On Fri, 13 May 2005, Doug Henwood wrote:
> Goldman Sachs writes in today's weekly commentary on the US economy:
>
>> * Fed officials will need to slow the pace of job creation as the economy
>> approaches full employment. Tighter financial conditions are needed, and
>> this will require a more persistent tightening campaign than the markets
>> currently anticipate.
This is grotesque. We've had the slowest fucking recovery since the Great Depression, and the solution is--throw more people out of work? --Another paean to the glorious efficiencies of capitalism!
Miles