Sunday, December 05, 2010

You're a Mean One, Mr. Grinch

Ben Bernanke was on 60 Minutes tonight and said it could be four to five years before we see normal employment numbers.

Whatever the new normal is.

My faith in government estimates is very low and I'm thinking he's wrong. I just don't know if he's over or under on the number. Depending on the definition of normal, of course

Hopefully, we will see better hiring numbers soon. Even with the employment news less than expected last week, I think the economy is growing slowly and that at some point the lagging indicator will catch up.

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