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Originally posted by Rockpuck
reply to post by marg6043
Like I said many, many pages back.. as summer approaches, and especially in fall.. the Unemployment will start going down, continued claims will shrink ......
Because people are getting knocked off.
Not by choice.. as Job losses are beating New Jobs 10:1 right now..
This is the beginning, our future looks brighter when we sweep our people in distress under the rug.
This could be the Black Christmas From Hell.
Either I think this was set up to try to draw attention to the US Currency disinformation campaign being propagated by foreign governments
Originally posted by pause4thought
reply to post by Rockpuck
This could be the Black Christmas From Hell.
...or a White Christmas from Heaven if financial collapse brings decent home & family-loving people together in a new way.
Ever the optimist! (Though you never guessed it from this thread )
North Korean Gen. O Kuk-ryol, who was recently promoted to the country's powerful National Defense Commission, and several of his family members are said to be in charge of producing the fake $100 bills, which are so carefully crafted that they are difficult to tell apart from real U.S. banknotes.
Anyone have any hard numbers that explains how many unemployed workers expired their benefits without finding work? The window for filing unemployment claims stretches only about 6 months from initial job loss doesn't it? Real sad.
The employment data in this recession shows a number of divergences from other recession of the past 40 years. These divergences include:
* The historic relationship between the Birth/Death adjustment and the GDP is massively out of whack. Either GDP will be corrected drastically upward (as much as 6% annualized for the first quarter 2009); or the Birth/Death adjustment has added too many jobs to the employment rolls (too many by 100,000 or more).
* The average duration of unemployment is well above all previous records (since 1948). Since this statistic peaks well after a recession ends, average duration of unemployment may reach levels much higher, possibly 50% or more above previous post World War II recessions.
* The number of people in forced part-time positions is currently between 50% and 100% higher than previous recessions since 1964. This also generally peaks well after a recession ends and
"I think the system basically is sound, I truly do," Bush said. "And I understand there’s a lot of nervousness. . . . But the economy is growing, productivity is high, trade is up, people are working. It’s not as good as we’d like, but . . . to the extent that we find weakness, we’ll move." Bush joked that he had now heard of $4.00 per gallon gas, after he notoriously denied any knowledge of those forecasts in a press briefing in March.
"I believe that in the long run, this economy is going to be just fine," Bush said. In the short term, he said the Treasury Department must go about enacting its plan to buy up troubled assets from financial firms so that credit will start flowing again to consumers.
DETROIT -- They call this the Motor City, but you have to leave town to buy a Chrysler or a Jeep.
Borders Inc. was founded 40 miles away, but the only one of the chain's bookstores here closed this month.
No national grocery chain operates a store here.
The city's 22.8% unemployment rate is among the highest in the U.S.; 30% of residents are on food stamps.
"As the city loses so much, the tax base shrinks and the city has to cut back services,"
Analysts put the current default rate on option ARMs at 35 percent or higher.
blistering pace of foreclosure filings — more than 1 million from March to May alone.
Barclays Capital estimates that at least 37.5 percent of option ARMs originated in 2005 remain outstanding, as well as 63 percent of those originated in 2006 and 82 percent that originated in 2007. Deb and fellow Barclays analysts forecast a 38 percent loss rate for pools of option ARMs originated in 2006 and 48 percent losses for those issued in 2007.
Sen. Bernie Sanders, Independent of Vermont, introduced legislation last week that would order the Commodity Futures Trading Commission to use its emergency powers to stop market speculators from pushing up oil prices.