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Archive for September, 2009

Dow to hit 10,000. Why?

As I’ve watched the markets claw their way back from the brink of disaster I’ve begun to wonder what’s causing the market to rise. As I posted yesterday, the true US unemployment rate may be as high as 20%, the credit markets are almost non-existent, mortgage defaults increasing and (although I think it’s a great [...]

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Unemployment now over 20%

I just came upon an interesting website that shows the Shadow Statistics from those officially reported by the government. This site says that we are actually in a period of much larger deflation (according to the CPI) than reported and that the current unemployment rate is actually at about 20% (not the 9% reported in [...]

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