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Archive for September, 2009

Dow to hit 10,000. Why?

By Lewis ⋅ September 24, 2009 ⋅ Post a comment

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 [...]

Unemployment now over 20%

By Lewis ⋅ September 23, 2009 ⋅ Post a comment

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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