Relevant and even prescient commentary on news, politics and the economy.

VSPs Get Their Way With Budget Deal: Social Security Benefits Are Cut

by Barkley Rosser     (Econospeak) VSPs Get Their Way With Budget Deal: Social Security Benefits Are Cut All the Very Serious People are jumping up and down and cheering.  We have a budget deal in the House and the debt ceiling is being raised and there will be no more artificial budget crises until […]

The decline in prime age labor participation: the smoking gun (Part 1of 2)

by New Deal democrat   (Bonddad blog) The decline in prime age labor participation: the smoking gun (Part 1of 2) I recently wrote about the compelling evidence that the biggest reason for the decline in the prime working age labor participation rate was the increase in the number of second-earner spouses who decided to stay […]

The External Debt of the Emerging Market Economies

by Joseph Joyce The External Debt of the Emerging Market Economies The outflow of money from emerging markets this year will most likely surpass inflows for the first time since 2008, and net capital outflows may total $541 billion according to the Institute of International Finance. The flows have been accompanied by currency depreciations, stock […]