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Central Bankers vs. The Bond Market | Roger Hirst
Forward Guidance
Is the US System a Quirk in That It's Not Just in the US
The US system is a little bit of a quirk in that you know global unemployment rates OECD unemployment rates reached rock bottom levels I think last year now the US in theory. Once everybody who's unemployed has gone beyond the time that they can claim eventually unemployment could go to zero with the participation rate dropping i.e. people dropping out of the workforce. But we haven't seen meaningful upticks in European or in global unemployment figures either so it's not just in the US and yes I think there are these distortions.
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