Page 4 of 18 FirstFirst ... 2345614 ... LastLast
Results 31 to 40 of 173

Thread: US unemployment rate reaches 7.6%

  1. #31
    Banned
    Join Date
    Dec 2008
    Location
    Timbuktu
    Last Seen
    01-30-12 @ 08:09 AM
    Gender
    Lean
    Slightly Conservative
    Posts
    2,730

    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Maximus Zeebra View Post
    BBC NEWS | Business | US unemployment rate reaches 7.6%

    Wow, this is very concerning for the US. Horrible numbers. US unemployment is now higher than EU-27 and passing the Eurozone next month. Considering European unemployment has been hovering about 7% for quite awhile, and US unemployment was only 4% a year ago, the numbers are dramatic.

    I actually predicted this to happen several years ago, but then people called me dumb and what not. If you do not believe me, check out my first posts on this forum and my warnings about a worse economy for the US and the UK the coming years, but a relative stable European economy.
    Interesting...I had a discussion with a friend several years ago and he too was telling me how he was predicting a depression coming. He actually went as far and said it will be far worse than the "Great Depression"! This was during a time when we were at the peak of our economy and construction was booming! I kinda blew off the conversation for awhile until I started to notice that things were falling in place exactly like he had predicted.
    Last edited by creativedreams; 02-09-09 at 08:48 PM.

  2. #32
    Advisor
    Join Date
    Dec 2008
    Location
    Nashville/Little Mexico Tennessee
    Last Seen
    06-02-09 @ 12:20 PM
    Gender
    Lean
    Undisclosed
    Posts
    523

    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by danarhea View Post
    Actually, they do, but you have to look at the hard data instead of listening to the media whores. But even the hard data is misleading if you only look at one number without looking at the rest. >13% unemployment looks bad, but that's U6. U1 looks extremely rosy. You can't just pluck one number out of the figures and say that is what our unemployment is. In addition, you might want to look at regions too. Houston is not sitting bad at all, but Detroit is seeing close to Great Depression numbers. If I lived in Detroit and wanted a job, I would move to Houston.
    ..................

  3. #33
    Advisor
    Join Date
    Dec 2008
    Location
    Nashville/Little Mexico Tennessee
    Last Seen
    06-02-09 @ 12:20 PM
    Gender
    Lean
    Undisclosed
    Posts
    523

    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by creativedreams View Post
    Interesting...I had a discussion with a friend several years ago and he too was telling me how he was predicting a depression coming. He actually went as far and said it will be far worse than the "Great Depression"! This was during a time when we were at the peak of our economy and construction was booming! I kinda blew off the conversation for awile until I started to notice that things were falling in place exactly like he had predicted.
    .......... YIKES,

  4. #34
    Sage

    Join Date
    Sep 2007
    Last Seen
    09-24-17 @ 04:38 AM
    Lean
    Undisclosed
    Posts
    29,261

    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by creativedreams View Post
    Interesting...I had a discussion with a friend several years ago and he too was telling me how he was predicting a depression coming. He actually went as far and said it will be far worse than the "Great Depression"! This was during a time when we were at the peak of our economy and construction was booming! I kinda blew off the conversation for awhile until I started to notice that things were falling in place exactly like he had predicted.
    He must have read Marx's Das Kapital.

  5. #35
    Banned
    Join Date
    Dec 2008
    Location
    Timbuktu
    Last Seen
    01-30-12 @ 08:09 AM
    Gender
    Lean
    Slightly Conservative
    Posts
    2,730

    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by winston53660 View Post
    He must have read Marx's Das Kapital.
    No, he's just a very perceptive person

  6. #36
    Sage

    Join Date
    Sep 2007
    Last Seen
    09-24-17 @ 04:38 AM
    Lean
    Undisclosed
    Posts
    29,261

    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by creativedreams View Post
    No, he's just a very perceptive person
    Das Kapital is a pretty interesting critique of capitalism noticing up swings in innovation then down swings that allow investment in machinery.

  7. #37
    Advisor
    Join Date
    Dec 2008
    Location
    Nashville/Little Mexico Tennessee
    Last Seen
    06-02-09 @ 12:20 PM
    Gender
    Lean
    Undisclosed
    Posts
    523

    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by winston53660 View Post
    Das Kapital is a pretty interesting critique of capitalism noticing up swings in innovation then down swings that allow investment in machinery.
    Please allow me to mangle a quote, ( source forgotten). "Capitalism will ultimately bring about its own failure(s)".

  8. #38
    Banned
    Join Date
    Dec 2008
    Location
    Timbuktu
    Last Seen
    01-30-12 @ 08:09 AM
    Gender
    Lean
    Slightly Conservative
    Posts
    2,730

    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by Rodney View Post
    Please allow me to mangle a quote, ( source forgotten). "Capitalism will ultimately bring about its own failure(s)".
    I never really gave it a deep look at the pro's and con's of capitalism until recently. There certainly are major flaws in the whole economic cycle of our type!

  9. #39
    Just Crazy Enough to Work
    Edify_Always_In_All_Ways's Avatar
    Join Date
    Nov 2006
    Location
    Wilmington, DE
    Last Seen
    01-31-14 @ 03:03 PM
    Gender
    Lean
    Independent
    Posts
    1,299

    Re: US unemployment rate reaches 7.6%

    Quote Originally Posted by creativedreams View Post
    I never really gave it a deep look at the pro's and con's of capitalism until recently. There certainly are major flaws in the whole economic cycle of our type!
    Only when people are stupid enough to borrow money they can't pay back or loan to the aforementioned people. Or stupid enough to approve or even force that process through legislation.
    Quote Originally Posted by Korimyr the Rat
    Heh. Do you realize how many children I'd murder to be immortal and have an army of willing slaves?

  10. #40
    Sage
    Hatuey's Avatar
    Join Date
    Oct 2006
    Last Seen
    Today @ 11:56 AM
    Gender
    Lean
    Moderate
    Posts
    42,058

    Re: US unemployment rate reaches 7.6%

    When Americans get laid off they don't buy **** that Europeans or Asians make so Europeans and Asians get laid off.....
    I refuse to accept the view that mankind is so tragically bound to the starless midnight of racism and war that the bright daybreak of peace and brotherhood can never become a reality. - MLK

Page 4 of 18 FirstFirst ... 2345614 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •