According to a Cleveland Fed paper the answer is, yes.
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Economic data may be the only thing not priced in this week, say strategists.
Looks like the vaunted US "recovery" may take longer than expected.
Here's one benefit of a lousy labor market: if you're not working, it's a lot harder to get killed on the job.
"The Decline: The Geography of a Recession," as created by labor writer LaToya Egwuekwe, illustrates the scope and magnitude of unemployment.
A couple of nuggets from the Mastercard conference call.
Seriously, the representative headline appearing in mainstream media for a truly awful Durable Goods report is this: Capital Goods Orders Rise, Showing U.S. Spending Gain.