Schmidt’s Gold Thoughts

- August 27th, 2010 reported Schmidt’s Gold Thoughts: reported Schmidt’s Gold Thoughts:

In the last twelve months the U.S. deficit was $1.536 trillion. At the same time, unemployment, per the government’s headline statistic, is 9-10%. In the real world it seems that government deficits and unemployment are now, in the words of a statistician, positively correlated. When the deficit rises, unemployment goes up. See also Greece, Spain, et al.

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