'92 was the worse I've seen in Connecticut. Then again I was just out of college. Unemployment in my valley is currently 5.7%.
It was 10% in 2000.
It was 12% in 1992.
I'm too young to really remember '82, and I was just out of diapers in '73 :)
Hmmmm, isn't that saying the economy goes through some gloomy times every 8 to 10 years?
Get much lower then 5% unemployment, businesses really start to scream they can't find help.
I'm becoming more and more convinced as I read stuff we're simply on a speculative bubble of oil prices. $4 gas will break soon. $2 to $2.50 gas? Sure...because we'll be back to the point the oil supplies are confined by our lack of drilling, and by lack of refining capacity to meet demand (particularly surge demands and seasonal change overs). Plus 25 cents or so that's due to ethanol instead of gasoline being used in the E-10. Maybe even $3 gas because that's the global warming crowd's wet dream, and really wouldn't break the heart of the oil executives either.
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Today's Featured Article - The River Tractor - by Charlie English Jr.. This is a 4010 John Deere that was used to farm on the Diamond Island which is in the Ohio River about 15 miles southwest of Evansville, Indiana. About ten years ago, this tractor was parked close to the bank as the river was washing the bank of the island away.
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