Feeling depressed?

Feeling depressed?

There are 13 comments on the Baltimore Sun story from Dec 6, 2008, titled Feeling depressed?. In it, Baltimore Sun reports that:

It could trigger a depression." These leaders are far from alone in their apocalyptic thinking.

Join the discussion below, or Read more at Baltimore Sun.

Dunn

Glen Burnie, MD

#1 Dec 6, 2008
Unlike the Great Depression, we have 24/7 news telling us about our economic woes. I have found that this certainly depresses me.
off topic

Dundalk, MD

#2 Dec 6, 2008
Am i the only that has noticed that when articles involving mom, like the 9200 acre purchase et. al..they do not give us an oppurtunity to post our comments?
David

Owings, MD

#3 Dec 6, 2008
No doubt Mayor Dixon is depressed. There's an indictment with her name on it that awaits in 2009!
David

Owings, MD

#4 Dec 6, 2008
No your not "off topic". Not only your point but even when comments concerning BOY KING are possible within 48 hours after they're pulled.
off topic wrote:
Am i the only that has noticed that when articles involving mom, like the 9200 acre purchase et. al..they do not give us an oppurtunity to post our comments?
TimD

Baltimore, MD

#5 Dec 6, 2008
THIS was a very good opinion piece - was it vetted by the editorial board?

Great point about the comments - there was NO opportunity to point out the obvious conflict between the "necessary" furloughs and the equally "necessary" land grab.
Bubblemore

Cockeysville, MD

#6 Dec 6, 2008
@ Dunn,
Hardly do I ever agree with you Christian Dunn, but I do agree the feedback loop you speak of is real and it makes everyone feel depressed and/or scared.
Regarding the article,
It amazes me at the lack of understand of the statistics which we try to compare and use in "news" articles; granted this is an opinion piece.
It is important to understand where these statistics come from which are being reported. Go here for details on the November 2008 unemployment statistics:

http://www.bls.gov/news.release/empsit.t12.ht...

The 6.7% unemployment is also known as "U-3" which if you click on the link above you will clearly see U-3 and Nov 08 showing 6.7%. This number only captures people "officially unemployed". What about people who have given up looking for work, have run out of unemployment benefits, or are underemployed? To clarify what I mean by underemployed, an example would be working 20 hours per week while you would like to work 40 hours per week. Or working at Wal*Mart retail or McDonalds flipping burgers while having a Masters degree in electrical engineering.
To understand how the underemployed fit into this equation you need to go back to the link above and look 3 lines below U-3 and look at U-6. This unemployment measures says 12.5%. Of the 12.5%, 6.7%(U-3) are totally unemployed while 5.8%(12.5%-6.7%) are underemployed.
So what does all this mean? You might say, be thankful to have any job right now. But here is the statistic which you should note from everything I mentioned above:
The year-over-year (YOY) change from November 2007 to November 2008 in U-3 (unemployed) is 4.5% to 6.7% which represents a YOY rate of change of 48.9%((6.7-4.5)/4.5). Raw unemployment changed 48.9% in only one year!
What is worse even is that underemployment (U-6) YOY rate of change is 54.3%((12.5-8.1)/8.1). This means underemployment is increasing at a faster rate than unemployment. Make your own opinions based on the facts.
-Kevin aka www.Bubblemore.blogspot.com
Surf52

Clarksburg, MD

#7 Dec 6, 2008
By supporting the distilling industry in this country I'm doing my part to fight the country's depression....and mine.
Unbelievable

Abingdon, MD

#8 Dec 6, 2008
off topic wrote:
Am i the only that has noticed that when articles involving mom, like the 9200 acre purchase et. al..they do not give us an oppurtunity to post our comments?
You are not alone. I see a pattern here also. I have seen it for years. I think the land purchase is a BAD idea, but this is the kind of leadership the people voted into Annapolis. I just sit back and watch. Karma will prevail.
Unbelievable

Abingdon, MD

#9 Dec 6, 2008
What it means to be poor has changed radically as expectations for our standard of living have risen.

You bettcha
Only in America can a poor person be fat.
Bmore

Baltimore, MD

#11 Dec 6, 2008
Unbelievable wrote:
<quoted text>
You are not alone. I see a pattern here also. I have seen it for years. I think the land purchase is a BAD idea, but this is the kind of leadership the people voted into Annapolis. I just sit back and watch. Karma will prevail.
Yes, Yes, let the developers develop. Don't protect one acre of land. The free market knows best. I hardly recognize the eastern shore now.
jeffro

Rocky Mount, NC

#12 Dec 7, 2008
Bubblemore has fiqured out real economics and government statistcs. Government statistics (gasp) lie. The real unemployment rate is 12.3% it will be around 19% by end 2009, approaching the Great Depression numbers. It will rise higher in 2010-2011 when the banks are at the peaks of their losses in loan resets. Prepare, this is going to get ugly, There is no bottom for years, the stock market will not botton until early 2012.
Fast Eddie

Englewood Cliffs, NJ

#13 Dec 7, 2008
I'm (hic) with ya Surf
Joe

Baltimore, MD

#15 Dec 8, 2008
Unbelievable wrote:
What it means to be poor has changed radically as expectations for our standard of living have risen.
You bettcha
Only in America can a poor person be fat.
No kidding! I am baffled by how some people can cry poor and still weigh 400lbs.

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