Friday, September 5, 2008

Maybe now the Fed will take another look at inflation

Because the only "inflation" we have in this "deflationary" economy is in job losses!

6.1% unemployment, with a 10.7% U-6 rate which includes the marginally attached workers and part timers who want to work full time.

But this time the unemployed workers couldn't be dismissed as marginally attached because there was an extension of unemployment benefits so the government had to count them!

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