FOMC Minutes and How to Play the Non-Rebound Rebound

Michael Shulman submits:

Yesterday minutes of the last Federal Open Market Committee (FOMC) meeting were made public and that group, in not so many words, said, “The double dip is coming, in the real world if not in the data.”

No, I am not a bear twisting words. An economic outlook that includes opinions suggesting a six-year time frame to restore unemployment to normal means the material reality of a recession is still upon us and will be so for quite a while. Recessions are statistically defined but lived through by people – unemployed people, scared people, uncertain people. If too large a percentage of the population is unemployed, underemployed, given up looking for employment, scared of unemployment or uncertain about their employment status, spending is less robust than it was in previous rebounds and business activity, over time, takes a hit. And when that h

By admin posted about 1 year ago

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