Swamped
Sorry about radio silence — too many personal and professional obligations fell in at the same time. Back later today, maybe.
Meanwhile, just a quick note on the jobs report; not good, of course. You don’t want to overreact to one month — but this shows the utter folly of all the talk about how it’s time to move from stimulus to tightening, time for the Fed to worry about inflation instead of jobs, and all that. We’re still very much in the Lesser Depression, and all our focus should be on getting out.
Meanwhile, just a quick note on the jobs report; not good, of course. You don’t want to overreact to one month — but this shows the utter folly of all the talk about how it’s time to move from stimulus to tightening, time for the Fed to worry about inflation instead of jobs, and all that. We’re still very much in the Lesser Depression, and all our focus should be on getting out.
Britain has been doing a "Hell of a job" on its economy.
The continent of Europe has been leading the way.
I am riding the political bubble. I hope to get off before it pops.
We are having a thin time in financial news and in political news.
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