The reality is that current conditions are nowhere near normal. At the beginning of the last cycle, the only labour market series that offered useful information was the employment-to-population ratio. As the figure above shows, we are still below the lows of the last cycle....Bond Economics
U.S. Economy Getting Better, But...
Brian Romanchuk
If increased wage-slavery is your definition of better?
ReplyDeleteIs it?
My definition is an economy largely free of wage, rent and debt slavery.
I love the skepticism. Keep it up.
ReplyDeleteBearish sentiment in AAII near all time low...
ReplyDeleteMMT people are perma-bears so they don’t count....