Clearing the Mist

Clearing the Mist is real-time commentary by Delphi Advisors on developments, clues, patterns, and events we believe could affect the U.S. economy, and particularly the Forest Products sector...

...or sometimes it's just a way to let off some steam.


Tuesday, March 2, 2010

This one deserves our "WAHT Award" ...

Take a deep breath, pour yourself a fresh cup of coffee, start the song (right click and select open in a new tab or window to avoid navigating away from this page), and read the article.

Then ask yourself: How are business profits going to grow by 15 percent to lead the economy to stable conditions if 10-20 percent* of employable people, read that as consumers of those businesses goods and services, are unemployed?

Economists: Recovery is firmly on track

*Remember, it's not just the 9-10 percent unemployment that is currently being reported by BLS. People have been sliding off the unemployed list for some time because they've run out of benefits. In addition, there are those who have become discouraged looking for work and given up looking so they are not listed as unemployed any more either.

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