12-05-2008, 05:51 PM
So, the business cycle happens again.
Historic US Unemployment Rates
http://data.bls.gov/PDQ/servlet/SurveyOu...st_numbers&series_id=LNU04000000&years_option=all_years&periods_option=specific_periods&periods=Annual+Data
Wake me up if we get past 8% - then I'll be worried, otherwise been there, done that.
Every time there's a downturn of any sort, the doomsayers come out, thinking it's the end of the world. I well remember the rhetoric Bill Clinton used when he was first elected, something to the effect that we were in "the worst economy since the Great Depression". The early 1990s turned out to be a very mild, fairly shortlived recession. Now we're hearing the same kind of rhetoric all over again. At some point, you learn to tune out the boy who keeps crying wolf.
Historic US Unemployment Rates
http://data.bls.gov/PDQ/servlet/SurveyOu...st_numbers&series_id=LNU04000000&years_option=all_years&periods_option=specific_periods&periods=Annual+Data
Wake me up if we get past 8% - then I'll be worried, otherwise been there, done that.
Every time there's a downturn of any sort, the doomsayers come out, thinking it's the end of the world. I well remember the rhetoric Bill Clinton used when he was first elected, something to the effect that we were in "the worst economy since the Great Depression". The early 1990s turned out to be a very mild, fairly shortlived recession. Now we're hearing the same kind of rhetoric all over again. At some point, you learn to tune out the boy who keeps crying wolf.