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Also, unemployment is a far lagging indicator. There is NO DOUBT that it will be going up. Sadly, that sometimes means MORE profits for corporations, so the market reacts favorably. Remember back when the axe men came into corporations and reorged....wow, the stocks shot up.
What is good for the goose is not always good for the gander. That part - the entire shifting of the economy and the creation of a new generation of workers and jobs - will take a while!
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"I do not conceive we can exist long as a nation without having lodged somewhere a power which will pervade the whole Union in as energetic a manner as the authority of the state governments extends over the individual states"
-George Washington
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