Reuters: Instant view: July nonfarm payrolls fall more than expected
We are in the big stall.
"There's no double dip, there's no next recession coming. This is more like what ended up occurring in Japan, just a low level of growth.
"The risk is, at this kind of a growth rate, that you raise the specter of deflation. The longer you go with low growth, let's call it 2 percent real growth GDP, with this much excess capacity in labor and capital that it forces prices down.
4 comments:
This is the road to massive poverty in this country. This is where Corporatism leads. The so called Public/Private partnership is in reality a disaster for two major segments of the population small business and workers. Since small business produces the Lions share of the jobs this means what were seeing long term unemployment numbers like nobody has seen since the Great depression and were seeing deflation starting to take hold. How any economist can say this isn't a double dip is beyond me. Maybe, the truth is the CORPORATIST elite has decided 25% of the population without any income is fine because it forces wages and benefits down and keeps the population in a steady state of desperation. The party of the elite the GOP seems to like the situation right now and is doing all it can to boost unemployment while astoundingly blaming the unemployed at the same time. These are shameless ruthless people. The DINOCRATS are just clueless, no matter what they're intentions might be?
Wondering why corporate America is being so negligent here.
Is it possible there is a communicated effort to oust Obama?
The thought occurs. The Republicans are without conscience.
They smell victory and will do whatever is necessary, even if it ruins the lives of millions. These are ruthless , heartless people, if only I believed in Karma but I don't.
hehe - I do believe there is karma, and its a big enough belief to cover you to. So we are covered!
Unfortunately, because I am not a Buddha I am clueless as to how it works for them and how the results come about in the future, so with that point I am not covered.
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