10% Unemployment: Good or Bad for the Market? 10 comments
November 09, 2009
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As reported Friday morning, the unemployment rate in the US rose above 10% for the first time since 1982. As shown below, this is by far the fastest rise since continuous data begin in 1948. It is interesting to note that from 9/30/1982, when the rate first rose above 10%, to 7/29/1983, when unemployment first fell below 10%, the S&P 500 gained 34.99%.
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WSJ article, this is not 1983
It's not 1983. It's closer to 1973 in fact. Or 1937.
The decoupling between the US Regime and ordinary Americans continues. The Plantation owners revel and proclaim a boom while the Plantation workers are further exploited and enslaved.
The question is, will Walmart adopt the bullseye logo? I think they should, it is a classier brand identity.
The headlines will be Walmart Target's Target....
Devalue currency by 10% and you may see another 20% rally in the market. Whoppee, and in the meantime those who actually have cash will be crying over their loss in purchasing power. The government certainly isn't encouraging savings or fiscal prudence are they?
On Nov 09 01:39 PM Michael Clark wrote:
> 2 out of 5 Americans who want to work full time can't find a full
> time job. That is a pretty significant statistic. So, where are the
> demonstrators and why aren't they smashing windows on Wall Street?
Oh, what is that?
Those are all the people that are counted as "employed" because they are working somewhere, but they are not working up to what they have skills for. IT people, financial people, etc. who were making $80K-$130Km (or more) are now making significantly less.
If your chart isn't reflecting that segment which has lost significant buying power, then your forecasting of what is coming in the future economy is significantly flawed as these people will not be adding to the velocity to the "recovery" as so many are projecting.
As Rodney Dangerfield would say - you might was well be charting life in Fantasyland.
On Nov 09 01:39 PM Michael Clark wrote:
> 2 out of 5 Americans who want to work full time can't find a full
> time job. That is a pretty significant statistic. So, where are the
> demonstrators and why aren't they smashing windows on Wall Street?