Do you have a plan B?/The New Wisdom in Wealth & Health Workshops by Esther Pinkston
"The unemployment rate jumped to 6.1 percent in August, its highest level in five years, pushing the troubles of American workers to the center of the political debate as the presidential campaign enters its final weeks."
U.S. Jobless Rate Rises Past 6%
“We should be prepared for the worst,” said Jason Furman, director of economic policy for Mr. Obama, pushing for Congress to enact another stimulus package when it returns next week from a recess. “I’m not saying the worst will happen, but we should be taking out an insurance policy.”
By LOUIS UCHITELLE
Published: September 5, 2008
We can help you: http://www.estherpinkston.com
U.S. Jobless Rate Rises Past 6%
“We should be prepared for the worst,” said Jason Furman, director of economic policy for Mr. Obama, pushing for Congress to enact another stimulus package when it returns next week from a recess. “I’m not saying the worst will happen, but we should be taking out an insurance policy.”
By LOUIS UCHITELLE
Published: September 5, 2008
We can help you: http://www.estherpinkston.com
Esther,
As you know, the US housing market was not traditionally used as a first indicator. We used other early indicators like...auto, retail, airline, job rates, etc...to predict trends in the larger markets like housing, banking, stocks etc.
When the housing market collapsed...we are left scratching our heads and waiting for the first line indicators to catch up with the major markets. I agree with J. Furman...things are going to get worse before they get better. The system is currently upside down…it has to right itself.