Sunday, January 9, 2011

Number of Discouraged American Workers Hit Record High -- GuruFocus.com

We keep repeating the same message. There will not be a sustained economic recovery without the U.S. Consumer. With real unemployment rates near 15%, and debt/GDP at astronomical levels, all the Analyst hype in the world won't make a dent. The broader U.S. equity market is heading down with asset and collateral prices, that correlation is absolute. U.S. National Net worth is over 70% correlated to residential and commercial real estate and real employment. Europe is an economic disaster, with Germany holding on, and China is teetering. Cash is king. Number of Discouraged American Workers Hit Record High -- GuruFocus.com

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