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Out Of Work And Out Of Luck - The Economist

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I didn't see this posted previously, apologies if it was. I've been away so haven't had time to post 'til now.

From The Economist Link

Based upon evidence from the last two major recessions unemployment will not peak for another two years but it should increase steadily up to that peak.

So much for the spring bounce which probably died this week anyway with the mortgage interest rate rises, there's only so much QE can achieve and I reckon it's all huffed and puffed out now.

I remember when the bulls on here - around about the end of 07 beginning of 08 - used to say that because unemployment wasn't increasing house prices couldn't fall.

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I didn't see this posted previously, apologies if it was. I've been away so haven't had time to post 'til now.

From The Economist Link

Based upon evidence from the last two major recessions unemployment will not peak for another two years but it should increase steadily up to that peak.

So much for the spring bounce which probably died this week anyway with the mortgage interest rate rises, there's only so much QE can achieve and I reckon it's all huffed and puffed out now.

I remember when the bulls on here - around about the end of 07 beginning of 08 - used to say that because unemployment wasn't increasing house prices couldn't fall.

You have been away a long time! Just FYI, the official line now is that house prices have bottomed because the recession is over.

Oh, and bears are no longer poor pathetic losers, but vultures preying on unfortunate property speculators ;)

Welcome back

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You have been away a long time! Just FYI, the official line now is that house prices have bottomed because the recession is over.

Oh, and bears are no longer poor pathetic losers, but vultures preying on unfortunate property speculators ;)

Welcome back

It does appear that we are now entering the realm of insanity.

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You have been away a long time! Just FYI, the official line now is that house prices have bottomed because the recession is over.

Oh, and bears are no longer poor pathetic losers, but vultures preying on unfortunate property speculators ;)

Welcome back

Housing (usually) lags un-employment by 2 years = 4years of housing decline.

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It does appear that we are now entering the realm of insanity.

Welcome to the twilight zone. Where up is down and debt is wealth.

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Welcome to the twilight zone. Where up is down and debt is wealth.

And Gordon is in charge.

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