Real UM 30% ~ re Unemployment May Hit 16%

I mentioned about real unemployment rate would be 30% when market manipulation is over; how, we are hearing about 16%, so, the estimated economic condition is getting on track. After decades of market bubble/crash emptying Americans' wealth, it is inevitable.

Unemployment May Hit 16%: Portfolio Manager
Posted By: JeeYeon Park | News Associate

| 02 Sep 2009 | 11:37 AM ET

Stocks have been on a decline in the last few trading sessions, making investors nervous about where to put their money. Dan Veru, executive vice president and co-CIO of Palisade Capital Management and John Lekas, CEO and portfolio manager at Leader Capital shared their market insights.