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

You searched for: label/great stagnation

Debt and Growth

…By 1980, the ratio was 1.6, and by 1987 it was greater than 2. Now that ratio is approaching 4. Note that TCMDO is also close to 4 times greater

Taking a page from John Roberts, Jeb Bush solves the problem of workers working part-time who want to work full-time: The way to create full-time jobs for part-time workers who want, but can’t find, full-time jobs is for part-time workers who want, but can’t find, full-time jobs to start working full-time. [With awesome update!]

…by his decision to use the term “productivity,” he unwittingly walked headlong into the stark facts of wage stagnation in the face of significant worker-productivity gains in the last forty…

Why Is Brazil Ahead of the US…fuel

…natural gas, other than the odd city bus or garbage truck in random municipalities? The answer is a simple but unpleasant one. See, we in the US would label the…

Housing Update

…considered almost risk-free because if the borrowers default, Fannie or Freddie will pay off the loans (assuming Fannie and Freddie remain solvent). Non-conforming loans go into pools known as private-label