Analyst On CNBC Predicts Thirteen Percent Unemployment

[DemocratSinceBirth]

Wow... I can't imagine all the pain that will cost. And where people will look for solutions.

[marmar]

1. On CNBC? Wow.....He'll be taken out back and shot after the program.....

..... How dare he upset their market-pumping happytalk.

[DemocratSinceBirth]

3. I Am Totally Disinvested

Gore Vidal used to say if you want to know what's going on read what the ruling class reads... I presume we should watch what they watch.


This is sad...

[Warpy]

6. CNBC is for the booboisie

and the best advice is to do the opposite of everything they tell you to do. CNBC is to make sure the pigeons are calm and set up for plucking.

Look at their track record.

[AngryAmish]

9. It is not just CNBC - nobody can predict the future

Some people have wonderful track records - and most likely they are just lucky.

So this person may be right or may be wrong but their prediction of the future is no better than guesswork.

[spanone]

2. carnac the analyst?

[DemocratSinceBirth]

4. Meredith Whitney

~

[TacticalPeek]

7. She's got it going on.

13% is one thing - how long is stays high is another, and iirc she doesn't see people without jobs leading much of a recovery through consumerism any time soon.

We're fucked.

[Lerkfish]

5. you have to add 10% to any govt. unemployment figure

so that makes real unemployment 23%, or just about one in four.

[WeDidIt]

8. CNBC said to BUY BUY BUY Last August, too

CNBC said the economy was on a roll and was never gonna stop last July.

CNBC is full of shit.

[ellie]

10. Well if CNBC said it

then the opposite will happen.

[timeforpeace]

11. But if it goes to 12%, the headline can read "Unemployment less than predicted" ie good news.