James Alexander via Historinhas | Every time I see the chart for US unemployment these days it looks like it is time for the trend to turn.
Economies move in cycles and it sure looks like it’s time for this cycle to turn. Who will kill the current upswing? Well no-one will be responsible, these things are just cyclical, aren’t they?
Or is there a killer on the loose? The little red line is driving someone mad.
Even a well known dove appears to have given up the fight against a December rate rise.