Update: Application, clarification of “New world Order”. I have put this update at the beginning of the post for I believe it is an aspect of my post on the Trans Pacific Partnership (TPP) that should not be dismissed by myself nor by a reader of the post. Now that I have had the day […]
This was one of the better employment reports of this cycle. Private payroll employment grew 246,00while government employment fell about 10,000 for a net gian of of 236,000. The household survey also showed a nice gain of 170,000. On a year over year change basis both series are showing nice gains. You would never […]
With all this stalemate posturing in Washington, today Chris Hayes has come up with the best idea I have heard yet to move the players. And, in my opinion actually solve our economic depression. One trillion dollars to be spent on direct hiring by the government along with debt forgiveness. A solution right out […]
Via Truthout Dean Baker points to continuing insistent of President Obama to keep Social Security ‘on the table’. Dean Baker has a take on some numbers surrounding the politics and stories politicans offer: While most of the DC insiders probably don’t understand the chained CPI, everyone else should recognize that this technical fix amounts to […]
I promise, there are numbers here, but lets have some fun first and write a screen play to set up the point. It is long, but… “Dear, I’m getting nervous. We seem to keep adding to how much money we owe and our income hasn’t changed for the better. What can we do?” […]
This was another tepid employment report not much different than the reports in 2012. Payroll employment rose 168,000 and the household survey showed a gain of only 17,000 Private payrolls expanded 168,000 while government employment fell 9,000. Perhaps more importantly the year over year change in employment is showing significant signs of weakness, Both […]
I don’t know about you, but when I recently updated this chart I was pleasantly surprised by how much the deficit had improved. In the third quarter of 2012 –the last quarter of the previous fiscal year — the deficit had already fallen to 7.0% of GDP as compared to the peak of 10.5% in […]
At first glance the December employment report shows that the trends throughout 2012 were unchanged in December. But within the report there were some greater signs of strength. Private payroll employment showed a gain of 155,000 and the household survey reported a much smaller gain of only 28,000. These changes are about the same as […]
In the past discussions at Angry Bear on the impacts automation might have on our lives, and the economics involved, gathered comments such as “You are a neo luddite”. As if widespread use of automated systems was automatically good for us overall because we would have access to ‘more higher wage and higher skilled […]
I’m sure you are all feeling kind of blah. You have this final exam for this session and I can tell by your performances on the quizzes that you are still confused. The problem solving portions of the quizzes have been very telling. So lets review. You’re taxes are not too high. It’s your […]