In that complacent mindset that things are just going to chug along in BAU mode...unemployment duration of that magnitude, especially in conjunction with the level of U-6 presages additional credit deterioration - which will lead to taking more of onto the public balance sheet...
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In what way is that not a lagging indicator?
In that complacent mindset that things are just going to chug along in BAU mode...unemployment duration of that magnitude, especially in conjunction with the level of U-6 presages additional credit deterioration - which will lead to taking more of onto the public balance sheet...
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