Surveillance: US Payrolls Surprise
Bloomberg Surveillance
00:00
Are We Underestimating the American Economic Experiment?
Jeff Rosenberg: Are we underestimating the American business spirit? Well, I think we are Tom. We're underestimating how hard it is to forecast and recovery from COVID as we change in the mix of consuming goods and services,. How firms adjust, how industries adjust. Jeff Rosenberg: Is there still a stimulus effect that leads to these shock numbers? And let's go to Glenn Hubbard, director of Columbia's Chasem Institute for Global Business.
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