2010 Economic Forecast - Cloudy and Cold With Impending Storms
The financial hail storm that has pounded the World through most of 2009 continues to pour on the pain.
Everywhere you look there's another scary sign of tough times ahead.
Find me one economic forecaster who thinks we'll pull out of this mess without a big dose of inflation and I'll find you a thousand who believe the Dollar won't be worth a fraction of its' current value in the years ahead.
Recent reports have surfaced indicating, the new norm, when it comes to unemployment rates in America, may be leveling out at around the 10% mark.
What does this mean? Everyone who has lost their job over the past 14 or so months may just be out of a job for years to come.
Here in the United States, in as few as 18 months, we've all watched as unemployment rates have steadily risen from a low of 4.
7% in April of 2008 to a high of 10.
3% just last month.
What may be deceiving about these numbers is that the actual unemployment rate may be much higher than suggested.
The United States Unemployment rate is based on what is called the 'labor force'.
The 'labor force' is defined as the number of people employed plus the number unemployed but seeking work.
Now, I think we all know someone who has simply given up looking for work.
Many financial analysts have recently concluded that a 10% unemployment rate may actually be the new standard, at least in the U.
S.
Some economists are speculating that this rate could persist for up to 10 more years.
Another full decade of 10%+ unemployment rate.
What does this mean for all those who have lost their job in 2009? It means there will be more and more individuals looking for anything they can to weather this financial storm.
It means there will be more and more people turning to their computers and the Internet looking for answers.
This is why there are currently record numbers of new online home businesses starting up daily.
This is why it only makes sound financial sense to jump online now and begin to educate yourself on everything you can about the world of Internet Marketing.
While forecasters continue predicting the perfect financial storm is bearing down and can't miss us, it's the weather bugs among us who will find sunny days ahead.
Start planning now for the rainy days to come and seek shelter on the World Wide Web.
Everywhere you look there's another scary sign of tough times ahead.
Find me one economic forecaster who thinks we'll pull out of this mess without a big dose of inflation and I'll find you a thousand who believe the Dollar won't be worth a fraction of its' current value in the years ahead.
Recent reports have surfaced indicating, the new norm, when it comes to unemployment rates in America, may be leveling out at around the 10% mark.
What does this mean? Everyone who has lost their job over the past 14 or so months may just be out of a job for years to come.
Here in the United States, in as few as 18 months, we've all watched as unemployment rates have steadily risen from a low of 4.
7% in April of 2008 to a high of 10.
3% just last month.
What may be deceiving about these numbers is that the actual unemployment rate may be much higher than suggested.
The United States Unemployment rate is based on what is called the 'labor force'.
The 'labor force' is defined as the number of people employed plus the number unemployed but seeking work.
Now, I think we all know someone who has simply given up looking for work.
Many financial analysts have recently concluded that a 10% unemployment rate may actually be the new standard, at least in the U.
S.
Some economists are speculating that this rate could persist for up to 10 more years.
Another full decade of 10%+ unemployment rate.
What does this mean for all those who have lost their job in 2009? It means there will be more and more individuals looking for anything they can to weather this financial storm.
It means there will be more and more people turning to their computers and the Internet looking for answers.
This is why there are currently record numbers of new online home businesses starting up daily.
This is why it only makes sound financial sense to jump online now and begin to educate yourself on everything you can about the world of Internet Marketing.
While forecasters continue predicting the perfect financial storm is bearing down and can't miss us, it's the weather bugs among us who will find sunny days ahead.
Start planning now for the rainy days to come and seek shelter on the World Wide Web.
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