MISH'S Global Economic Trend Analysis |
Fed Says Economy Expanded ‘Somewhat’ in Most of U.S.
Click here for their take. . .
So either jobs and lending pick up. . . or this recovery is not much more than inventory replenishment and massive stimulus.
Click here for Mish's take. . .
Translation: let's see; 8,500,000 lost jobs divided by 162,000 jobs 'gained' last month equals 52 months for a 'full' recovery. I wouldn't hold my breath.
Thus, Leo is correct: It's not advisable to hold one's breath waiting for a job recovery because the numbers are even worse than they look at first glance.
Mike "Mish" Shedlock
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