Posted on 09/07/2012 6:05:37 AM PDT by blam
Bump so I can find this later.
The fact is if we count the people that have given up their hope of finding a job or we counted the students that have graduated and are unable to find their first job and all the retirees that have lost their nest egg and need to but cant find a job to reenter the work force. The real unemployment rate would be approaching 20 percent.
I heard something new the other day.
People are reporting that their “new 401k plan” has no cash equivalent money market option,
and that the “safe harbor fund” that is offered is heavy in gov’t treasury bonds.
Backdoor nationalization of 401k’s, anyone?
That is an interesting graph. Looks like the last three recessions have been a lot slower recoveries for job losses. That should “stimulate” some discussion.
“They refuse to attack the systemic problems but rather kick the can down the road, make things worse and pray they are not sitting in the chair when hyper inflation and credit defaults set in.”
Which is what I think Hillary and Bill are banking on for 2016. I think they feel that things are inevitably going to worsen, and that they would rather sit back and position themselves as potential saviors for 2016 than to be in the chair when financial meltdown occurs.
That said, I really believe that the whole mess could turn around rapidly if Romney (or anyone who actually believes in capitalism) takes office. At that point the money on the sidelines jumps back in and things start working again.
exactly, but we all know how this media covers and lies foer their messiah and their party.
What pisses me off is that we have so many dopes that they actually think they are being told the truth about this unemployment figure, they see an AD and tey saw oh great things are better.
Is the fed buying gold?
The good news is that any easing won’t take effect for months. Too late to help The Disaster.
He is going down like the Titanic.
Now you’re talking. Too bad you didn’t give the RATs that idea a week ago, it could have been a major plank in their platform.
Don’t bet on “hyper-inflation”. When construction is dead and housing prices not recovering there won’t be any inflation defined as a rising general price level.
Issuing money by legitimate issuers has nothing to do with “counterfeiting”.
I have seen many predictions out there that QE3 will put us over the edge. Everybody get ready.
$2,000/oz. by Xmas or Bust, Baby!
1 Trillion Yuan ??
what’s that, 25 bucks? ;-)
I visited a company today and they were concerned about a rumored East Coast Dockworkers strike said to be coming the end of the month. They are already experiencing delays in container availability and expect that to get worse.
In other words, Obama has caught Carter, economically.
“Hyper-inflation” is a phenomenon in which everyone has lost faith in the currency in question and anyone who has it is trying to unload it for whatever they can get for it, leading to 100%-per-week price increases, not mere “10%-per-year” increases.
If our government keeps spending a terabuck per year that it doesn’t have, hyperinflation is coming here.
” - - - nothing to do with “counterfeiting” - - - “
Really?
When the GDP is flat or negative, year to year, and some jerk-water Princeton Professor prints paper/rag “money” at a faster rate than the year before, Enema Ben is not trying for “quantitative easing,” he is just adding money with no value to a constipated system that can’t budget.
The only thing worse than a non-Goverernment counterfeiter is a Government counterfeiter.
In other words, between the 9/11 attacks and their effects, Bush's mistakes (yes, he made some big ones), and Obama's anti-American policies, we have lost all the gains since the start of Ronald Reagan's presidency. Those who accuse Obama of being incompetent should look at Obama's goals and accomplishments. Obama is celebrating. As the community organizer says: "our plan is working!"
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