I have, for many years, been a regular reader of David Rosenberg. Back when he was Merrill Lynch’s chief economist, to more recently at Canada’s Gluskin Sheff, I enjoy his daily “Breakfast with Dave.”
Sometimes, it is because we disagree, and I am looking for an intelligent challenge my pre-existing notions. Other times, it is to see where Rosie and I agree. And sometimes, like in yesterday’s missive, it was simply to see something different and interesting.
The pair of charts nearby are what leapt out at me. The first chart shows Labor Force Participation Rate. It leaked in the late 1990s. Particpation rate has plummeted since. This usually gets trotted out to show how weak the job market is.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.