This is a very curious article on Reuters. Read it and you will find that the Fed officials discussing the state of the recovery make no mention of jobs. Its surprising. Perhaps the journalist let that one slide, who knows.
For what its worth they are predicting 3% area GDP into the future and they are not worried about inflation just yet. We on the other hand are worried about inflation with gas a little pricey. It also seems like food has become a luxury item.
Reuters: Fed officials see U.S. recovery taking hold
"The recovery seems to have established a firmer footing. I am seeing clearer signs of a virtuous cycle of growth..."
"To cause a lasting rise in inflation, the increases in food or energy prices have to be large enough and persist long enough that they spill over and cause sustained increases in a wide array of other consumer prices. At this point, there is no evidence of broad spillover..."
"Many homes remain in the foreclosure pipeline, and we are looking at well over a year before the number of bank-owned properties begins to decline significantly..."
3 comments:
Jobs aren't important anymore because well there just not and the MSM and they're Corp. bosses and political shills in both wings of the $$ party are tired of all you Left wingers pointing it out to them. The jobless have been and are going to be thrown under the wheels so that the top 20% can go on like nothing has ever happened. Simply put if your jobless it's your problem don't bother us folks with a job were busy trying to keep ours and making sure you don't ever get one again. Being jobless today is a stigma thanks to these turds.
I just reviewed the article again and it makes no mention of jobs as having relevance to the notion of a recovery. Its a very objective type of discussion. Its very strange.
We should watch the articles and see if there is a more concerted effort to play down joblessness and employment. They're happy to talk about foreclosure in this article but that's where it ends. Nobody is mentioning that people go into foreclosure because they are out of work and have no money.
The simple truth is nobody cares about whether 30% of the population is unemployed and living in cardboard shanties. Welcome to the third world.
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