Reuters - Video



Saft Says: Think austerity is bad? Wait for sequestration

Friday, Apr 05, 2013 - 01:53

Apr 5 - Reuters Columnist James Saft says this is not a good looking economic recovery and the full effects of sequestration have not even been felt yet.

▲ Hide Transcript

View Transcript

-- -- -- -- Remember the great rotation. Went everywhere and sold bonds to pilot the stocks. No. Neither do -- and after today's nonfarm payroll we're not going to see that for quite own. It was a pretty ugly number well below expectations. And my guess is that this is more about. -- Came into January and money. Rather than this quest. Haven't had time to this question -- to really build your. I think that. Is. If things -- this bad with the impact sequester all what comes next -- even more. Huge numbers of people were crawling out of the workforce essentially giving out going home not -- work. Labor force participation. At the lowest it -- in -- In other. Words so. Actress keeping people aren't arrogant and over -- -- -- we might have a picture of a country where he's got great skills you have -- great shape. We have to make people with. Right skills who really shut -- thoughts. So what's it mean remarks you -- today Huey tomorrow you -- for as long as we and the -- he's. He's not going to be able to take it all that is when she need my bond and all of our worrying about how they're gonna get your position. When he left for another day. It was a great day for honest Mike. Probably have a safety net. Because that is going to be in their mind but it's not going to be -- -- -- there are more concerned. -- army. -- And historically. Where out of which you expect. -- --

Saft Says: Think austerity is bad? Wait for sequestration

Friday, Apr 05, 2013 - 01:53

Top News »

The Exchange »

Moving Pictures »