A James Alexander post
Every time I see the chart for US unemployment these days it looks like it is time for the trend to turn.
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Economies move in cycles and it sure looks like it’s time for this cycle to turn. Who will kill the current upswing? Well no-one will be responsible, these things are just cyclical, aren’t they?
Or is there a killer on the loose? The little red line is driving someone mad.
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Even a well known dove appears to have given up the fight against a December rate rise.
