White House Expects 10% Unemployment In Next Few Months

Developing story: this means that unemployment will either be allowed to reach its true, "unadjusted" levels in the low teens shortly, or will be kept artificially low for 2-3 months, allowing that to be spun as a green shoot by CNBC. Time will tell.

By the way, can someone please remind me what the worst case for unemployment in the bank stress test completed less than 2 months ago was... A little hazy there (actually, that was rhetorical but thanks for all the feedback). At least all retail investors who bought into the BAC follow on offering have the "stress testors" to thank that their money is safe in even the worst case scenario for the economy. Sphere: Related Content

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