Obama's "Recovery" The WORST Since 1882
According to Stanford economist John Taylor, the current economic recovery is the slowest since 1882. Economic growth is generally strong following recessions, but not this time around. According to...
View ArticleUnder Obama, Economic Stagnation Is the New Normal
Friday's "Employment Situation" report from the Bureau of Labor Statistics (BLS) showed that 5.4 million Americans have dropped out of the labor force since Barack Obama took office. The labor force...
View ArticleDonald Boudreaux and Mark Perry: The Myth of a Stagnant Middle Class
A favorite "progressive" trope is that America's middle class has stagnated economically since the 1970s. One version of this claim, made by Robert Reich, President Clinton's labor secretary, is...
View ArticleThe Stock Markets Are Forecasting Economic Stagnation, Not Recovery
A number of commentators, some of them friends, have been declaring that current stock market valuations prove that the economy is in full recovery. They think that the market reflects high levels of...
View ArticleThe One Chart That Shows Just How Stuck Our Economy Is
The U.S. jobs picture is bleaker than the most recent jobs reports may make you think. The economy added 175,000 jobs last month, but at the rate things are going, it would take almost a decade to get...
View ArticleObama is Lazy like a Fox
President Obama has demonstrated leadership qualities ranging from poor to nonexistent. But is a president who lacks visible leadership qualities really such a bad thing? Or is he lazy like a fox? A...
View ArticleThe Next American Majority
AMERICA’S CHANGING demographics, long a delicate topic, have become an increasingly prominent part of national political debate... --snip-- "The Latino Education Crisis: The Consequences of Failed...
View ArticleChicago Fed's Evans: $1.5 Trillion MORE QE By January 2015 (Stalled...
The Chicago Fed’s President Charles Evans sent this Tweet today: #CharlesLEvans our purchases will continue to be open ended. We may need to purchase 1.5 trillion in assets until January 2015. Well,...
View ArticleResenting the Rich: Is All Inequality Created Equal?
Last week, as Ukrainian emigre- turned-tech tycoon Jan Koum prepared to cash a multibillion-dollar check from Facebook — acquirer of his startup “WhatsApp” — Ukrainian President Viktor Yanukovich was...
View ArticleObama’s Betrayal of American Workers of All Races and Backgrounds
According to a new report by the U.S. Conference of Mayors, Americans are earning 23% less today than what they made before the 2008 recession for the same jobs. This terrible statistic doesn’t even...
View ArticleThe American Middle Class Hasn’t Gotten A Raise In 15 Years
In 1988, the typical American adult was 40 years old, white and married, with a high school diploma. If he was a man, he probably worked full time. If she was a woman, she probably didn’t.Twenty-five...
View ArticleEurozone in danger of repeating Japanese stagnation, IMF chief warns
Eurozone in danger of repeating Japanese stagnation, IMF chief warns By Benjamin Fox BRUSSELS - International Monetary Fund boss Christine Lagarde has warned that the eurozone risks following Japan and...
View ArticleWhat's Causing the Wage Stagnation?
I recently wrote about sluggish and stagnant wages, which are said to weaken the economy's recovery. I argued that workers' fear of losing their jobs is an important - perhaps decisive - explanation....
View ArticleBeneath Obama's Budget Proposals Is A Depressing View Of The Future
Jason Lange and Howard Schneider, Reuters Feburary 2, 2015WASHINGTON (Reuters) - Beneath President Barack Obama's plan to fight income inequality lies a gloomy view of an economy that is growing slower...
View ArticleSlouching into stagnation – advance read of 1st-quarter GDP +0.2% [The...
The economic experts had anticipated the slowdown of the US economy to continue in the first quarter of 2015, after the 5.0% annualized real GDP growth in the 3rd quarter of 2014 slipped to 2.2%...
View ArticleLARRY SUMMERS: The global economy is facing a 'dangerous' situation
During HSBC's Global Investment Seminar in New York this week, Harvard professor and economist Larry Summers brought up secular stagnation. In 2013, Summers revived the phrase, which, over time, has...
View ArticleThe Debate on Whether America’s Best Days Are Past, or...
Take a look back at some of the most popular TV programs of the mid-1960s -- "The Dick Van Dyke Show," "Bewitched," even "The Beverly Hillbillies" -- and what do you see? Like today, middle-class...
View ArticleThe Myth of the Stagnating Middle Class
The American middle class is disappearing. We hear it from everybody. Senator Bernie Sanders (D., Vt.) focused throughout his campaign on what he termed the “disappearing middle class” — disappearing,...
View ArticleWhy Americans have stopped moving
Americans are stuck. Locked into our jobs, rooted where we live, frozen at our income levels. More than at any previous point in our history, we’ve stopped moving — whether moving up the income ladder...
View ArticleBewitched, becalmed, bewildered {Economics}
In the first decade of the 21st century Western economic growth entered the doldrums. The question was why. Former Harvard president Larry Summers noticed that something changed after the 2008...
View ArticleChinese Regime Worried that the Northeast Will Erupt in Protest Due to...
As people in northeastern China grow increasingly dissatisfied with the central government’s neglect of the region’s economic development, authorities are worried that mass protests could soon break...
View ArticleGas prices hit 7-year high as stations run low on fuel ahead of July 4
Gas stations across the country are facing fuel shortages, driving prices to a seven-year high as more than 40 million Americans prepare to hit the road for the Fourth of July weekend. The nationwide...
View ArticleU.S. Inflation-Adjusted Spending Stagnates To 0% Growth As Prices Surge (Core...
The core Personal Consumption Expenditures (PCE) deflator numbers for November were released this morning and the print was a whopping 4.7% YoY, the highest rate since 1989. Meanwhile, U.S. consumer...
View ArticleBlue Monday Or Stagflation? Commodities Signal Stagflation (WTI Crude DOWN...
As the US is engulfed in inflation while The Federal Reserve is engaged in trying to fight inflation (well, sort of), we are seeing markets taking a shellacking, particularly commodities. One indicator...
View ArticleSocial Security Bankruptcy by 2033 {semi-satire]
The Board of Trustees for Social Security now predicts that the program will run out of money to pay beneficiaries by 2033. The problem is "higher-than-expected inflation rates and lower-than-expected...
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