U.S. Jobless Rate Climbs to 8.9 Percent

[MontanaHatchet]

Bitmap Frogs said:

MontanaHatchet said:

Bitmap Frogs said:
@montana

Your analogy isn't valid, because the recession will end. As all recessions, this one has phases. You can mock it but if may jobless claims follow april's trend, it'll mean we are moving onto the next step. We won't have a definite confirmation until July tho, once this quarter's GDP get published.

Well, duh. Perhaps I shouldn't have emphasized "terminal" cancer, but even if we recover from the recession, we will have been permanently harmed by it. And for all we know, next quarter the job losses could enter another violent tailspin and a lot of people could look pretty stupid. I'll wait for significant results before passing judgment.

 

 

What? Do you really think this is the recession to end all recessions and bring down the system? Of course we'll recover - that's the way things work. 

Anyways, still three months to go until the GDP gets reported.

 

Three cheers for interpreting statements in the wrong way! Cheer one, cheer two, cheer...three! Even when the recession is over, a lot of countries will have more debt and a higher deficit.