Cue the Fed Taking a Dump in the Empty Punch Bowl In May, the civilian labor force participation rate decreased by 0.2 percentage point to 62.6 percent. The rate has declined by 0.4 percentage point over the past 2 months, offsetting gains in the first quarter. But the headline number is “at full employment,” if […]
An idea to ponder… When labor share is lower, the optimum level of capital utilization is lower. Is this not obvious?
Brad DeLong wrote recently concerning the Uncertainty at the Fed… “The heart of the trouble consists in the fact that neither financial-market participants nor, it seems, the Fed itself know the true state of the economy or how best to model it – especially in the wake of the 2008 financial crisis” (link) It is […]
Erik Loomis at LG&M notes that Forbes is attempting to encourage age discrimination (no we’re not; wink, wink, nod, nod). And it made me think of this post from Lance Mannion, which deserves to be read every day you can: You get up for a stretch, wander out onto the floor to get a cup […]
Subsidy Tracker, the free subsidy database created in 2010 by Good Jobs First, has reached major milestones in its coverage of state, local, and federal subsidies. This month’s enhancements to the database bring it to a once-unimaginable 500,000 individual incentive awards with a cumulative nominal subsidy value of $250 billion! That’s starting to add up […]
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New Deal Democrat writing from The Bonddad Blog On Monday I gave what I think is a reasonable roadmap to the next recession. I want to follow up on this a little. The post from nearly 10 years ago was entitled, Are Hard Times Near? The great decline in interest rates is ending.” The theory […]
Debates have broken out in Mrs. Clinton’s Brooklyn headquarters over the best approach to take. Some advisers worry that by running against Mr. Trump as she would a traditional Republican candidate, Mrs. Clinton is actually making the reality television star appear more legitimate. This month, when Mr. Trump suggested he would reduce the national debt […]
This certainly isn’t the 1968 Dem Convention in Chicago; but, there were a lot of angry people in Nevada. “What I see is that the only thing holding those assh-les back, were the security people and the fence in front of them. That one man did indeed pick up a chair and raise it in […]