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View Diary: Jobless rate hits 8.2%. 'Missing workers' make the situation look better than it is (349 comments)

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  •  Recovery my ass (19+ / 0-)

    Labor participation tells me there is no recovery. My wallet tells me there is no recovery. People are getting laid off again on a regular basis all around me. People that had already been unemployed and found part time or lower wage jobs are now unemployed again. Deflationary Depression, count on it.

    ~War is Peace~Freedom is Slavery~Ignorance is Strength~ George Orwell "1984"

    by Kristina40 on Fri Jun 01, 2012 at 06:08:33 AM PDT

    •  well part of the problem (0+ / 0-)

      is we are lead by economists who think that as long as deflation is avoided, there will be no new Depressions.

      On the other hand, at present we have commodity inflation at the same time as asset deflation.  Which nobody talks about.

      all morals are relative, but some are more relative than others.

      by happymisanthropy on Fri Jun 01, 2012 at 12:09:15 PM PDT

      [ Parent ]

      •  We have commodity (0+ / 0-)

        inflation because our idiot government keeps shoveling money at the banks and they are not using it to lend to business or do anything useful so instead they shovel it into commodities raising the price. It's a vicious cycle and we're about to have another credit event. The spreads are getting wild again. Liquidity is about to dry up. Meanwhile, J6P is getting his brain pounded in with rising prices on everything he needs to live and sinking wages and hours. Yep, this is sustainable...not.

        ~War is Peace~Freedom is Slavery~Ignorance is Strength~ George Orwell "1984"

        by Kristina40 on Fri Jun 01, 2012 at 04:59:34 PM PDT

        [ Parent ]

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