Comments on: Rosenberg: Unemployment headed to 12-13%…. http://blogs.reuters.com/rolfe-winkler/2009/11/11/rosenberg-unemployment-headed-to-12-13/ Option ARMageddon Tue, 14 Oct 2014 13:06:34 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Gerald Dietz http://blogs.reuters.com/rolfe-winkler/2009/11/11/rosenberg-unemployment-headed-to-12-13/comment-page-1/#comment-3440 Mon, 16 Nov 2009 20:58:18 +0000 http://blogs.reuters.com/rolfe-winkler/?p=4293#comment-3440 It seems to me that there are forces at work artificially aiding the stock market in this current rise. As I talk to my daughter (a banker at Wells Fargo) the stories of forclusures are not abaiting. My son (a private stock broker) attempts to comfort me, but is worried regarding the low dollar–which is why I think the stock market appears to be on the rise. I am 52 years old and I cannot remember a time when so many of my contemporaries have been out of work. I have an attorney friend that cannot finance a commercial building that he recently finished (and he has good credit). My point is that this rollercoaster is coasting and it can only coast downhill. I don’t believe that anyone in congress can really believe that when we hit bottom how low it will be. U3 or U6…it won’t matter.

]]>
By: sangellone http://blogs.reuters.com/rolfe-winkler/2009/11/11/rosenberg-unemployment-headed-to-12-13/comment-page-1/#comment-3265 Thu, 12 Nov 2009 00:06:06 +0000 http://blogs.reuters.com/rolfe-winkler/?p=4293#comment-3265 Its not just the number of unemployed but the number who will burn their unemployment insurance. I saw an analysis of the recently signed extension program and it appears very few will be eligible for the full 20 week extension even in high unemployment states like California. It has to do with the structure of the previous extension programs.

We could have lots of desperate people by next summer.

]]>