…better comparison would be real compensation per employee). Exhibit 3: It’s all about levels; and Germany’s 2010 average income is relatively high (measured in GDP per-capita PPP dollars for comparability…

…same problems. I like to use this picture, showing deficits and debt as of the end of 2010: Source. Dear Paul Krugman, You Do Not Understand MMT – Paul Krugman…

Spain vs. Germany vs. UK: production trends showing holes in some growth stories Eurostat reports new orders for January: In January 2011 compared with December 2010, the euro area1 (EA17)…

…Gates wants the DOD budget to grow one percent per year plus inflation for the next 10 years. That would increase the base DOD budget from $554 in 2010 to…

…Minneapolis at Barry Ritholtz’s place it in November of 2008. (Indeed, by March of 2010, the S&P/Case-Shiller Index was claiming a “recovery” for Minneapolis [link is PDF]. Talk about “green…

…estimates the highest values and income of the offshore accounts for the years between 2003 and 2010. The taxpayer has to reveal the country, institution, contact at the institution, date…

…wage hikes that are lower than the current rate of annual per capita nominal GDP growth, 4% Y/Y in Q2 and Q3 2010. (see chart above). So how much time…

…Eurostat press release, The euro area1 (EA16) seasonally-adjusted unemployment rate was 10.1% in November 2010, unchanged compared with October4. It was 9.9% in November 2009. The EU271 unemployment rate was…

…those screaming about PIIGS, he presents the evidence: Note: Banks and government debt rollovers amount to €210 bln for 2011, €15 bln lower than in 2010, you would never guess…

…a Prison Bus through. Because if it is true in 2010 it was equally true in 1993 when the Trust Funds first got back to actuarial balance (per McClanahan another…