- Jul 9, 2017
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I'm not really good at deciphering Wall Street jargon. You know, the shorthand they use when they talk to each other. Despite that I still read CNBC on the web because my friend who is an accountant says all anyone needs to know about the world is reported on CNBC.
So this morning I find this article with a red banner on the top of the page which usually is their way of saying, "Look, this is important!":
NY Fed President John Williams rails against low inflation and calls for central bank action
In that article is this comment, "He suggested encouraging investment across a broad spectrum and removing barriers to labor force and economic participation."
Does that mean what I think it means??? I think it means labor unions are okay and having too many people who have no money means there isn't a market for all the stuff we produce.
One would have thought all these wealthy people would have figured out already that people who have no money don't buy stuff.
So this morning I find this article with a red banner on the top of the page which usually is their way of saying, "Look, this is important!":
NY Fed President John Williams rails against low inflation and calls for central bank action
In that article is this comment, "He suggested encouraging investment across a broad spectrum and removing barriers to labor force and economic participation."
Does that mean what I think it means??? I think it means labor unions are okay and having too many people who have no money means there isn't a market for all the stuff we produce.
One would have thought all these wealthy people would have figured out already that people who have no money don't buy stuff.