BLOOMBERG Bloomberg Real Yield November 5, 2017
Bit softer, although think there is a lot of noise in the summer, we think the economy is in good shape. Economists would call it a robust economy with growth of 3 plus at least for the last two quarters, despite these rather disappointing employment numbers. I think we are past the crisis. We are still getting a lot of distortions out there, but the underlying economy is strong. Whats worrisome is the decline in unemployment happened for the wrong reasons. We saw a pretty big drop in participation rates. This could be noise related to the hurricanes. The job number is noisy. Still pretty good...