The Coming U.S. Hard Landing
By Nouriel Roubin
The utterly ugly employment figures for August (a fall in jobs for the first time in four years, downward revisions to previous months' data, a fall in the labor participation rate, and an even weaker employment picture based on the household survey compared to the establishments survey) confirm what few of us have been predicting since the beginning of 2007: the U.S. is headed towards a hard landing.
http://www.informationclearinghouse.info/article18368.htm
http://freepage.twoday.net/search?q=employment
http://freepage.twoday.net/search?q=Nouriel+Roubin
The utterly ugly employment figures for August (a fall in jobs for the first time in four years, downward revisions to previous months' data, a fall in the labor participation rate, and an even weaker employment picture based on the household survey compared to the establishments survey) confirm what few of us have been predicting since the beginning of 2007: the U.S. is headed towards a hard landing.
http://www.informationclearinghouse.info/article18368.htm
http://freepage.twoday.net/search?q=employment
http://freepage.twoday.net/search?q=Nouriel+Roubin
rudkla - 13. Sep, 10:01
