[quote=paramount]TG: You may very well get that chance again…
Has there really been a fundamental change?
Slightly less “preliminary” unemployment numbers?
The gov’t hired 70k Census workers…BFD, gov’t jobs aren’t all that helpful anyway.
Until jobs start coming from the private sector, it’s all manipulated and phony.
Even Newt Gingrich basically stated that yesterday in a Sunday morning news show.
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And Mr Grantham already factors the underlying weaknesses in our economy into his forecasts. That’s why he thinks the recovery will be VL. A small bounce now, and then a long grind without much sunshine. But he thinks markets will over-react, and zoom up over the rest of the year, and then only slowly deflate in small steps over the next seven or so years that will likely not retrace the low of March any time soon.
