Re: Fed cuts dollar, Fire sales vs FIRE sales, Duh-flation, and Bezzle shrinks again - Eric Janszen
Ed, again very much appreciated.
These unemployment numbers are far greater than any others that I have read. To be sure, you were out with very large numbers months before anyone else. We were seeing 50k or 100k type numbers when you came out with 10M will be lost in 2009. Now that we see 500+k in November your numbers seem very logical. Congrats, again!
I did notice that from your forecast it looks like you think 2010 may be just as bad as 2009. You show an unemployment increase of 5% in 2009 (i.e. 5%/8% = 62% up) and 7% increase in 2010(7%/13% =54% up)!
Holy crap ... when do you see this unemployment rocket stop it's vertical? ;)
Ed, again very much appreciated.
These unemployment numbers are far greater than any others that I have read. To be sure, you were out with very large numbers months before anyone else. We were seeing 50k or 100k type numbers when you came out with 10M will be lost in 2009. Now that we see 500+k in November your numbers seem very logical. Congrats, again!
I did notice that from your forecast it looks like you think 2010 may be just as bad as 2009. You show an unemployment increase of 5% in 2009 (i.e. 5%/8% = 62% up) and 7% increase in 2010(7%/13% =54% up)!
Holy crap ... when do you see this unemployment rocket stop it's vertical? ;)
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