A depressing report suggests that even if adding two million jobs a year, it will take seven years to restore employment to pre-recession levels. [View news story]
Wrong kind of slack. Furthermore, political pressure from the unemployment rate will keep deficit spending very high, to the detriment of the dollar and inevitably interest rates.
On Sep 30 04:07 PM Stone Fox Capital wrote:
> Depressing if you don't have a job, but for the market its neutral > or bullish. Thats alot of slack in the economy that will allow for > an extended period of low interest rates.
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Wrong kind of slack. Furthermore, political pressure from the unemployment rate will keep deficit spending very high, to the detriment of the dollar and inevitably interest rates.
Sep 30 23:10 pm
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All Comments by darkpool »A depressing report suggests that even if adding two million jobs a year, it will take seven years to restore employment to pre-recession levels. [View news story]
On Sep 30 04:07 PM Stone Fox Capital wrote:
> Depressing if you don't have a job, but for the market its neutral
> or bullish. Thats alot of slack in the economy that will allow for
> an extended period of low interest rates.