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Unemployment numbers ALWAYS lag behind in a recovery. It takes awhile before employers are confident enough to start expanding their workforce again. So looking at the unemployment figures really isn't a good indicator in deciding whether or not you've hit bottom.
The best indicator of the start of recovery is consumer spending. Consumers could be spending NOW, they just, as a whole, haven't gotten over the psychological barrier that's keeping their money in their pocket. If you're still working and you didn't have 100% of your money in investments, then you still have the same cash you had before the bust. Start spending it.
Especially you lousy fuck executives who used to take $200 lunches, but now you brownbag it because "times are tough" and you want to appear like you care, though you're still getting paid millions. I don't begrudge you your pay, many of you earned it, but take those damn $200 lunches, our economy needs it!
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Donovan Trent
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