Tag Archives: Shadowstats
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 […]
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 […]
Cheap gas and economic collapse
I was hoping to keep this short when I started writing it back in early December, but (to quote Ralph Waldo Emerson), “things are in the saddle and ride mankind.” Oil prices have fallen off a cliff in recent weeks, declining some 45%. It has been a good time for motorists–and for the peak […]
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 […]
Huzzah! Unemployment fell to 6.7% (NOT)
Per the Bureau of Labor Statistics, we find that the US added a paltry 74,000 jobs in December (I’m assuming that’s seasonally adjusted and doesn’t include people hired for holiday retail). And yet despite that, the Unemployment rate fell to 6.7%. Huzzah!Praise be to Obama! Praise be to the fiscally responsible Republicans who refused to […]
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 […]
Don’t know much about Statistics, either
Once upon a time, there was a man named John Williams. He wrote the music for the Star Wars movies and became quite famous. This is quite unfortunate for the John Williams I’d like to tell you about today. The John Williams I’m writing about has no aspirations to music as far as I know. […]
The Brooklyn Culture Jam 