here is another Stephen Roach report
http://www.morganstanley.com/GEFdata/digests/latest-digest.html#anchor0
His note on the number of jobs created is interesting.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail michael at
Meanwhile, each succeeding winter brings up afresh
the great
question, what to do with the unemployed; but while
the number of
the unemployed keeps swelling from year to year, there
is nobody to
answer that question; and we can almost calculate the
moment when the
unemployed losing patience will
