Spiraling Around in Circles
Posted by Doug Rice on Fri, Mar 05, 2010 @ 01:17 PM
February's jobs report said that unemployment, despite snow in the northeast, held steady at 9.7%.
We lost 36,000 jobs net and that was greeted as good news by the markets as it could have been worse.
What we can learn from this.
Think of the economy as a spiral. We spiral up and we spiral down.
Right now we are spiraling around in circles and I am getting a bit dizzy.
While that is better than spiraling down, before things truly get better, we need to start spiraling up.
On the other hand, there is still a chance we could spiral back down.
Crossroads methinks.