Suggesting the ‘natural rate of unemployment’ is near current levels.
As you know I’ve been watching for the mainstream to start moving towards this position
as we continue to gravitate to a very ugly ‘export economy’ model.
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> (email exchange)
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> On Mon, Oct 12, 2009 at 5:47 AM, Dave wrote:
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US – St Louis Fed President Bullard Bullard argued that there may not be as much slack in the US economy as many forecasters believe, in a presentation last night to the National Association of Business Economics meeting.
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