'92 was the worse I've seen in Connecticut. Then again I was just out of college. Unemployment in my valley is currently 5.7%.
It was 10% in 2000.
It was 12% in 1992.
I'm too young to really remember '82, and I was just out of diapers in '73 :)
Hmmmm, isn't that saying the economy goes through some gloomy times every 8 to 10 years?
Get much lower then 5% unemployment, businesses really start to scream they can't find help.
I'm becoming more and more convinced as I read stuff we're simply on a speculative bubble of oil prices. $4 gas will break soon. $2 to $2.50 gas? Sure...because we'll be back to the point the oil supplies are confined by our lack of drilling, and by lack of refining capacity to meet demand (particularly surge demands and seasonal change overs). Plus 25 cents or so that's due to ethanol instead of gasoline being used in the E-10. Maybe even $3 gas because that's the global warming crowd's wet dream, and really wouldn't break the heart of the oil executives either.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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