Friday, January 9, 2009
Great Depression II
If we calculated unemployment now they same way we did in the 1930's our unemployment rate would be 16.5%. This is important because I did an informal survey and believe that real unemployment might actually by about 20%. We are sliding into a depression. The 6% figure that news quotes is a lie.
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1 comment:
Here it comes. Great Depression 2.0 as in a major upgrade on pain. Get ready for gold to be illegal again.
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