18% Unemployment prediction.

[KINGOFSHORTS]

Quote from Sky123987:

that's the unemployment of Spain

Americans seem incapable of grasping the possibility.

Hey I do not want to see 18% unemployment but unfortunately things point that way.

 

[TheROTrader]

spain? who gives a fock about spain??

 

[farmboy]

We are already at 20% unemployment using true figures!

 

[aegis]

U6 is already 18%, or something very close to it.

 

[ByLoSellHi]

We WILL hit 12.5% minimum unemployment, and once that firewall is breached, things could very easily spin out of control and hit the 15% to 20% official unemployment range.

Hell, we're at 18%+ now, if you look at the real numbers.

 

[infolode]

Everyone has their own numbers, bias and agenda. It's funny, isn't it?

 

[Murray Ruggiero]

Look at www.ShadowStats.com .You will see measure are already in the teens when you count people who unemployment already ran out and those who are underemployed.

 

[gigsup]

If these 500,000 monthly NFP numbers don't start to

improve soon you can forget a recovery.

 

[clacy]

Quote from TheROTrader:

spain? who gives a fock about spain??

Well, our POTUS sure would love to implement a Spanish style government if the truth be told.

I doubt that we'll reach 18%, but I think 12-14 is well within reach.

 

[logikos]

I agree with the previous poster on U6. When you add the underemployed, you get a much higher figure. U6 is a better gauge of financial stress as well because the lifestyle they have been accustomed to may not be maintainable.