Home > Economy, Unemployment > Latest Congressional Budget Outlook For 2012-2022 Released, Says Real Unemployment Rate Is 10%

Latest Congressional Budget Outlook For 2012-2022 Released, Says Real Unemployment Rate Is 10%

“What do the NAR, Consumer Confidence and CBO forecasts have in common? If you said, “they are all completely worthless” you are absolutely correct. Alas, the market needs to “trade” off numbers, which is why the just released CBO numbers apparently are important… And the fact that the CBO predicted negative $2.5 trillion in net debt by 2011 back in 2011 is largely ignored. Anyway, here are some of the highlights.”

Via Zero Hedge

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Categories: Economy, Unemployment
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