re: 12 hours until December unemployment and jobs reports - guesses?

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If you want to look at participation rates as the only metric of the economy be my guest

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I have in no way suggested that. Nor has anyone else that I recall.

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And we're on more sound footing now than we were then. Or do you disagree with that?

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Somewhat. We've done a historic job of re inflating the bubbles. Avoids the short-term pain. But isn't the road to prosperity.