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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: arun gera who wrote (79047)5/13/2008 11:14:52 AM
From: maxncompany  Respond to of 116555
 
Whether that law had an effect or not, the 1930's had exceedingly high unemployment. If there are no jobs to be had, many immigrants will return home.

Now I don't see the next several years having as high an unemployment as the 1930's saw, though certainly unemployment will rise from current levels. I think we'll lose fewer jobs than the 1930's, but many jobs that remain will be low to moderate pay levels.


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