Those Old Unexpected Blues
9:22 AM, Jan 10, 2014 • By GEOFFREY NORMAN
Big surprise and nobody called it. Here we were, in the midst of all these signs and indicators pointing to an economy that was warming up for takeoff, a recovery that had finally taken hold, an end to the need for stimulus via the Fed. And what happened is, as reported on CNN/Money:
For the last five years the talk has been of recovery and a return to growth. The reality has been one of an economy that is dead in the water. But say this, anyway, it has been remarkably consistent, as measured by the number of adults holding jobs. The number at the end of each of the last five years, in millions: 58.3, 58.3, 58.5, 58.6, 58.6.
So where do they get “unexpected?"
Recent Blog Posts