ajtj99's Market Pulse

[porter]

<Exagerrated? Birth/death rate is currently understating unemployment.>

Yessiree.

<... you could make a case that the statistics create the impression that 7.2% or 13.5% of the households are without a wage earner, which is not the case as it would have been in the 1930's due to the advent of the 2-income household.>

u could also make the argument that you create the same meltdowns today if you lose one wage earner.

<It's likely U-6 extrapolated per household would be more like 8%-10% of households without a wage earner. That's still about 70% lower than the peak of the Great Depression...>

Give it time.<ng>
Coxe's Achilles heel is his take on future unemployment rates.