Tondar's Daily Rant

Prepare yourself for the writings of Tondar the Destroyer, Baron of Atlanta, Rightful Heir to the Throne of Spain, from whom all babies come. As his will be blogged, so let it be done.

Tuesday, July 14, 2009

BEHIND THE UNEMPLOYMENT NUMBERS

Mortimer Zuckerman has an interesting Op Ed for the Wall Street Journal that discusses some of the problems with the way unemployment is reported and why the situation is even worse than the numbers indicate. For those of us trapped in the infernal deserts of Michigan, this is even more frightening as the state numbers are about twice as bad as the national numbers (in percentage terms). Further, even the south is not immune from this crisis. Yesterday I received word that my replacement and two of my friends had been laid off in foreclosure town. I have heard that the real estate markets have cooled again thanks to rising interest rates. However, I always thought work was foolish to lay off those that weren't lazy assholes because it's not like there are going to be any shortage of foreclosures during this depression.

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