The unemployment rate has risen again for the the first time in 4 months. I predicted a growing, long-term unemployment problem last year.Indeed, even after the government plays with the numbers to make them look better (using inaccurate birth-death …
Posts Tagged ‘Bruce Kasman’
No Wonder the Outlook for the Economy is “Unusually Uncertain” … the Fed is Killing It
July 21st, 2010 |
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Fed Chairman Ben Bernanke testified today that the outlook for the economy is “unusually uncertain”.That’s not surprising.Nothing has changed since I made the following points last December.High-Level Fed Officials Slam BernankeFed Vice Chairman Donal…
Has America Suffered a PERMANENT Loss of Jobs?
December 3rd, 2009 |
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Some of the top economists say that America has suffered a permanent loss of jobs:JPMorgan Chase’s Chief Economist Bruce Kasman told Bloomberg:[We've had a] permanent destruction of hundreds of thousands of jobs in industries from housing to fina…
Robert Reich Confirms Permanent Destruction of Jobs in America
December 2nd, 2009 |
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Former Labor Secretary Robert Reich writes today:The basic assumption that jobs will eventually return when the economy recovers is probably wrong. Some jobs will come back, of course. But the reality that no one wants to talk about is a structural cha…
Questions for Bernanke’s Senate Confirmation Hearing
December 1st, 2009 |
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The Senate Banking Committee will be chatting with Ben Bernanke this Thursday to vote on his reappointment.Demand that the Committee ask the following questions for our esteemed Esteemed Chairman (and contact your own Senators also and demand that they…
U.S. Suffering Permanent Destruction of Jobs
October 5th, 2009 |
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America is suffering a permanent destruction of jobs.JPMorgan Chase’s Chief Economist Bruce Kasman told Bloomberg: [We've had a] permanent destruction of hundreds of thousands of jobs in industries from housing to finance.The chief economists for…