10.2% Unemployment— The Bottom Line

Posted by David Rosenberg - Gluskin Sheff

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All we can say is thatif the overwhelming consensus is correct that the recession is behind us, then what we have on our hands is the mother of all jobless recoveries and whatever economic growth is being squeezed into the system comes courtesy of the most dramatic intervention by the government in recorded history, including the New Deal 1930s era.  President Obama is now running fiscal deficits that would have made FDR blush.

…..read the full anaysis and conclusions HERE.