Godlike Productions - Discussion Forum
Users Online Now: 2,408 (Who's On?)Visitors Today: 607,146
Pageviews Today: 1,024,509Threads Today: 342Posts Today: 6,413
11:50 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

The Bad Jobs Report Is Just A Small Taste Of The Nightmare That's Coming

 
CrazyJarhead
Offer Upgrade

User ID: 14363120
United States
06/02/2012 06:13 PM
Report Abusive Post
Report Copyright Violation
The Bad Jobs Report Is Just A Small Taste Of The Nightmare That's Coming
Another month, another bad jobs report. For the month of May, the U.S. economy only added 69,000 jobs and the unemployment rate rose to 8.2%. Many are calling this a total "disaster" and are worried that the U.S. economy could be headed back into another recession. Economists had been expecting 150,000 payroll jobs would be added, so the 69,000 number really shocked a lot of people. The truth is that the economy needs to add approximately 125,000 new jobs every single month just to keep the unemployment rate steady. So yes, this bad jobs report is not welcome news at all - especially for the Obama administration. When Barack Obama first took office the unemployment rate was sitting at 7.6 percent and now it is sitting at 8.2 percent. Some "recovery", eh? But the reality is that this jobs report was really not that "devastating" even though the stock market had its worst day of the year. Unemployment in America is still about at the same level as it was back at the beginning of 2012. The tough stretch that we are going through right now is only a very small taste of the economic nightmare that is on the horizon. If you think that things are a "disaster" right now, just wait until you see what is coming.

At the moment, 53 percent of all Americans with a bachelor's degree under the age of 25 are either unemployed or underemployed, and there are more than 100 million working age Americans that do not currently have jobs.

But this is only just the beginning.

During the next major economic downturn, the unemployment rate in the United States is going to soar well up into the double digits.

Many Americans will look back on 2010, 2011 and 2012 as "the good old days".

Right now, there are only small pockets of the country that are total economic hellholes.

For example, Yuma, Arizona has an unemployment rate of 26 percent, and El Centro, California has an unemployment rate of 26.2 percent.

In the future, those kinds of numbers are going to become the norm all over the nation.

Sadly, most Americans have no idea what is coming.

Today, I wanted to share with you all a couple of chilling economic forecasts that I have been made aware of recently.

The first is from Raoul Pal. According to Zero Hedge, Raoul Pal "previously co-managed the GLG Global Macro Fund in London for GLG Partners, one of the largest hedge fund groups in the world. Raoul came to GLG from Goldman Sachs where he co-managed the hedge fund sales business in Equities and Equity Derivatives in Europe... Raoul Pal retired from managing client money in 2004 at the age of 36 and now lives on the Valencian coast of Spain, from where he writes."

[link to theeconomiccollapseblog.com]

Last Edited by CrazyJarhead on 06/02/2012 06:13 PM
Pearl Harbor was an inside job.
Anonymous Coward
User ID: 15326304
United States
06/02/2012 06:14 PM
Report Abusive Post
Report Copyright Violation
Re: The Bad Jobs Report Is Just A Small Taste Of The Nightmare That's Coming
NWO baby make things so bad that you will be begging for food recieve your microchip and uniform

i just hope i get a star on my uniform
Anonymous Coward
User ID: 156033
United States
06/02/2012 06:19 PM
Report Abusive Post
Report Copyright Violation
Re: The Bad Jobs Report Is Just A Small Taste Of The Nightmare That's Coming
....and Mittens won't make things any better. Mitch Daniels is at Bilderberg right now being groomed to be Mitten's VP.
Anonymous Coward
User ID: 16205318
United States
06/02/2012 06:23 PM
Report Abusive Post
Report Copyright Violation
Re: The Bad Jobs Report Is Just A Small Taste Of The Nightmare That's Coming
I'd like to know who these 'economists' are, that continue to be paid for their bogus/incorrect expectations? Sounds like the same cushy job as the NHC weathermen...PAID TO GUESS WRONG!

rant
khnum
User ID: 455005
Australia
06/02/2012 06:27 PM
Report Abusive Post
Report Copyright Violation
Re: The Bad Jobs Report Is Just A Small Taste Of The Nightmare That's Coming
Nobody is predicting doom at the moment in fact the lack of financial threads on GLP at the moment and the lack of interest in them tells me the sheep are now ready for the shovel to descend with a mighty blow right between the eyes.
Anonymous Coward
User ID: 11309136
United States
06/02/2012 06:46 PM
Report Abusive Post
Report Copyright Violation
Re: The Bad Jobs Report Is Just A Small Taste Of The Nightmare That's Coming
Bring on the DOOM!!!
yeswecan

User ID: 16794037
United States
06/02/2012 06:49 PM
Report Abusive Post
Report Copyright Violation
Re: The Bad Jobs Report Is Just A Small Taste Of The Nightmare That's Coming
It's kind of hard to "recover", by going deeper into debt
resist we much!
Anonymous Coward
User ID: 4594667
United States
06/02/2012 06:51 PM
Report Abusive Post
Report Copyright Violation
Re: The Bad Jobs Report Is Just A Small Taste Of The Nightmare That's Coming
That's only the half of it.

Even if you have a job, try making applications, especially with large croporations.

I've had several come back after a few weeks a notice that the job was canceled.

Point being: Are they faking the jobs postings trying to make it look like things are better than they really are?

Growing suspicious myself.
Nam Marine
User ID: 1170522
United States
06/02/2012 07:14 PM
Report Abusive Post
Report Copyright Violation
Re: The Bad Jobs Report Is Just A Small Taste Of The Nightmare That's Coming
Have another beer. There is NOTHING you can do about it.





GLP