Jun 13 2009

20% U-6 Rate by End of 2009: Employment Situation: Economic Indicator of Hours Worked Dropping at Fastest Pace Since 1970s. A Key Financial Leading Indicator. 7 Million Unemployed since Start of Recession.

The headline number of 9.4 percent unemployment doesn’t do any justice to the 26,000,000 unemployed or underemployed Americans.  Last month, we saw the unemployment situation improve when only 345,000 job losses came online.  This sure beats the 500,000+ months we had for six consecutive months.  Yet the actual unemployment rate jumped from 8.9 percent to […]

Jun 6 2009

Real Unemployment Situation: Approximately 26,000,000 Unemployed or Underemployed. Job Growth in $10 per Hour Jobs while $20 per Hour Jobs Disappear.

On Friday, we learned that the unemployment rate jumped to 9.4 percent from last month’s 8.9 percent.  The BLS data surveys 160,000 businesses and government agencies that affect roughly 400,000 people so the data does cover a large portion of Americans and gives us a good sample size.  The markets were largely moving sideways on […]

May 9 2009

24,700,000 Unemployed or Underemployed Americans: Job Losses Accelerate with 6 million unemployed over last year. Real Unemployment rate now at 15.8 Percent.

It is hard to believe what is taken as good news.  539,000 jobs were lost in April yet this was taken as a positive because it wasn’t 600,000.  Forget about the fact that the revised number for March was moved upward to 699,000 from an initial 663,000.  So it may be the case when the […]

Apr 22 2009

10 Charts Showing a Prolonged Global Recession: Credit Markets, Housing, and Equity Markets point to Lengthy Economic Contraction.

The IMF came out with a global report on the economy in October of 2008.  Since that time, the global economy has deteriorated even further and the IMF has issued another report.  I went ahead and looked at both documents and from what is presented, there is very little reason to believe we will see […]

Apr 16 2009

Why There will be no other Bubble to Save us from this 40 Year Financial Bubble: From Manufacturing, Technology, and Financial Services. Real Estate Bubble. Drop in Corporate Tax Receipts.

This recession is already the longest since the Great Depression.  Now merely saying that this recession is the longest does not expose the magnitude and depth of the economic damage inflicted on the market.  $11.2 trillion has been wiped off the balance sheet of American households.   In this article I want to examine a few […]

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