Trick or Treat Economy
US Market looking up but missing fundamentals
Logic thinks it is not logical to buy into the current upward looking market (the Tricker) because bailouts of car manufacturers, credit card right offs paid for by the Government also known as us the tax payers and Banks running on our money and asking for more, it is easy to see the very unstable conditions and one only has to stop and ask any average Joe walking down any street in America and they will share there fears with you that while Washington DC and Wall Street are now one business and fixing everything for each other we are broke and in fear of loosing our houses, jobs and future retirement plans.
Logic Prediction
Watch for the growing unemployment in the coming first quarter of 2009 following the holiday flat to reduced selling season the biggest sales figure month for retail most will begin layoffs when the sells fall flat leading to a fare greater then the governments predictions as mentioned in a hearing with Alan Greenspan. Our estimates are 25% and always add the 15% for those capable of working not of retirement age that just choose to sit on the sideline and we still stick with our 40% unemployment prediction only above the 1929 through 1933 range of 25% because today a lot of people can but do not work a different time then in 1929 - 1933.
American Election
Following the November 04, 2008 election results and about a week following we will come to the realization that the election had no effect on Joe person on the street and helped them in no way resulting in a state of what now for small and mid sized businesses across the nation and this will send the unemployment wheels spinning from December 2008 through 2010. Learn why we think we are correct in our 2010 Unemployment Prediction.