Tag Archives: federal Reserve
Did we already collapse?
A couple of days ago, I posted about the convergence of economic bellwethers that pointed to economic collapse in the near future.I have more detail on the unemployment situation. Two of my go-to sources have indicated that the BLS report on employment last month are ‘problematic’. As you may be aware, the ‘headline’ unemployment figure […]
Not to root for Bernie…
The Democrats’ debate in Vegas on Tuesday was an interesting piece of TV. I’ve made my own feelings about the race known here. I’m energized by the presence of Bernie Sanders in the race, primarily because he’s saying things that no one else will say. And not to get too excited, but Bernie apparently won […]
93 million: an update
Since I seem to be in update mode, I thought I’d share this. I’ll try to keep things simple. Back in May I wrote that a count of adults unemployed or underemployed in the current economy indicated that there were some 93 million working age Americans who weren’t in the workforce in any reasonable way […]
Commemorate the CCC and WPA!
Wikipedia I write this on the morning that a recently-released Gallup poll revealed unemployment to be the number one concern of Americans, with almost three times as many people considering it to be a bigger problem than the deficit (23% versus 8%). For those joining us late, I’ve been posting about the subject of unemployment […]
Unemployment drags on
A pair of articles recently in the Huffington Post about unemployment. The first was about Ben Bernanke’s Federal Reserve, and its prediction that unemployment will stay above 6.5% for the next two years at least. The Fed thus sees no good reason to raise interest rates. Parenthetically, the lousy returns on savings and CD’s are […]
The Brooklyn Culture Jam 