ST Alpha - "Interesting factoid; By the end of 1930, fifteen months after the stock market peak, unemployment had reached 8.7%. We are now seventeen months after " (Reading a Post)

SlickerTalk
Search Archives
The Leaderboard
The FAQ

Login
Create Account

Search Dr. S. Talk
TT/ST Wiki
How Well Do You Know ...

RSS Feed

Hosting by DigitalOcean

Support ST on Ko-Fi

Down to Post

Backboards:

Posts: 157

Interesting factoid; By the end of 1930, fifteen months after the stock market peak, unemployment had reached 8.7%. We are now seventeen months after

Posted by Loyola Mar 12 '09, 13:28

the October 2007 Dow peak, and we are told that unemployment has only reached 8.1%..."

http://seekingalpha.com/article/125580-why-it-s-actually-different-this-time (seekingalpha.com)

Responses:

Jobless rate highest since.... right before the greatest bull run in history - Stewie Mar 12, 13:42
though of course the article you link notes that we measure unemployment differently now than we did then. -- nm - Callisto Mar 12, 13:31 3
- To find today's rate "Using Depression era metrics, experts estimate actual unemployment at almost 15%" - Loyola Mar 12, 13:34 2
  - having just worked a Career Transition Fair for the unemployed this week, I believe it. - Callisto Mar 12, 13:39 1
    - The worst thing is there's nowhere to emigrate to. At least back in the 80's we could all head off to America. Now everywhere is in the toilet. -- nm - Loyola Mar 12, 13:42
[deleted] 1
- Dust Bowl as well -- nm - The Calico Cat Coaliton Mar 12, 13:36

Post a message top

Replies are disabled on threads older than 7 days.