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The Good News
1. This isn't 1939! World War II didn't start in September!
2. We "clawed" our way back to the 5-year moving average!
3. There are only 4.5 million jobs left to lose!
4. We don't seem to lose any jobs while stuck in ZIRP!
5. At least not yet!
I can't say with 100% certainty that all of those items are actually good news, but surely at least one of them must be! Right?
Source Data:
St. Louis Fed: All Employees: Nondurable Goods
4 comments:
I haven't found anything made in China to be durable.
Sporkfed
You must have left out the jobs in corporations making military hardware.
Sporkfed,
I have found the rhetoric about factory work bringing up the typical standard of living for Chinese workers over the long-term to be fairly durable. :(
Joseph Constable,
Can you imagine the prosperity we'd have if durable bombs could be made? We could reuse them endlessly!
Sigh.
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