Seen on the street in Kyiv.

Words of Advice:

"If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

“The Mob takes the Fifth. If you’re innocent, why are you taking the Fifth Amendment?” -- The TOFF *

"Foreign Relations Boil Down to Two Things: Talking With People or Killing Them." -- Unknown

“Speed is a poor substitute for accuracy.” -- Real, no-shit, fortune from a fortune cookie

"Thou Shalt Get Sidetracked by Bullshit, Every Goddamned Time." -- The Ghoul

"If you believe that you are talking to G-d, you can justify anything.” — my Dad

"Colt .45s; putting bad guys in the ground since 1873." -- Unknown

"Stay Strapped or Get Clapped." -- probably not Mr. Rogers

"The Dildo of Karma rarely comes lubed." -- Unknown

"Eck!" -- George the Cat

* "TOFF" = Treasonous Orange Fat Fuck,
"FOFF" = Felonious Old Fat Fuck,
"COFF" = Convicted Old Felonious Fool,
A/K/A Commandante (or Cadet) Bone Spurs,
A/K/A El Caudillo de Mar-a-Lago, A/K/A the Asset,
A/K/A P01135809, A/K/A Dementia Donnie, A/K/A Felon^34,
A/K/A Dolt-45, A/K/A Don Snoreleone

Thursday, December 4, 2008

Unemployment Rates

Let's assume that Paul Krugman is correct in his thought that the unemployment rate, the U-3 rate, will go into the double-digits in 2009.

That has only happened once since the end of the Great Depression, in the Reagan Recession of 1982-1984. Unemployment was above 10% from September. 1983 to June, 1984. Peak unemployment was 10.8%.

I am presuming from the way that Krugman wrote, that he is foreseeing a rate that is significantly higher than just 10.1%.

3 comments:

Fixer said...

... he is foreseeing a rate that is significantly higher than just 10.1%.

I'd have to agree. Worrisome ...

Anonymous said...

I'm worried. The industry that I work for is dependent on home building. We're going to lose staff next year. I've been told it's not me, but that doesn't make me worry any less.

One Fly said...

What's happening to the economy is identical to global warming in the sense that it's the fast rate they both are failing.

How many businesses throw in the towel after the first of the year will tell a lot.