Do Headlines Lie????
Buffett: housing 'picking up'
Buffett Says He Sees ‘No Signs’ of Recovery in Housing, Retail
Same Man, Same Time, Same Subject.......
Why do you think Alstry tries to make you appreciate the true unemployment numbers?
U3 unemployment data basically covers those people that have been unemployed for six months or less.....each new month it adds those people that lost their jobs in the most recent month and subtracts those that have been unemployed for over six months.
U6 data counts those that are still unemployed after six months. It is why U6 figures are about twice as high as U3 numbers....there are millions of Americans who have been unable to find a job after being unemployed for six months but not counted in the reported figures.
This Friday, we will see what the Real Unemployment Number (as CNBC calls U6).....Alstry thinks it will be OVER 17%..........Alstry forecastes when the number reaches between 25-35%....we will be entering the Zombulation Zone....when a country economically morphs into Zombie Nation.