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To: 4figureau who wrote (4278)5/2/2003 9:34:52 AM
From: TheSlowLane  Read Replies (1) | Respond to of 5423
 
A guest on CNBC this morning explained that it really isn't all that bad since we had higher unemployment during the last jobless recovery (he assumes that is what we are in). The jobless part seems evident, the recovery part is less obvious. I'm sure his cheeful little anecdote will warm the cockles of the hearts of all of those who have even stopped trying to find a job at this point...



To: 4figureau who wrote (4278)5/2/2003 10:53:38 AM
From: Jim Willie CB  Read Replies (3) | Respond to of 5423
 
I would have expected jobless rate to fall big
since more people have given up looking for work
than people have lost their jobs

here is the key quote from Inflation Director GreenScrotum
doesnt anyone realize that this guy is insane?

``We need to remain mindful of the possibility that lingering business caution could be an impediment to improved economic performance,'' Fed Chairman Alan Greenspan told lawmakers on Wednesday.

/ jim


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