I've noticed that not many folks are talking about a double-dip recession these days.
I chalk it up to an inability to keep a straight face when saying goofy things.
For the United States to go into a double-dip recession, it would have had to have come out of a recession, right?
And the jobs report for August was abysmal.
Shaila Dewan at The New York Times has discussed the worst job showing in eleven months.
She pointed out that the unemployment rate is 9.1%, and admirably, also she also referenced the sky-high U-6 measure of inflation.
Now, is this a depression?
Well, global manufacturing is down, down, down. Emily Knapp, at Wall Street Cheat Sheet, gives us the numbers, and they awful.
So here's my answer to the question, is this a double-dip recession, or a depression?
It doesn't matter.
I just want it to stop.
Because as long as unemployment is sky-high, people will need to file bankruptcy cases.
Which are down slightly last month.
Go figure!
