15/2012 4:15:19 PM PST
by
Obadiah
(Americans said, "Give us Barabbas!")
To: yefragetuwrabrumuy
Okay then. Thanks for the good cheer!
15
posted on
11/15/2012 4:16:52 PM PST
by
Obadiah
(Americans said, "Give us Barabbas!")
To: MIchaelTArchangel
Barack is Hebrew for "lightning"....or should I say... Lightnin'?
(Old B/W movie goers should get that)
16
posted on
11/15/2012 4:18:06 PM PST
by
Roccus
To: Obadiah; Sequoyah101
17
posted on
11/15/2012 4:27:11 PM PST
by
Chode
(American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
To: Chode
Corrected!
18
posted on
11/15/2012 4:33:51 PM PST
by
bayouranger
(The 1st victim of islam is the person who practices the lie.)
To: bayouranger
pretty much...
19
posted on
11/15/2012 4:36:44 PM PST
by
Chode
(American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
To: bayouranger
Bwahahahaha... that’s hysterical (as in funny).
20
posted on
11/15/2012 5:02:27 PM PST
by
Obadiah
(Americans said, "Give us Barabbas!")
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