In response to:

If Obama Wins Who Would Prevent Collapse?

aloneinmichigan Wrote: Sep 07, 2012 9:15 AM
I hope you are wrong. But the facts are indesputable. Make sure you and your families are protected. It is going to get very ugly.

The economy can’t recover until housing recovers, and neither can recover until the labor market recovers.

From Credit Suisse compliments of

[This measure of labor demand suggests businesses have become a lot less willing to hire in the last two months. Jobless claims in recent months are not showing a deteriorating picture for the layoff side of payrolls, but help wanted online ads are showing weakness on the hiring side.

Biggest two-month drop since the recession three years ago. Help wanted online ads posted a second straight triple-digit decline in Aug after Jul’s big drop. Importantly, new ads accounted for...

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