Originally Posted by The Mad Crapper
The Chicago Fed's Evans not only backed more easing but repeated his call for a price-level target, a bolder move than inflation targeting, saying that there was little chance the U.S. unemployment rate, now at 9.6 percent, would fall below 8 percent by 2012.
The unemployment rate is at Great Depression levels of 22 percent if calculated using the same criteria per shadow stats.
Before you read the “Outside The Lines” report, consider this:
Taping the opposing team’s sideline still isn’t banned; only taping the opposing team from the sideline is illegal.
Also remember this:
Taping the opposing team from the sideline wasn’t banned until 2006, yet the report cites examples as far back as 2000. ~NESN