Central Banks: Employment Creators or Mega-Hedge Funds
The Keynesian disaster recovery plan has been to lower rates, force people to take more risk in search of yield, and entice others to …
The Keynesian disaster recovery plan has been to lower rates, force people to take more risk in search of yield, and entice others to …
It’s easy to be negative about the U.S. economy these days. Find a glint of silver, and folks come running to point out all of the dark clouds looming about. This, of course, is what we got last week when the monthly jobs report was released from the U.S. Department of Labor (DOL). Folks pooh-poohed the number of jobs and whining that they’re not enough or that it’s less than a bunch of economists thought that it might be. But you know what? Stuff ’em.
So the jobs report came out last week and rattled the market a bit. But there is a different perspective to this whole thing …
There was a brief moment of joy at the news that retailers hired 206,000 new people in November. But only one day later, the …
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