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Alliancebernstein Income Fund Message Board

  • c_wallis_jr c_wallis_jr Aug 13, 2013 12:16 PM Flag

    One has to wonder if the Fed wants to drive the economy into another recession.

    As rates increase borrowing costs for everybody including the Federal government goes up.
    With a sharp rise in U6-broadest measure of unemployment and underemployment- in the last two months (14.3% to 15.2%), a 36% decline in GDP growth from the same period in 2012. a disappointing 162,000 jobs created in July, a disappointing .2% increase in retail sales, new that low-paying sectors accounted for 60% of the jobs in July, and ranks of part-times swelling by 791,000, one wonders if the Fed wants to stop the economy dead in its tracks.

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    • Additionally, the Commerce Department said that retail inventories outside of the auto sector unexpectedly dipped in June, which suggests that second quarter economic growth might have been a little weaker than the 1.7 percent annual rate reported last month. Overall inventories were flat.

 
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