Sure job losses have ended, but it’ll be a while till we see some wage gains, a critical component in improving sentiment and expand consumption, can consumption recover?
"Although very few jobs were lost in November, most workers have little bargaining power to demand higher pay because of double-digit unemployment and reduced workweeks" — Analyst from "Wage Trend Indicator".
Will the consumer and thus the economy be ready for tax hikes in 2011? If not, it would be another headwind.
Will we have more of this? People will start branding this period as a failure of Democracy itself if we have political deadlock over one of the most important times in our country’s history, and the result is more suffering for America.