What Kind Of Trlcks Will Trump Pull In Order To Gin Up The 3rdQrt Economic Numbers?....

[GriffenRamsey]

11. Sure. I expect more, but telling people they need to buy new cars and phones while the U6 is at 22%?

That will not be popular.

Normally you hear the U3 number. The U6 measures the broadest measure of the unemployed, including those like me who were sick when this stared and already out of work but looking. I expect the U6 to hit 40% with the U3, the normally reported number, well over 30%. I'd say we get there in Q1 2021.

I know nothing though. I'm basing that on what I see in the various trades press, suicides in industries, like dentistry or veterinarians whose practices carry lots of debt to star, and the recent deaths of finance ministers by suicide.

Also, the mainstream consensus is 30%, and they have lowballed everything so far, so greater than 30% on the U3 seems reasonable.

Of course, a massive jobs program in a new Biden administration could help. My personal favorite idea is to digitize America's archival material and vital records at all three levels of government. This can be done in relative isolation, would create work nationwide, would open up a second class of employment in transcribing hand-written documents,and open a vast amount of data to researchers, historians and the public.