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The Real Uncooked Unemployment Rate in the U.S. is 22.5%

October 31, 2010

How bad are things out there?

The most recent issue of Barron’s magazine (October 11, 2010) puts the real, uncooked US unemployment figure’s at a sobering 22.5%. That is NOT a typo. You can read this stat in Randall W. Forsyth’s article “Debasement Blues.”

So who is going to buy this ever-increasing inventory of homes?

There’s only one way to sell physical assets that no one wants, and that’s to cut the price.

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