Well, as Reuters blogger Felix Salmon kindly notes, shold mean a hell of a lot of concern to Treasury Secretary Tim Geithner, since his bank stress test models were based on the old economic model called Rosy Scenario, and NOT the 9.4 percent non-solution.
No wonder President Obama, Grandpa Biden et al, are claiming the slowing growth in unemployment is such “good news.” They’re probably buying plastering trowels to spread this BS.
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