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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Robert Douglas who wrote (6001)	5/10/2004 3:00:32 PM
From: Haim R. Branisteanu	Read Replies (2) of 116555

Robert, I saw that and that is why I called it neutral - at current debt levels a better job market is not defined by more jobs only, but by high paying jobs which are missing. My problem is that over 350,000 lost their unemployment benefits and the weekly wages did not inched up. If jobs would be created and at the same time hours worked and wages will increase in tandem I would agree for a robust economy, but this data is missing. From this I conclude that yes more low paying jobs were generated but not enough to cover population growth and cover the debt, not to mention the hemorrhaging expenses related to the war in Iraq / Afghanistan big difference between stabilizing job market and robust job market which I do not see. As to the FED they are way behind the curve at 1% FED funds, and close to 2.5% if not more inflation. If I recall balanced interest rates should be aroud (GDP growth+inflation)

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