As bad as the employment figures are in the US, the UK has it worse. The implication is that quantitative easing won't end, despite the Fed's plan to abort purchasing of US Treasury bonds and agency mortgage-backed securities. In other words, until the employment picture improves, attempts to stimulate the economy will continue.
http://www.telegraph.co.uk/finance/jobs/7465199/Quarter-of-adults-out-of-work-official-figures-show.html
Sunday, March 21, 2010
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