Thursday, November 25, 2010

Snapshot of Economy via St. Louis Fed

Most recent data are not encouraging. Fed has kept interest rates low and inflation is almost non-existent. Industrial production is steady at a low rate of growth which is reflected in slow growth in payrolls and the unemployment rate stuck above 9.2%.

This is not your father's recession. The economy seems to be stuck in low gear. The longer it persists at this level, the more difficult the recovery.

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