A market crash by jobless recovery?
Prieur du Plessis (December 18th, 2009) Writes:
This post is a guest contribution by Dian Chu*, market analyst, trader and author of the Economic Forecasts and Opinions blog.
While certain signs have pointed to the end of the recession, unemployment remains rampant. With a double-digit unemployment rate, President Obama has been traveling throughout the nation, pushing his job-creation agenda.
Meanwhile, the House overwhelmingly approved extending the filing deadline for unemployment benefits and the COBRA health coverage subsidy through the end of February, and also narrowly passed the $154 billion jobs bill.
Billions would probably go toward highway construction and mass transit. However, the total is considerably less than the $780 billion stimulus bill passed earlier this year, and is not expected to hit the Senate until early next year. But if the legislation is ultimately passed into law, the total spending could amount to almost
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