It's official: the double dip is here

[Rogue Trader]

Compared to previous recessions, the US job market today is far from recovering.

After the recession of 1990 it took nearly two years for jobs to reach their pre-bust peak. Following the dot-com crash in 2001, it took 39 months. Meanwhile, roughly 45 percent of the 14.6 million unemployed Americans have been hunting for a job for at least 27 weeks. That’s the highest average length of unemployment on record.


Under the best case scenario, assuming that jobs rebound at roughly the same rate as during the early 1980s dip, employment will hit its pre-recession peak in September 2011, economists Josh Bivens and Heidi Shierholz project. But if the economy follows the pattern of the last two recessions, employment won’t fully recover until 2013 at the earliest.​

Full article here:
http://industry.bnet.com/financial-...y-were-in-a-double-dip/?tag=landing-pad;today

 

[Disiaokia]

Strangly Sti n hsi dun seems to move in tandem w Dow anymore. Mayb our gahment supporting e sai from crashing out?

 

[QXD]

To much China dirtymoney here in SG. Just like the good old days when the Swiss lived off Nazi gold ingots made from tooth fillings...

Strangly Sti n hsi dun seems to move in tandem w Dow anymore. Mayb our gahment supporting e sai from crashing out?