Capital Commerce

Economist: No Job Growth Until March 2010

December 10, 2008 RSS Feed Print

Even after the economy stops shrinking, the economy will not create jobs until March of 2010 and not really move into high great until July 2010, according to Michael Dueker, a senior portfolio strategist at Russell Investments and former research at the Federal Reserve Bank of St. Louis. (His numbers also show that the economy really didn't crumble until Lehman went under.)

Me: Of this, I have little doubt, especially since we have long-term, run-of-the-mill Democratic spending agenda masking as an economic recovery package.

« Previous Post Next Post »

Reader Comments Read all comments (3)

Add Your Thoughts Comment Name State Email

Please enter the two words below into the text field underneath the image.

Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

January 2009
-720,000 Jobs
GDP -6.2%
January 2010
-20,000 Jobs
GDP +5.7%
That's a 12 point swing in just one year.

Jaz of CA 10:16PM March 03, 2010

Obama is an economic illiterate.
You can't make chicken salad out of chicken bleep. Obama's spending orgy is pure economic chicken bleep. As James points out, even Obama's own advisor, Peter Orszag, thinks so.
Cut taxes, cut spending, restart the economy.

Dean of MN 10:22AM December 10, 2008

Gad, you can't expect Obama and his administration to undo the MESS GWB MADE IN THE PAST 8 YEARS, until at LEAST 2010 - I'd even be grateful if he got a few things squared away and improved by the end of 2012...
Obama is president, not god.

Diane of CA 9:29AM December 10, 2008

Economist: No Job Growth Until March 2010

Related Articles

Reader Comments Read all comments (3)

Capital Commerce

Subscribe

Editor's Picks