The World Economy

The Real Unemployment Rate?

June 08, 2009

For many months now I've been wondering why so many people call the Labor Department's U-6 measure of labor underutilization the real unemployment rate, as if, somehow, people settling for part-time work are without a job at all.

Japan's current account surplus down 54.5% in April
Jun 7 06:57 PM US/Eastern

TOKYO, June 8 (AP) - (Kyodo

Japan's current account surplus shrank 54.5 percent in April from a year earlier to 630.5 billion yen, the Finance Ministry said Monday.
The balance of trade in goods and services posted a deficit of 287.3 billion yen, the ministry said in a preliminary report.
The current account balance -- the broadest gauge of trade -- is the difference between a country's income from foreign sources and foreign obligations payable, excluding net capital investment.

( This is really telling, Japan's number 1 trading partner is the U.S.. This is telling you that U.S. is not importing goods, as an out come Japan is not EXPORTING. Geithner says everything is ok, ha ha ha)

Optimistic Unemployment and Housing Forecasts Looking Downright Silly
Economics may be the "dismal science" but economists as a group sure seem to be an optimistic lot. Yes, there are a handful of "doomers" like Nouriel Roubini but most economists did not see the recession coming until it was already 10 months old.
Please consider unemployment forecasts. The Fed forecast unemployment at 8.4% in 2009 and the "adverse forecast" was at 10.3% in 2010. ( learn more at)

Market Distortions A Product Of Fed Decisions
Posted: June 6 2009

Any coming rally will be built on sand, Fed over a barrel and will act that way, big leverages led to a the big collapse, we know financial institutions should never be allowed to self regulate, production decreasing, liquidations rise, lies of Cheney exposed, GM in chapter 11.
Ron Paul’s Audit the Fed bill is now up to 190 cosponsors!
A recovery is supposed to be in the works in the midst of increased savings, declining debt balances on credit cards, more bankruptcies, higher unemployment and new wave of foreclosures. Consumer participation in GDP is down from 72% to 70.4%. Bank and other financial firms’ balance sheets are what they say they are and we have a stock market bear rally built on sand just as we had in 1931. And, lest we forget, bogus government statistics calculated to confuse professionals and investors alike. What an upside down world. How do you make money when you are losing money? Wait until late July and in August when the second quarter earnings are released by financial firms. They won’t be pleasant reading. The market rally and much of the earnings are simply fraud. Wall Street and investors simply shrug their shoulders and look away. They know but they do not want to know. Ever present in the scams is the SEC, which has never seen a major firm they did not like. (Learn more at)

Gold Price Manipulation by fed. gov. and fed. res.

In this market gold dropping $20.00 dollars in 2 hours??? You decide.