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-John Williams of Shadow Government Statistics would put the "real" rate of unemployment up around 23 percent after adding in all workers that have given up looking for work and all underemployed workers.
Originally posted by Vasa Croe
Originally posted by benrl
This and the Hindenburg omen being triggered, might be up for some interesting economic times.
Ummm....yeah and the number of times it has been triggered. Looks to be a hard time coming.
Wall Street's chart gurus have spotted the ominous "Hindenburg Omen" in the stock market today.
Today's sighting is the sixth one in just eight days, and that's pretty significant for folks who believe history repeats itself.
It's extremely rare to see as many Omens occurring together as we've seen over the past 50 days. The last time was prior to the bear market in 2007. The time before that was prior to the bear market in 2000.
edit on 8/15/13 by Vasa Croe because: (no reason given)
Doomers will argue that this only supports their case for a major 1987-style sell-off. But Art Cashin warns that this obviously isn't a sure thing.
Originally posted by nosacrificenofreedom
reply to post by arjunanda
I am expecting the other shoe to drop any day now but the truth is I've been expecting this since 2010 and it probably would have if the big banks, government and the likes were not fudging the books so much! Nothing is
as it seems, the markets are infusing their own corporations with profits and borrowed monies. The US government and media keeps telling us "all is well" and "we are in a recovery"! There is weakness at every turn and there are no more bubbles that can prop this sinking ship back afloat! When this final bubble burst there will be nothing left to prop it up with but the blood pumping through our veins! I predict there will be global wars with possible limited nuclear responses and massive terrorist attacks as fears abound with our fight and flight instincts kicking in!
God help us if I'm right this time!