We all know unemployment rates are through the roof. But how much longer is this streak of joblessness going to last? Bob Parker, vice chairman of Credit Suisse Asset Management, discusses some of the specifics regarding how the U.S. (and Europe) will recover from this downturn. His main contention? While 2010 will see a decline in unemployment rates, they will be slow to fall, and we may not see rates drop below 9 percent until next year.
Check out the video for more analysis on the weak dollar and how it has actually helped the U.S. economy, and overselling the stock markets.
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Have any comments or questions about our Thursday video editions of IMPO Insider? Or do you have a video you'd like to see featured in one of our deployments? Email me at Joel.Hans@advantagemedia.com.