Underemployment in US economy changing to unemployment – a sign of deflation and depression
Peter Oberois
Mar. 9, 2008

The steady rise in unemployment and at the same time intensified underemployment is a bad sign for US economy and the rest of the world.

Even as growth is slowing, inflation remains a concern for Fed policy makers as crude oil prices continue to rise, reaching an intraday record of $106.54 a barrel last week.

Prices for common people are rising fast and at the same time wages are stagnated. This is called classical underemployment and is often the symptom of problem in a third world country. Now people with low wage jobs are losing their bobs. The employers are not being able to afford the ‘burger flipping’ jobs even.

These are early signs of deflation and depression.

Underemployment in US economy changing to unemployment – a sign of deflation and depression
Peter Oberois
Prices for common people are rising fast and at the same time wages are stagnated. This is called classical underemployment and is often the symptom of problem in a third world country.
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Retail sales stalling, trade and budget deficit worsening and consumer index dipping – the US depression worsens but real estate may be bottoming
Sam Adelton
The next week economic data will point to the fact that retail sales is stalling, trade deficit is worsening, and consumer index is further dipping. The US depression worsens and the financial meltdown triggered by mortgage collapse continues.
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Bill Foster, a physicist, a middle class American, shows the world the magic power of Obama by taking Hastert's former congressional seat
Nita Chandresh
If the trend persists and war mongering, fear spreading is continued by McCain Bush legacy, there will be no corners left in US that will not reject them outright. Hillary Clinton is just [art of the Bush MacCain team now after what she did last week.
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FBI’s investigation of subprime lender Countrywide Financial Corp. on possible securities fraud can bring real trouble for Bank of America
Kirt Meham
Bank of America may be wondering about its worst financial decision to buy a possible fraudulent predatory lender that is about to sink fast.
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85,000 job loss in the first two months confirms US depression – rates headed for zero percent
Nadia Solkar
The job losses are slowly accelerating. The underemployment is changing to outright unemployment. The stagflation that was dominating the economy for the last six years is slowly changing to deflation.
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Bush and Clinton’s secret billions of dollars in trouble as Carlyle Capital Corp could go bankrupt unless its private equity founder injects more money – financial meltdown continues
Harry Patil
It is now clear that the credit crisis is striking at the very epicenter of business and governmental power in America, and potentially threatening the fortune of the Bush and Clinton families.
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There is no need to call anyone a monster - Clintons must disclose their money source, foreign oil deals, Saudi money, and complete disclosure of all tax returns
Nita Chandresh
How much did the Clintons get from the Saudi King? What about secret oil field deals in the Central Asian region and elsewhere?
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Obama should not allow Hillary Clinton to claim the post of vice presidential nominee – it will be a landslide victory for McCain in that case
Sonia Chopra
You cannot become a vice presidential nominee when you call your presidential nominee less qualified than the rival McCain. A Hillary Clinton in the ticket also is a major physical threat to Obama. The history of 1960 can repeat.
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