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Notes to myself, possibly of interest to others.
-- Bill Northlich

Friday, February 5, 2010

Rosenberg Daily - More on Employment

To put 480k [this week's initial jobless claims; see prev. post] into proper perspective, it is 80k higher than the level prevailing in the aftermath of 9/11; and just about in line with the peak posted in the 2001 recession. And this is with zero policy rates, a $2.2 trillion Fed balance sheet and a 10.5% fiscal deficit-to-GDP ratio.

---Rosenberg, 2/5

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