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Friday, April 10, 2009

The Economy: Sinking Soon. Again. More.

Folks put it down you heard it here first (unless it doesn't happen, then fuggeddaboutit)

The economy in the US is going to sink pretty hard, starting maybe around June. Why?

Students graduate and jump straight into the workforce unemployment line

Income Tax handout rebate money is largely spent, even by the latest of late filers

The 8.5% of Americans who are unemployed (16% if you count those who are underemployed or gave up looking) are charging up their credit cards right now. They have to run out of credit soon.

So. June. Look for the charts to look like this: \
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