RE:RE:RE:RE:RE:RE:Rough road ahead....shawshank2 wrote: That article is funny just like the coverage of jobless#s. Emoloyment increased by 1.7 mil while 1.1 filed for new just under 17 mil currently unemployed. By most measures usa is in a depression and equity markets have not collapsed further (yet) because the fed is making corporate debt public. There may or may not be a further crash in the market but either way gov stimulus will eventually be cut off to businesses and that is when the true effects on chw will be felt.
We'll have to agree to disagree there.
While I think the economy is going to be bad for a year or two, I also think that the government is already all-in. A high unemployment rate will result in one stimulus package after the other, they don't have much choice. They'll try everything (including negative interest rates) to keep the economy at least "afloat".