Thursday, October 29, 2009

US Economy grew...

Reports have it that the US economy grew by 3.5%. FT report.

It's jobless growth for the most part. It has been growing with regard to the cash for clunkers and other durable goods demand, as well as a tax incentive for home buyers.

Some economist's say that there must be, or it is desirable amount of joblessness and unemployment, for inflation's sake. But, to the extent to which there has been unemployment at over 8% in the USA, this is not the type of joblessness economist's are wanting.
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