Making Real Estate Bubbles, Not Jobs Oct 21, 2014
The Fed has more than quadrupled its balance sheet from 2008 to now, attempting to create jobs. The result: a 1.7 million increase in the number of unemployed, a 2.8 million increase in the number of those employed part-time for economic reasons, and a decline in the labor participation rate from 66% to 62.7%. Nationwide, nearly 11% of mortgaged properties are underwater, according to CoreLogic.
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