U.S. economy really seems to be slowing down....
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Heard a rosy interpretation of the disappointing employment report on the radio this morning. Some fellow (from an investment house or similar outfit as I recall) said this meant the "red hot growth" of recent months was easing into a "healthier", steady-state rate of expansion.
I like happy talk about happy outcomes and sliver linings as much as the next chaos clown but this seemed pollyannish.
.d.