Why Over 8% Unemployment Could Lie Ahead:
The Great Choomer
Posted on 02/18/2013 5:40:40 AM PST by TigerLikesRooster
Why Over 8% Unemployment Could Lie Ahead
BUSINESS NEWS
CNBC.com | Monday, 18 Feb 2013 | 6:17 AM ET
Severe fiscal tightening in the U.S. will lead to no growth or a contraction in the first two quarters of 2013 and will push unemployment over the 8 percent level, according to Lombard Street Research.
The knock-on effect will mean pain for the business sector, with corporate profits falling after a hit to consumer spending power, the firm said.
"Our view that unemployment could rise above 8 percent and that profits will be squeezed reflects a forecast of nil to negative 2013 (first quarter) growth, and further stagnation in (the second quarter)," a Lombard Street report released on Friday said.
(Excerpt) Read more at cnbc.com ...
P!
It’s a current fact, not a future possibility.
Just because the numbers have been manufactured, doesn’t’ alter the truth.
Yes, eggzackly. The real number is a great deal higher than what the Ministry of Propaganda tells us.
Lie Ahead?? It’s already here and has been for the last few years despite the doctored, cherry picked data that the government presents to keep the publicly disseminated number below 8%.
It’s a lot higher than 8%.
How about an article on what the REAL unemployment number is and what it could rise to?
are they kidding? It’s already between 17 and 25 percent
So, we can expect unemployment to decrease by 2/3? It will take that to get it down to 8%.
Belt tightening due to a cut in public sector spending is a necessary part of long term real recovery.
Some questions I use with my kids to demonstrate the objectivity of truth:
If you call a tail a leg, how many legs does a dog have?
Before Mt Everest was discoverd, what was the highest mountain on earth?
...In other business news, the American economy grew last quarter. Unfortunately, it was all negative growth...
Assuming Obama relinquishes the presidency, and assuming we get a Republican president, you can bet the real unemployment numbers will magically start being reported then.
1. High energy prices kept artificially high inhibit many manufacturers from being able to expand, as well as people paying high utility bills from buying services
2. Mining, logging, fishing, refining and pipeline construction work artificially halted due to ecological excuses, preventing high paying work
3. Obamacare prevents employers from expanding and encourages outsourcing work to overseas
Whenever Obama speaks there's a lie ahead.
Whenever Obama speaks there's a lie ahead.
I need a conversion chart - 8% unemployed on the 0bama scale converts to somewhere around 20 - 23% in reality?
Why Over 8% Unemployment Could Lie Ahead:
The Great Choomer
Thanks for the ping.
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