[Homestead] Goldman Sachs Forecasts "Deeper" Recession

Don Bowen don.bowen at earthlink.net
Fri Oct 3 22:26:23 EDT 2008


The current reported U-3 unemployment rate is 6.1%.  The real U-6 rate is
closer to 11%.  The predicted 9% could easily approach 15% or greater U-6
rate.  During the depression of the thirties it was 25% but we did not have
as many social programs that keep people off the workforce.

http://www.bls.gov/news.release/empsit.t12.htm
http://krugman.blogs.nytimes.com/2008/10/03/the-track-record/

More than likely the most secure jobs will be in bushies massive homeland
security department.

I keep saying the next few years could be very interesting.  I have spent a
couple of days rethinking some of my plans and leaning more toward hunker
down and safe harbor.

Don Bowen  KI6DIU
http://www.braingarage.com/Dons/Travels/journal/Journal.html



More information about the Homestead mailing list