Interesting comments from the former Federal Reserve Chairman in the link below. The title of the article is somewhat misleading as Mr. Greenspan seems to straddle the fence on a lot of the topics in the accompanying videos. He mentions that raising the dividend and capital gains taxes as being disasterous for the economy.
http://www.cnbc.com/id/38034791/
Monday, July 5, 2010
Jobs numbers lousy again,
The jobs numbers are horrible, 125,000 job losses mostly due the census workers being laid off. How temporary workers are counted in these numbers one will never know. Anyway, private sector job growth is still way below the numbers from prior months.
Good news, is unemployment dipped to 9.5%, actually while the numbers seem positive this is bad news as fewer people are looking for jobs and are not counted in the unemployment figures. How these numbers are determined is beyond me. The next few months are critical, if the jobs losses continue to mount, the U.S., the world, appears headed to a double-dip recession.
source: cnbc.com (unemployment numbers only)
Good news, is unemployment dipped to 9.5%, actually while the numbers seem positive this is bad news as fewer people are looking for jobs and are not counted in the unemployment figures. How these numbers are determined is beyond me. The next few months are critical, if the jobs losses continue to mount, the U.S., the world, appears headed to a double-dip recession.
source: cnbc.com (unemployment numbers only)
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