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 ‘Ryan Grim’
Why Are Home Sales Plummeting?
August 27th, 2010 |
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Why are home sales plummeting?On the surface, it is because the government’s tax-credit for first-time home buyers lapsed in April. It takes a couple of months lag-time between buyer purchase decisions and the actual close of escrow, and so the expir…
Mainstream Economists: “Mission Accomplished”
July 28th, 2010 |
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Numerous current stories show how disconnected mainstream policy-makers are from reality.For example, Ryan Grim points out that there is an “unbelievable disconnect” between the American people (who are people are against the Afghanistan war) and Congr…
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…
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…
Bank Lobbyists Are Not Only Trying to Kill NEW Legislation, They Are Trying to Weaken EXISTING Regulations
October 15th, 2009 |
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Everyone knows that the lobbyists for the financial giants are trying to kill any tough new regulations.But they are also trying to weaken existing regulations.Specifically, Robert Borosage notes:The [derivatives] bill that the House will consider on W…
TV SoundOff: Sunday Talking Heads
July 26th, 2009 |
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Good morning and welcome to your Sunday morning liveblog of your Sunday morning political chatfests. My name is Jason, and by the time your read this, I will be gone. Now, don’t worry. By “gone,” I do not mean that I have finally performed …