Gregor Weekly Mid-Week Update: 18 September 2009

• Gregor Macdonald
• September 18th, 2009

My vision of 100 dollar Oil and 15% unemployment in California is getting closer. And I’m being conservative in this regard because I’m using the headline measure of unemployment, rather than the U-6 measure, which is not only broader but much closer to the way unemployment’s been measured in US historically. Today, the latest data dump on State unemployment was released, and California has hit (yet another) new high of 12.2%. Of course, using U-6 for California, we are already above 17.00%, if not higher.

Gold continues to get alot of attention, but actually, alot of junk assets have had far bigger moves off the lows of 2009.   (this article continues for subscribers through the membership gateway, on the right side of this page.)…

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More from Gregor Weekly

• Gregor Weekly Model Portfolio Update: 23 September 2009
• Gregor Weekly Mid-Week Update: 08 September 2009
• Gregor Weekly Macro Note: Saturday 03 October 2009
• Gregor Weekly Mid-Week Update: 03 September 2009
• Gregor Weekly Model Portfolio Update: 10 December 2009

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