{"id":62815,"date":"2009-12-04T06:42:00","date_gmt":"2009-12-04T11:42:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/growing-signs-of-a-double-dip-and-a-weak-jobs-report-guarantee-cheap-money-as-far-as-the-eye-can-see-2009-12"},"modified":"2009-12-04T06:42:00","modified_gmt":"2009-12-04T11:42:00","slug":"growing-signs-of-a-double-dip-and-a-weak-jobs-report-guarantee-cheap-money-as-far-as-the-eye-can-see","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/62815","title":{"rendered":"Growing Signs Of A Double Dip And A Weak Jobs Report Guarantee Cheap Money As Far As The Eye Can See"},"content":{"rendered":"

If you’re a bull, what are you hoping to see when the unemployment number is released at 8:30?<\/p>\n

Consensus<\/a> is that the jobless rate remained steady at 10.2%, and that a payroll decline of 125,000 will prove to be the slimmest fall since March 2008.<\/p>\n

Others, like JPMorgan see the jobless rate hitting 10.4%.<\/p>\n

The JPMorgan number may be more bullish, medium-term, if it means more stimulus, and looser money out of the Fed.<\/p>\n

In fact, the latest economic data has not been particularly pretty, and we may see cheap money and stimulus no matter what. The services sector is contracting. Global manufacturing activity is slipping<\/a>. The Case-Shiller <\/a>number disappointed.<\/p>\n

As John Hussman recently noted<\/a>, we’ve definitely gone from reports that surprised on the upside, to reports that surprised on the downside. Granted, we don’t want a severe double dip. But a tepid, in-and-out recovery may be just what the doctor ordered.<\/p>\n

\"surprise\"<\/p>\n

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