> A peak unemployment rate of 9% is ugly, but it's 2 points below the
> late-1982 peak. From his rep, you'd think the guy was calling for a
> more end of the world rate, like 15%.
Sorry for digging this up from the archives, but I just want to put this on record: I think Roubini is crazy if he thinks unemployment will peak at 9%. I would be shocked if it didn't get into double-digits.
SA