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homestead - Re: [Homestead] Goldman Sachs Forecasts "Deeper" Recession

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  • From: "Don Bowen" <don.bowen AT earthlink.net>
  • To: <homestead AT lists.ibiblio.org>
  • Subject: Re: [Homestead] Goldman Sachs Forecasts "Deeper" Recession
  • Date: Fri, 3 Oct 2008 21:26:23 -0500

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





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