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07/29/2010

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MonkeeRench

I agree -- the unemployment numbers are disingenuous if not fraudulent. True, effective unemployment is probably upwards of 17%. That is turning the Bush Great Recession into the Bush-Obama Greatest Depression if the Banksters continue to be allowed to borrow free money at the discount window only for the purpose of a gambling casino on the next bubbles coming down the road, which are doomed to become curl-your-hair Black Swans (see N. N. Taleb)and a worldwide disaster to all modern economies for many years.

MonkeeRench

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