Quote of the Day
By Creature
"They are now unemployed AND broke. That is hardly a green shoot . . ." -- Barry Ritholtz, after looking behind last weeks encouraging unemployment numbers to find the rolls have reduced not because suddenly jobs were had, but because those on the rolls have exhausted their benefits. Bright spots are good. Bright spots that mask reality are bad. Let's be real, people (yes, CNBC, I'm talking to you).
"They are now unemployed AND broke. That is hardly a green shoot . . ." -- Barry Ritholtz, after looking behind last weeks encouraging unemployment numbers to find the rolls have reduced not because suddenly jobs were had, but because those on the rolls have exhausted their benefits. Bright spots are good. Bright spots that mask reality are bad. Let's be real, people (yes, CNBC, I'm talking to you).
Labels: media criticism, U.S. economy, unemployment
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