Financial Professionals


This Morning's Unemployment Report

Clearly, the absence of private sector job growth in this morning's Unemployment Report is rather troubling. The result is that the Federal Reserve must remain in a low rate environment for "an extended period of time."  In addition, the reintroduction of "underweight" allocations will be warranted. There will also be many suggestions of a domestic double dip recession - I disagree with that.

I believe that the continued ZIRP (zero interest rate policy) will prevent a riotous 2008 style market decline, but clearly the Baseball Season of Frustration plays on. 

Private Sector Jobs

Source: Bloomberg

Past performance is not a guarantee of future results.

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