interesting 3-way debate among economists on CNBC
first, Kudlow expects job growth will lag but arrive
he is an utter idiot unaware of any changes to the USEconomy in the last 10 years
he is a supply sider who ignores all debt growth, all dangerous monetary growth, all trade friction, and all twin tower national aggregate debts (trade, federal)
Bill Sullivan is a solid economist at Morgan Stanley
that is also the home of my favorite Stephen Roach
Sully warns that job growth has been and will continue to be interrupted by structural change via job creation and export to Asia
I call it "joibus interruptus" which halts all aggregate anticipated orgasm
former Labor Secy Robt Reich believes also that job creation will continue to disappoint
speaking from his miniature 4'10" frame with a fullsized mouthpiece, he warns that technological advances and globalization forces combine to undermine domestic job growth
he must refer to broadband internet transmissions, fiberoptic longdistance telephone, easy teleconferencing, and excellent collaborative software which all enable export in outsourcing of work
then that birdbrain Labor Secy Elaine Chao spoke about the glowing jobless rate dropping to 5.9%
how it declines when job growth was puney and job losses continue, is beyond my grasp
the USEconomy requires 150k new jobs created in order to tread water
she should have stressed how the govt loves to avoid counting all jobless candidates who no longer qualify for benefits, are therefore ignored, which aids the statistical process
this woman is a certifiable moron, but quite cute
I wonder if Kudlow is paid to be stupid, CNBC vested interest
I know Chao is paid to be not only stupid, but also deceptive
/ jim |
