- predictions for the economy in 2009 - , page-4

  1. 2,317 Posts.
    yeah all very depressing, not sure i believe a lot of what she says or maybe i'm like a lot of people and don't what to believe it. for memory the US jobless claims was in the low 300Ks at the start of the year and now it is in the mid 500ks. So to say jobless claims will reach a million i suppose is not out of the realm of possiblity given the current economic situation plus businesses only seem to know one way to reduce costs and that is to shed jobs.

    if jobless claims get this high , unemployment rates in the mid teens is very possible which means you could have about 30 million unemployed americans. i dont even what to think about how such high unemployment rates will affect the US housing market which is almost terminal and has had the fibulator applied about 10 times.
 
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