Its that there were more positive job figures... but getting them will come at a price... nothing has changed... in fact when rates are raised i will have my lemon filled super soaker for those ill prepared for the contractions or those that cant get refinancing... Debt is high, credit cheap and demand is low. Commodities are plummeting yet assets are at record highs.
We have a hybrid economic ideology. Free markets of the Austrians, low rates of the Keynesians and the social values of the Marxists...
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Dusko Ljubojevic, MD
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