Friday, September 26, 2008 7:35:21 AM
Unemployment Rate Chart Similarity:
I just look at the chart and very amazed how similar it is to the Great Depression. It wasn't until 3-4 years later we peaked at 25% unemployment rate.
So if thats happening now it puts us at 2012 25% unemployment rate which is the doom year everyone is talking about.
Lets not forget, population is more so 6% today is far worse than 6% in the 20's.
I just look at the chart and very amazed how similar it is to the Great Depression. It wasn't until 3-4 years later we peaked at 25% unemployment rate.
So if thats happening now it puts us at 2012 25% unemployment rate which is the doom year everyone is talking about.
Lets not forget, population is more so 6% today is far worse than 6% in the 20's.
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