Home > Economy > Ceridian Report says “Shipping Decline Signals Weaker Holiday Season”; Phone and Email Interview with Ceridian Chief Economist Ed Leamer

Ceridian Report says “Shipping Decline Signals Weaker Holiday Season”; Phone and Email Interview with Ceridian Chief Economist Ed Leamer


Bernanke is certainly doing everything he can to avoid a double-dip, but it is highly unlikely QEII will do any good. I made the case in Three Reasons QEII Will “Backfire”; Pavlov’s Dogs and the “No Choice” Argument Yet Again.

Please give that a read if you have not yet done so.

If Congress raises taxes and does not extend unemployment benefits I think a double-dip recession is a given.

Regardless, if “housing is the business cycle” then things prospects for jobs do not look good, whether there is a double-dip or not.

In conclusion, we are likely in for a period of low-growth or no-growth accompanied by painfully high unemployment for quite some time. Is that what the stock market has priced in?”
Via MISH’S Global Economic Trend Analysis

About these ads
Categories: Economy
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 887 other followers

%d bloggers like this: