Stock market, and economy, at any point in time are unfathomable IMHO. Among plethora of conflicting news, it is a challenge to understand the true state of affairs. Plus majority of us are biased. A Bull is always on a lookout for good news. This blog is for Bulls- where only those news are posted which strengthen Bullish outlook. If a Bear stepped into this Bull territory by mistake, he should get out and visit a field dedicated to Bears: http://for-bears.blogspot.com
Monday, July 26, 2010
Economists: More jobless benefits could head off a double-dip recession
Economists: More jobless benefits could head off a double-dip recession
Restoring benefits for more than 5 million long-term unemployed workers would not put enough money into the U.S. economy to step up the pace of growth, but it could prevent the nation from sliding back into recession, economists said. Extra unemployment benefits Congress provided during the recession expired early last month, but Senate Democrats defeated a Republican filibuster Tuesday aimed at blocking a further extension. A final decision from the Senate is expected Wednesday. Google/The Associated Press (20 Jul.) , The Washington Post
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