U.S. Markets Recover After Dismal Start to the Week
What does the weakness of the Japanese currency have to do with U.S. stock markets?
The Dispatch cited CEI’s expert on employment rates
“Whatever the reason(s) for Monday’s mini-panic, Ryan Young, a senior economist at the libertarian Competitive Enterprise Institute (CEI), told TMD a stock slide is “meaningless” in the face of positive economic news. “Any employment rate under 5 percent is usually pretty good. That used to be the definition of full employment,” Young said. “[The U.S. economy] grew by 2.8 percent last quarter, 1.4 the quarter before, and 5 in last year’s third quarter.”
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