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« Bailout! A New Merle Hazard Song | Main | The Composition of the Economy: It's Not What You Think »

July 30, 2009


Robert Armstrong

It took a while to grasp your thinking and you are correct sir. As long as unemployment stays high or is on the increase we do not have a legit recovery. Lack of jobs wont stop a recovery because jobs are a bi-product of the recovery. We better gear up for retraining and retraining again as long as coporate america keeps off-shoring whole industry sectors, which will surely occur as we cozy up to China and a huge low cost labor pool.

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