Unemployment numbers out for March, recovery on it's way?
Yesterday the BLS issued a very positive report suggesting that unemployment across the board went down to levels we have not seen in a year. Here is a snapshot: Even the number that I always pay attention to, U-6, shaved almost 2% in one year. There is no way to spin this, this is an improvement when viewed alone. If we are primary a consumer driven economy then getting people back to work is the only way to recover true organic growth. So what gives? For a long time many skeptics including myself have been suggesting that we are going to see higher and higher unemployment, stating so even as early as last year. I think there is a very clear explanation and incidentally this is precisely the same explanation that has us staring at $108 oil and soon to be $4 gasoline. The federal reserve has been furiously pumping money into the economy, the same money he was unable to pump in two years ago due to bank's refusals to lend. The...