Unemployment Rate Could Reach 8.5-9 Percent, Economist Says

We have had enough bailouts. We need to let them take affect and that will take at least 6 months to a year to start showing any results. If Obama goes a head with his full stimulus package then it will just create inflation which is only good for the Old Money Rich.

time to go back to the barter system

America they say on crisis.......No never.....We just fail because of crooks and corruption. and greed.........That is why we are on the mess... That mess is wide open....Everybody knows.......That is why all avenue of solution and alternative will be tried.....Of course there is a pain and one of it is UNEMPLOYMENT of course it will rise but it will come down too once all the solution is tried and took effect.....No magic formula.......Again with in six months thing is better once all the laternative is working......Economic conditon will improve by that time so the job prospect too....What we see is now why not we point ahead 3 to 6 months or even one year,.....Again Unemployment is only temporary.......Be optimistic sometimes not what we are see now....Please be look ahead of our time........

This what I said,there will be no gain if there is no pain.......How you gain if you do not like the pain........

evrybody is still in denial mode people didn't know they were living through great depression until 1933 they were celebrating recovery of markets in early 1932 It is always more painful in hindsight This time it is a global depression and since there is no monetary and fiscal discipline like gold standard,M3 disclosure we will have an inflationary stagnation of most economies worldwide Be nimblefooted with your purchasing power[can't say cash anymore coz it'z trash]

The great depression also had a food crises due to the dust bowl. Hopefully, we will not have that again. This depression will be more about the lack of manufacturing in the US. We must start making our own products again. This christmas, try to buy domestically manufactured products. Give an american a job for a change. Its always struck me as odd that we will give to people asking for change on the street, but will not buy a product made by our brothers & sisters.

Your bringing on too many know it alls, where were all these “pros” one year ago? I know, I know, they said more than two years ago this is what would happen. Yea, right. As one floor trader recently said, "I wish they would shut up and let the capitalistic system work". How right he is.

Yes indeed the Depression was world wide but worse in the US. In the UK it was called The Slump. I think it shows how low we have sunk when Blodgett shows up again & again on this page considering with his record he should be the first Match or Apple seller on Wall St. What all these phony gurus overlook with their talk of recession ending next year or so is that we are drowning in debt Federal, International Trade & Personal. That is far far different from the 30s. Till that is expurged either by Bankruptcy or Inflation (prob both!) our problems will continue. In reality the US Standard of Living is going to experience a major & permanent decline as we get our house in order & can compete with China etc. That will occur when the dollar collapses. Finally though Congress & the Gov. got us into this mess I do not see anyone there offering to work for $1/yaer!

TO JOHNNY IKE I wish I knew what you're writing, because you post a lot but, and not to be nasty ,can't you at least try to make sense

Can someone please tell me just how do you figure the world is being flooded with cash???????? All these bailout loans and give away's are not translating into cash dollars, euros or any other currency. It's all 000's on an electronic ledger being used to pay off CDS contracts which are also 0000's on a ledger. You won't get hyperinflation until all those 000's are monetized and that ain't gonna ever happen!

The problem with the current economy is simple, and the fix is just as simple. Everyone (individuals, companies (both private and public), and governments) all have to stop spending outside of their incoming income, credit has gotten us into this problem and the only way out is to stop the madness that allowed people without income to get loans they can't repay. The same needs to be said for companies, I think bailing out banks and others who created the problem by giving people credit beyond their means to repay it, is tossing more money on a fire that still burning out of control and will only lead to more bailout money being needed. It has to start at the Government level, no more spending more than we have income for (and for those of you stupid enough to think the money spent on the war on terror is the sole cause of the deficit spending, please do some research first). The government has no business spending money they don't have and the ability to simply print more without having any security behind it is what has lead to the dollar being a weak currency. Corporations have to take responsibility for trying to force feed products and services onto a public that clearly can not manage their own finances. There are only a few major purchases that should ever be made on long term (24 month or longer) credit, homes and cars. Here is a real hint, if you can't afford the payment, then don't make the purchase. If you can't read or understand the contract, then don't make the purchase. If you are paying 900 a month for rent and struggling, why would you think you could pay 1,500 a month on a house payment. Live within your means, and guess what you will be OK.

Cowboy says... Under no circumstances should you rely on Washington bureaucrats for information; they're all bought and paid to forward someone's agenda. Take care of yourself and your family, don't get caught up in the theater. Live frugally, work hard, save and invest your money, you'll come out of this OK. Don't rely on the Government for anything. If you can't get a job, create one. Don't resort to blaming, take responsibility for yourself and your actions. If you don't like your situation, change it today.

The trade deficit is going up with China; it was 27.8 for the month of September. We have a dependence on China for products that we can no longer produce. It is a terrible and dangerous dependence that americans have on China. They make it worse with manipulation of the yuan vs the dollar.

My vision always ahead of our time......I do not look today....I look always in the future........3 months and beyond..........That all I see...........

Read about the depression of 1873 you will see eery similaritys to our current situation. We will be lucky if unemployment only hits 8 or 9%, but I think were looking at 10 to 12%. Dig in and hold on

Hey kerry b, the depression lasted from 1929 until early 1942 due to WWII, things were ticking up in the late 1930's and a president can only propose, not enact laws so where was congress at that time ? FDR entered office in 1933, over 3 years into the depression, where was the fed at (hiding, being lazy and in denial) ?

"The Federal Government of the 1930s wasn't borrowing money from China and unborn generations to finance it's operation." *** You are mistaken, this government is stealing rather than borrowing money. It has no intention of ever repaying. In case you haven't noticed, the hedonistic 1960 hippies are now in the drivers seat and they don't believe in reality. The "leave it to beaver" generation is no more.

Read the post by Slugabug, it is terrific. I wish I had said it.

See the report,productivity is better in Q3.........Which mean all are getting better in the end of the horizon......See the headlines and read your paper.......

adjust your stochastic oscillators and look for a rise to 10000 on the DOW.