US public sector employment at 47 year low
Now, the federal government employs exactly 2 percent of the people with jobs in this country. In 1966, the figure was more than twice that, 4.3 percent. via US public […]
Larry Summers: We need to focus on growth
Data from the CBO imply that an increase of just 0.2 percent in annual growth would entirely eliminate the projected long-term budget gap. via Larry Summers: We need to focus […]
HERE’S WHY THE RECOVERY IS SO SLOW..
The implications are huge: Shunning debt and spending less can be good for one family’s finances. When hundreds of millions do it together, it can starve the global economy. via […]
The Decline Of The West? – Seeking Alpha
There is little to suggest that innovation and technological progress are running out of steam, let alone slowing down. These are the most important determinants of that all-important metric: productivity. […]
No economic growth in the Netherlands for seven years
Top economists Rick van der Ploeg en former minister Willem Vermeend argue that the Netherlands hasn’t grown in seven years and this is unprecedented. They blame the 46 billion euro […]
Should We Allow Kyle Bass To Bet On The Economic Implosion Of Japan? – Seeking Alpha
As we write, there is a battle going on in the largest financial market of the world. The outcome of this battle can easily have a devastating influence on the […]
Masters of Doom?
The country has just completed one “lost decade”, measured on growth per person, he says, and is about to enter a second. via Masters of Doom?.
A Simple Graph That Should Silence Austerians and Gold Bugs Forever
We had the shallowest recession and the best recovery primarily because we (a) control our own currency and (b) used aggressive monetary policy to save the banks and lower interest […]
Profits at record high, wages not so
Wages as a percent of the economy just hit another all-time low. Why are corporate profits so high? One reason is that companies are paying employees less than they ever […]
US Federal deficit shrinking fast
As Hatzius notes, the deficit is currently running under half the peak of the fiscal 2009 budget and will probably decline further over the next few years with no additional […]