Thanks for catching that. Yes, unemployment figures remain low for 9 months – 1 year after the consumer spending weakens, giving the illusion that the economy is strong, while in reality it is weakening. In the same way, when unemployment is high, and stock market prospects are poor, you can look for signs of rising wages or more consumer spending, and know that it is the early part of the next bull cycle.
Up In Arms, how much is it down? Will your job be okay? I hope that we can all regroup to keep our jobs and our financial security during this mess. Our income is dependent on government spendings, so we will be hit eventually.
