These are the latest numbers showing the unemployment rate now at 7.6% We anticipate this to continue through September peaking at above 10%, most likely 10.5-10.8%. In addition the Stimulus, whatever it turns out to be, will most likely be a further drag on the economy by taking money from creative opportunities and putting them into Government programs.
After several discussions in DC on Friday it is becoming more obvious that the G20 meeting in April will potentially be another disaster. Clinton has failed to get an Undersecretary for that position and Treasury and Summers are focused on the Stimulus and banks and Obama has no international experience that the "testing of the new person" will be a disrupting event. There seems to be no plan from the White House of from State at this time and the other countries, Germany and France seem to be preparing to gang up. This will then enliven China, as the successor to the US in world position. Also the collapse of their extraction based economy in Russia and the oligarch's bleeding of the money from Russian banks may set Russia towards a very unbalance future. Thus despite all of our problems at home, the ripple effects worldwide will soon come to roost and it appears as if we have not the right energy at play in DC!
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