Friday, April 4, 2008

March Unemployment Rate: 5.1%

The unemployment rate surged from 4.8 percent to 5.1 percent and, after declining somewhat in recent days, expectations for further rate cuts by the Federal Reserve have now increased. With short-term interest rates at just 2.25 percent, there's not much room to cut, but things are looking increasingly bleak and desperate times call for desperate measures.

The Fed may need some bigger mops to clean up after the latest bursting bubble.
From the Mess Greenspan Made

The "government must do something crowd" is likely to make this a election issue.

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