“Look for the double digits unemployment to happen in 2009”
I’d be shocked if we don’t see 10%+ unemployment in 2009, particularly in the Northeeast and Midwest. Then, in 2010, inflation will begin it’s assent when all of this phoney money is disseminated into the marketplace by banks being coerced by Washington to lend.
And, people wonder why I cried on Nov 4th.
I also see parallels with the huge inflation and unemployment of Germany during the Weimar Republic.
And we all know what and WHO that led to over there.......
Detroit’s unemployment rate is already over 10%.
and more of it starts flooding back from China and Europe as those governments find they have to raise useful capital by converting it into their own currencies for use by their own pliticians and crooks.