I mean less that 6% unemployment I think that been the norm for several decades. (That in my mind would be a recovery)
If they were thinking that, then the GSE’s would not be foreclosing in record numbers, it’s the private banks that have been the slow to foreclose.
That’s mainly why the low end has been hit harder than the higher end.
No I think they really want to stall growth, otherwise they would have forced the banks to write down principles or some other drastic action like inflation (you cannot replace 20% of the economy with solar energy job’s) that’s so funny it’s not even trying.
(Like I said, that’s just my speculation)