Thoughts from the Frontline

Unemployment Blues

By John Mauldin

August 3, 2001

Unemployment Signals: What?
A Wrench in the Production Machine
Social Security Theft
Waiting for the Crash
Jail Time

Today we learned that unemployment has held steady at 4.5% for the month of June. I happened to be watching TV as the announcement was made, and immediately I learned from the resident cheerleader that this was good news as it signals that we are poised for a turn-around in the economy.

A look at past unemployment patterns doesn't make me as confident.

In addition to all the reading I do, every now and then one of my readers sends me some of their analysis. I am often amazed at the quality and amount of time spent on the studies. Of course, I shouldn't be, as anyone astute enough to read my tomes is both brilliant and clearly has some extra time on his/her hands.

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