But Goldman projects unemployment to go up to 10.75% by early 2011.
Meanwhile 4% GDP growth for Q4 is becoming holy writ because of inventory building. Wednesday, wholesales inventories were up.3%, while wholesale sales were up 1.2%.
There's no double dip in Government statistics.
Goldman Sachs Research: State and Local Drag
2 comments:
I call that the jobless recovery!
Will this bring Gold down at all?
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