Expect 7% unemployment for a long time

[Mircea]

Originally Posted by All American NYC

Expect 7% unemployment for a long time

No kidding. I only said that like 2 years ago. I'm way ahead of the game.

Your economy is going to be recessionary through the end of this decade (and perhaps beyond). And you will have another recession. Whether it is enough to be like a depression, well, we will know soon enough.

Portending...

Mircea

[Goodnight]

Originally Posted by HappyTexan

That would be lack of demand here in the US. The multinationals are making their profits via foreign sales, not US sales. There's no lack of demand in these emerging nations with new middle class consumers.

I don't see any of emerging natgion making up for the loss of demand in europe and the US. Canada, Austrailia, Brazil are doing well but where are these new markets coming from that will balance the loss.