Several things of note by John Mauldin in his Is This A Recovery:
... The good news is that employment rose by 162,000 jobs last month, with about 48,000 of those being census workers and another 82,000 coming from the birth/death ratio, a way of guessing how many new businesses started.
So 48,000 are temporary workers and another 82,000 are a guess. Somehow, that guess is hanging out there on a limb in light of the precarious tax burden which is about to hit businesses. Ask yourself, would you be starting a small business right now?
... we will likely see a reduction in government spending (from all levels) over the next few years, a really nasty set of tax increases, which will hit small businessmen the hardest, and continued high unemployment, and all of it coming in a weakening economy by the end of the year.
He puts the odds of a double-dip recession in 2011 at better than 50-50, and as for investing sees what may be a lost decade for stocks in the U.S. Chose your investments wisely.
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