Salient to Investors:

The percentage of working-age adults who are employed is near a 30-year low at 63.6%, no better than when the Fed first began QE several years ago.

The unemployment rate would be 9.8% if it included working-aged people who have stopped participating, and 14.7% if it included the underemployed.

China has far more policy wiggle room than the EU or the US.

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