That said, we have had a good run, perhaps too good. I think ‘Stag-flation’ is in the cards and I hope it doesn't get beyond the traditional meaning of that term although I wouldn't be at all surprised if it did get much more severe.
But me being the cynical person I am thinks the unemployment stats are also a little ‘Rosy’.”
I read something to the affect that they count the bodies on unemployment and the ones who have exhausted their unemployment benefits and still don’t have a job are not counted.
Anyone know for sure?