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Bill Gross: "I think unemployment is here to stay"
Posted by Edward Harrison on 20 November 2009 at 8:14 am
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Category: Economy Tags: Bill Gross, business media, data, economic indicators, employment, financial media, unemployment, video
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- “When markets go up, investors want to then concoct a theory that explains how the rally in the markets is being supported by the underlying economy. So, the 'green shoots' theory is just that - it's sort of a fiction that's been woven around a liquidity driven market. If you want to call those green shoots, blue shoots, or yellow shoots - pick your color.”
-- Stephen Roach
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- edwardnh: @michaeljung: The @SmartMoney comment is not true. The labor force participation rate was up both SA and unadjusted.
4 days agoedwardnh: @SmartMoney actually that's not true on labor force. rate fell because of seasonal adjustments http://bit.ly/bzI1RR
4 days agoedwardnh: Unprecedented moral suasion from regulators on small businesses lending: Credit Writedowns http://bit.ly/avYp3H
4 days agoedwardnh: Chandler: Policy makers are repeating the mistakes of the 1930s: Credit Writedowns http://bit.ly/aZBjs6
4 days agoedwardnh: Just added two charts: Unemployment number decline is all about seasonal adjustments: Credit Writedowns http://bit.ly/bzI1RR
4 days ago
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