Friday, May 11, 2012

Yeah, no shit.

From July 2010 to April 2012, the decline in the number of people collecting extended and emergency unemployment benefits was 2.46 million. Over the same time period the number of people collecting disability benefits increased by 2.20 million. We suspect the similarity in the inverse relationship is more than coincidence.

Mike "Mish" Shedlock

Thanks to Dave for emailing me this.

1 comment:

WRENCH said...

90% of what we are fed by the financial media is bullshit. Contrarian investing means to do the opposite of what they say...