All of those fake jobs "created or saved" by the stimulus aren't showing up here:
Things aren't getting better here in the U.S. Even Berkshire Hathaway is cutting jobs, probably to raise cash to pay off all of that BNSF debt they'll assume. Monetary stimulus remains in place but the fiscal stimulus will soon wear off. When it does, stocks will probably (hopefully?) start to pull back to a lower level that reflects the true condition of the economy.
The unemployment rate in the U.S. soared to a 26-year high of 10.2 percent in October and employers cut more jobs than forecast, underscoring why Federal Reserve policy makers say interest rates will remain near zero.
Things aren't getting better here in the U.S. Even Berkshire Hathaway is cutting jobs, probably to raise cash to pay off all of that BNSF debt they'll assume. Monetary stimulus remains in place but the fiscal stimulus will soon wear off. When it does, stocks will probably (hopefully?) start to pull back to a lower level that reflects the true condition of the economy.
