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Your unemployment will remain at 9+% through the end of the decade. I've been saying that for 2 years. I wasn't kidding. That's what the numbers show.
Agreed. I'd be surprised if between 9-13% isn't the new norm for the US for a very long time to come.
Some people don't understand inflation.
Wage Inflation is out of the question through the end of the decade. If anything, wages will stagnate or decline slightly.
Interest Inflation will plague you until the Prime Rate is raised to maybe 9%-13%.
Cost Inflation will continue to nickel and dime consumers to death. Ethanol will continue to drain your corn crops, and your corn crops production will not be stellar. In fact, it will get worse. Wheat, barely, rice and cotton will continue to with high demand and low supply driving up prices. On a bright note, iron production will pick up and prices will drop as production matches or exceeds demand.
Real Inflation, that's yet to come. In about 12 years you'll need another Reagan/Volker team to suck all the money you spent out of the global economy, and if they ain't on it, it will be hell for the Middle and Lower Classes.
Do you really think we have 12 years left before hyperinflation? As volitile as the markets are it seems as though it won't take much more for the series of dominos to fall in such a manner they cannot be stopped.
And low inflation. Which discredits all conservatives who keep talking about high inflation.
You've got to be kidding. Have you bought fuel any time lately? Have you seen the price of meat? Do you have a health insurance policy and noticed what's become of your monthly premiums or checked out the costs of health care? College tuition?
What ever happened to all that hope and change BS?
Hope & Change = Weak Growth & High Unemployment.
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