Eleven Tril is the equivalent of 9.5 months of our Gross Domestic Product ($14.3 Tril a year), or 2 1/2 months of the world GDP! ($54 Tril). And while we are in the throws of a seemingly major recession, there will be a lot of jobs created. Yes, $11 Tril has been or is planned... [full article »]
Jon Hefferlin
Articles by Jon Hefferlin...
$11 Trillion Flowing Into World Financial System Means Jobs, Lots of Jobs!
by Jon Hefferlin Nov 11, 2008, 5:32 am ET
How Could We Lose 84,000 Jobs When Q2 GDP is up 3.3%?
by Jon Hefferlin Sep 5, 2008, 12:38 pm ET
OK, we lost 84k jobs, with June and July revised upward by 56k. Puzzling indeed with Q2 real (after inflation) GDP growth revised upward from 1% to 3.3%. How could this be? Last month we seemed to be turning the corner in job losses — only 51,000 with downward revisions of previous numbers — and... [full article »]