CNN just suggested that unemployment is expected to rise above 10% in a soon-to-be-released report.
By Daniel at 5 November, 2009, 4:43 pm
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This as part of a recovery, according to this article, “well underway.”
I’m happy. I have what I need right now. I’m not going to be sleeping on the street anytime soon. As far as I can tell, there is still opportunity in the marketplace for buyers, sellers, and laborers who have a decent attitude and a little ambition.
It isn’t today or tomorrow that I am worried about. It is next year, or the next decade. It isn’t the Dow, or how many people have work that really, really matters; it is the question of whether the Dow is actually worth anything, and if our wages are actually worth anything.
Surprisingly, the bottom line issue of an imbalanced global financial system and broke treasury always gets ditched so that we can talk about short term results that only matter if we know that the system as a whole is reliable.
- J. Howard
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