Jim Letourneau's Blog

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An Impending Rise In Employment

I haven't seen the phrase "an impending rise in employment" anywhere in the torrent of financial information that I ingest each day except on Jeff Matthew's blog. His open letter to Ben Bernanke is thought provoking and well documented. I try to pay attention to variant statements like Matthew's as they often provide a more accurate view of present and future market prospects than the screaming headlines.

On what basis would Mathew's base his statement?

Well, we listen to a lot of earnings calls with companies that do business all over the world. And we think if you bothered to do the same, it would change your mind about the inevitable persistence of that “stubbornly high unemployment rate,” to quote the well-worn phrase.

Matthews is hearing positives from a variety of industries including private equity, railways, advertising, outplacement, and construction equipment.

More here