I just heard on television a commercial where they are offering merchandise

[Tuesday Afternoon]

that can be purchased with interest free payments for 3 and half years. Their closing line:

"Wonder what the economists have to say about that!"

so, I wonder -

What do the economists have to say about that.

What does that say about the state of the economy?

[dkf]

1. Just read an article that the rampant unemployment is leading to great hiring opportunities

For employers of skilled workers with perfectly matched skill sets and lower salaries. This is increasing productivity and they believe it will lead to low inflation ergo no interest for 3 years. Of course at the end you have to pay it back or get hit with crazy rates.

This is one of my concerns with illegal immigration. It causes an oversuppy of labor which brings down wages. Were we to take that excess labor pool out labor costs would increase aka salaries. Illegal immigrants do the jobs that can't be exported.

Those fighting to keep illegal immigrants are causing their own employment and salary prospects bleak. If you support illegal immigration you really can't complain.

[Statistical]

2. Sign/symptom on deflation.