tag:blogger.com,1999:blog-3758330678390419129.post1313739238790189177..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Austrian-Lite Theory Destroyed: U.S. Jobless Rate Hits Lowest Level Since 2007Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3758330678390419129.post-22462949632909327612016-12-02T19:08:21.789-05:002016-12-02T19:08:21.789-05:00The unemployment rate is a fraud as it arbitrarily...The unemployment rate is a fraud as it arbitrarily excludes unemployed from the labor force. There are now 95M adults not in the labor force. The job participation rate is the lowest since 1978 showing the economy is indeed in terrible shape: http://www.zerohedge.com/news/2016-12-02/americans-not-labor-force-soar-record-951-million-surge-446000-one-monthAnonymoushttps://www.blogger.com/profile/13327747953440358663noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-48181076461933413992016-12-02T15:44:14.218-05:002016-12-02T15:44:14.218-05:00Just who are these "Austrian-lites"?
I ...Just who are these "Austrian-lites"?<br /><br />I certainly disagree on which economic indicators are more relevant, but I've never predicted Fed policy. What I will say is I believe the economy is in borderline recession and a rate hike, no matter how small will have negative consequences.Guy Noirhttps://www.blogger.com/profile/06114291200200458208noreply@blogger.com