Re: Re: Re: Full employment II ("today's perverse world")

[Joel Blau]

Jim:

The collective animal "Wall Street" may not be quite so fixated on the
unemployment rate per se, but wouldn't you agree that broadly speaking, it and
the other indicators you cite tend to move together as a cluster?

Joel Blau


Jim Devine wrote:

I don't think their speculations revolve around the U-rate as much as
expected changes in interest rates, profitability, etc.



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