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Broader Measure of U.S. Unemployment Stands at 17.5%

Started by tobytoby
over 16 years ago
Posts: 168
Member since: May 2009
Discussion about
http://www.nytimes.com/2009/11/07/business/economy/07econ.html?_r=1&hp
Response by tobytoby
over 16 years ago
Posts: 168
Member since: May 2009

This is not a good indication of a recovering economy. Some people become positive and upbeat with any little positive news out there. Reality is that unemployment is at historical records and credit market is very tight, both of which will result in increased downward pressure on real estate prices.

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Response by Rhino86
over 16 years ago
Posts: 4925
Member since: Sep 2006

How far had the stock market rallied off the bottom in December of 1982? Regardless of what happens to the national economy...NYC has structural oversupply at these prices, they have to go down.

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Response by somewhereelse
over 16 years ago
Posts: 7435
Member since: Oct 2009

buy now or be priced out forever!

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