Sunday, May 27, 2012

Kotok on the Beveridge Curve

David Kotok at Cumberland Advisors writes about the Beveridge Curve on May 4, 2012 and graphs job vacancy vs the U6 from Dec'00-Feb'12.  He notes that the curve moves from the top left to the bottom right.  Conclusions: higher levels of unemployment is structural (and remember, gains have been due to lower participation), inflation and interest rates will stay low, and profits will stay high.

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