A Moderate View on the Direction of Our Economy
It has been nearly four years since the banking system in the United States nearly collapsed. That was one of the biggest economic crises in modern history. Given the pace with which we’ve been solving these problems, you would think we weren’t even close to being over yet. That’s because we aren’t. Wall Street watched…
Four years ago, the global economy slipped into the worst economic fallout since the great depression. The economy has been struggling to recover from that fallout for the past three years. Governments around the world have increased spending in a desperate attempt to bring us back to times of prosperity. Sadly, those attempts have been…
Sentiments towards the Federal Reserve have become extremely negative. In fact, a poll that was conducted a year ago found that the majority of Americans want the Federal Reserve abolished. This is an indication that Americans are not pleased with the way things have gone. Many Americans want to blame the Federal Reserve for bankrupting…
The fallout from the economic downturn our nation experienced in 2008 has brought tremendous levels of grief and rage among the American public and those suffering all over the world. As Obama stated a few months ago, these people are looking to hold someone accountable for the problems that arose in the financial crisis. The…
When the BLS reports the number of new jobs each month, we usually use the following logic: Benefit = Number of unemployed people back to work Jobs Created in Monthly BLS report = Number of unemployed people back to work This logic is nice and easy for everyone to understand. Unfortunately, the situation may not…
It’s official. America reached the tipping point of the debt crisis last month. The debt-to-GDP ratio is now over 100%. Of course, the doomsayers are ready to say that this is the beginning of the end of times. I don’t like to succumb to that kind of melodramatic idea. Personally, I believe that the United…
Global citizens do not like living in uncertain times. This is especially true when we are faced with unfairness or even corruption. Over the past year, many people have taken to the streets to protest what we’ve been facing. The Occupy Wall Street movement, the riots in Greece and the ousting of President Mubarak of…
On the first Friday of every month, the Bureau of Labor Statistics puts out the employment data for the previous month. There is enough data in this report to fill pages of text. However, most of the focus is placed on two key variables: The official unemployment rate determined by the household survey The seasonally…
Last month the Bureau of Labor Statistics boasted that the nation created 243,000 jobs for the entire economy. Optimists welcomed the news, but others found a graver piece of data buried in the report. The labor force participation rate dropped to the lowest level since The BLS labor surveys are one of the most important…
Our world is facing one of the biggest financial crises in the history of mankind. In all certainty, what we are going through is worse than the Great Depression. Many may disagree with me, arguing that we are not witnessing the same levels of poverty we witnessed when the world slipped into crisis in the…