The labour market in the US is still correcting itself.
In the FT report, the manufacturing sector has been the hardest hit.
I think this was bound to happen. The labour market is adjusting and correcting itself to international competition from the Emerging Markets.
It will bottom out, soon, and then, make a modest return as soon as credit seeps into personal loan bank sheets as well as automobile loans pick up.
I think we can kiss goodbye to the days of Us automobile dominance.
The good news is, if this is good news, the Euro zone is weak as well.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment