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Rosenberg: Unemployment Headed for 12-13%
There are serious structural issues undermining the U.S. labour market as companies continue to adjust their order books, production schedules and staffing requirements to a semi-permanently impaired credit backdrop. The bottom line is that the level of credit per unit of GDP is going to be much, much lower in the future than has been the case in the last two decades.
Submitted by
tschuma417
11/11/2009
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tschuma417
11/11/2009
tschuma417 is playing it
GLD
Long
4.32%
SPY
Short
0.38%
XLP
Long
0.62%
XRT
Short
4.53%
I am playing this headline with (SPY XRT XLP GLD) because T he unemployment rate is likely headed for 12.0-13.0%
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