The underemployment in the economy accelerates, the economic depression is imminent
Peter Oberois
Oct. 12, 2009

The bond market and gold market has started singing in tune. Whenever that happened before, the financial meltdown driven economic depression has been imminent.

The Treasury fixed income market and the gold market are showing signs of explosive upward movement. How can the two go up together? One hates inflation and the other loves inflation. The answer lies in something that is seldom in seen in centuries. When financial systems collapse, inflation and deflation meets at the point of singularity.

That manifests in the form of total lack of confidence in financial infrastructure. Lack of confidence in currency is manifested first by a rush towards gold. After that comes the Tsunami called rush towards the Government long bonds.

The underemployment in the economy is accelerating. People are losing jobs right and left. They are not finding suitable employment. They are settling for jobs that they never imagined doing ever in their lifetime.

The net result is the shifting revenue base in the economy and lack of pricing power in the companies.

The underemployment in the economy accelerates, the economic depression is imminent
Peter Oberois
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