SilverOz's blog

The unemployment data was still bad

The BLS report ( came out today with a surprising .1% drop in the unemployment rate to 9.4% (U-6 is at 16.3%), which many here and elsewhere are proclaiming is a turnaround in the employment situation. While this may be the case, other data in that same report leave me doubting that we are going to see any meaningful improvement in the employment situation for some time.

That 70's Show Revisited

Sometime in the next couple of years we are going to see the virtual death of the dollar and its death is going to be perpetuated by the very recovery the administration is now engineering.

The death I speak of may not necessarily come in the form of terrible exchange rates, but it will definitely manifest itself in the form of very high interest rates and likely inflation as well (through commodities again).