Job losses cut directly into the spending of the newly...

Job losses cut directly into the spending of the newly unemployed, and indirectly tend to have a very real impact on the confidence of those who are still working. If demand falls, firms will lay off more employees, and the downward spiral could put us over the edge into a bona fide recession before the Fed's actions can take effect.

Bill Cheney Quote About Actions, Bona, Confidence, Cut, Demand: Job Losses Cut Directly Into...

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