The underemployment changing to increasing unemployment – the US depression becoming more intense
Karen Zuba
Feb. 4, 2008

The US economic depression is real. No one wants to accept it. they do not even agree that there is a recession. The reason is not self denial. The reason is something else. Classical text book economics is struggling to understand that there can be an economic depression even with full employment.

Let us look at the reason of the economic depression. Since 1980, America deprived its middle class by exporting jobs, allowing illegal immigration, bring in H1b well paid technicians from India and other countries. The rich became richer and poor became poorer. People dipped into their credit cards and their home equity to pay their bills. This is known as underemployment driven economic depression. It took twenty eight years for the depression to become reality.

The underemployment is now changing to increasing unemployment – the US depression is becoming more intense.

The underemployment changing to increasing unemployment – the US depression becoming more intense
Karen Zuba
Let us look at the reason of the economic depression. Since 1980, America deprived its middle class by exporting jobs, allow illegal immigration, bring in H1b well paid technicians fro India and other countries.
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US long term Treasuries now risky investment as inflation probability skyrockets
Sam Adelton
Bush faced the mess Bill Clinton left. But his answer to the entire problem was a band aid – tax cut for the rich and lowering standard of borrowing.
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Indian Americans support Obama rejecting Clintons
Kiran Chaube
New Jersey will be the test between Robert Menendez and Indian Americans. It is possible Indian Americans will tilt the final outcome in some crucial states like NJ, NY and CA.
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Gold and Oil will fall sharply in the next several months to mark the era of deflation
Fred Day
We were in the period of economic stagflation. The stagflation is slowly changing to deflation driven depression. In that environment gold can fall below $600 an ounce and oil below $50 a barrel over the next twelve months.
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As world economies get depressed from the ripple effect of US depression, the dollar index can actually appreciate
Kirsten McLauren
The next wave of rate cuts will start in Europe. Other than Yen, all the currencies may fall against dollar in the several years. A very long term bottom is in place in US Dollar.
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The gold market rally tells that the long bond yields can skyrocket and that will create massive depression in world economies
Pamela Jones
According to some analytic and quantitative models, the yields on the long term US Treasuries can sky rocket to 12% or more over the next several years.
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Many major banks and financial institutions will fail between now and 2012
Sam Adelton
One bank failure and the run on the same will create the panic and people will start withdrawing all their money from the banks. The first announcement that your CD will fetch you 98 cents on the dollar will create the avalanche.
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