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Unemployment, Growth and Competition

Greg1084 Wrote: Sep 08, 2012 9:13 AM
I think the first act of the next administration should be to get Helicopter Ben really acquainted with helicopters. Really acquainted.

The unemployment numbers were released this morning. They were not as good as expected. Pretty horrible actually. Some of the comments from pundits ahead of the number were interesting. Diane Swonk said, “I never thought I’d be reading political briefs to make my decisions on investing.”. She and I both. It’s a weird time.

Our labor participation rate is horrific. It almost looks to me like government employees are messing with that number in order to change the headline percentage number. Older statistics were revised down. It’s not as if we haven’t seen manipulation in other areas of the bureaucracy. We...

Related Tags: Competition