“We have seen meaningful progress in the labor market,” Federal Reserve Vice Chairwoman Janet Yellen said last week during her testimony. “What the [Fed] is looking for is signs that we will have growth that’s strong enough to promote continued progress.” That could be a while. Take a look at the special unemployment rate U-6—those who have stopped looking and those who have settled on part-time work.
In the meantime this is a classic tale of dollar debasement.
At the end of the day there is no free lunch.
Latest posts by E.J. Smith - Your Survival Guy (see all)
- Has North Korea Put an EMP Weapon in Orbit? - January 18, 2018
- Do You Know NFL Hitman James Harrison? - January 17, 2018
- Edwards: States Should Handle Their Own Infrastructure - January 16, 2018