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1
American in Japan
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2011 Feb 10, 5:35pm
American in Japan
@
2011 Feb 10, 5:35pm
I like to take a look at U6 as well as U3 trends over the past 12 or 24 months...
http://en.wikipedia.org/wiki/File:US_Unemployment_measures.svg
2
nope
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2011 Feb 10, 7:47pm
I'm still willing to put up my $1000 wager that unemployment will have fallen 2 points from peak by the end of 2012 (i.e. it will be 7.9% or less).
I know that goes against the narrative that the world is ending and there's nothing we can do about it, but it's a bet I'm pretty confident in.
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http://www.postandcourier.com/news/2011/feb/05/jobless-rate-drop-fastest-in-50-years/
Despite adding virtually no jobs to the economy, the wizards that track the federal unemployment rate determined that unemployment fell from 9.8% to 9.0% in two months. This goes along the lines of exactly what I was saying, STOP extending unemployment benefits and the unemployed with magically cease to exist, at least officially. I wonder if this same exact logic can solve any of the other challenging problems facing this county, or even the world!
How about the Multi location smog test. First you test the smog level in New York or LA, then next year you test the smog level in Big Timber, Montana and compare the results. WOW, a 2,000% drop in pollution levels in 1 year. Looks like our Smog reduction program is working.
What about the budget defict reduction plan. First we create a budget that's way over what the country takes in taxes this year. Then we reduce it by 50%, despite still being more than what out income, we claim that we reduced spending by half and declare victory.
Can anyone else come up with great ideas that nothing to do with reality, but make us feel all warm and fuzzy inside?