Friday, January 6, 2012

After all these years, green shoots at last?!!

WSJ covers the emerging green shoots of the economy - the unemployment rate is dropping, as are the new claims for unemployment.

Kinda looking like THIS drop in unemployment is for real, not just the "fuzzy math" that comes by not counting people who've given up all hope of ever getting a job.

Can it be that years after Ben Bernanke so optimistically groomed us for "green shoots," they're finally popping up at last?! Well, according to the WSJ, the Fed's not doing a jig just yet:
"The Federal Reserve, charged with maintaining stable prices and maximum employment, has remained cautious."
Strange to see such caution from an organization that proclaimed the arrival of [the false] spring back in March 2009...

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