Joel Blau wrote: >The collective animal "Wall Street" may not be quite so fixated on the >unemployment rate per se, but wouldn't you agree that broadly speaking, it and >the other indicators you cite tend to move together as a cluster? Wall Street does care about the U rate. They love labor market slack, as does Greenspan. Central bankers have a very Kaleckian understanding of the labor market. Doug
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- Doug Henwood