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


To: Think4Yourself who wrote (102735)10/2/2009 11:47:41 AM
From: mishedlo2 Recommendations  Respond to of 116555
 
Jobs Contract 21th Straight Month; Unemployment Rate Hits 9.8%

Sorry folks, I was one month early. In January I forecast the unemployment rate would hit 9.8% by August. Meanwhile, even though it was clear the Fed was wildly off base in its adverse scenario, the Fed upped it total to a mere 9.2% to 9.6% for the year as noted on May 21, 2009 in Fed's Economic Forecast Worsens; Still Ridiculously Optimistic. ...

globaleconomicanalysis.blogspot.com