Yes, dear reader, now our leaders are called upon to solve problems that they are not equipped to solve. They are not prepared for the challenge. They cannot do it. Even the best minds in the world are stumped.
June 9th, 2010 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "unemployment rate"
Occurences Within Economy Consistent With a Depression
“How can you keep talking about a depression,” asks a Dear Reader, “when the economy is clearly recovering just as it should be.”
February 24th, 2010 | Bill Bonner | 10 comments | Continued
US Has Highest Unemployment Rate of All Major Economies
You give them more money, say, in unemployment assistance. Or, you give them a tax credit when they buy a new house. Or, you give companies a big tax break.
November 17th, 2009 | Bill Bonner | 3 comments | Continued
Obama Urged to Fix Airline Industry
On the surface of it, the idea is absurd. What does Obama know about airplanes? Who would want to fly in an airplane with Obama in the pilot seat?
November 16th, 2009 | Bill Bonner | 0 comments | Continued
Harding the Last American President to Deal Honestly With a Major Financial Crisis
Just look up Warren Harding on Wikipedia. The first entry you will find is not the 29th president of the United States of America, but a rock climber with the same name.
October 26th, 2009 | Bill Bonner | 12 comments | Continued
Big Difference Between Stark News in Job Market and Behaviour of Stock Market
There have been jobless recoveries from recession before. But you still have to wonder how there can be such a big difference between the stark news in the job market and the behaviour of the stock market. True, economists will tell you that jobs are the last thing to recover from a recession. Businesses don’t hire until they are sure everything is in the clear.
October 5th, 2009 | Dan Denning | 4 comments | Continued
A Deflation in Unit Labor Costs
Since employment is a lagging indicator of economic activity, we learned over the years to dig deeper than the headline figure to get a read on where labor market conditions may be going.
September 10th, 2009 | Rob Parenteau | 0 comments | Continued
On the Evidence, Stimulus Programs Aren’t Working
For proof, we go to Stimulation Nation itself. From America last week came news that new house sales had finally turned up. They were up 11% in June, according to the papers. That was the monthly figure. According to the annual numbers, they were down 21% from the year before…
August 3rd, 2009 | Bill Bonner | 0 comments | Continued
Federal Reserve Predicted that U.S. Unemployment Rate Would Surpass 10%
That’s no big surprise. The true U.S. unemployment rate as at least 15% already when you factor in the long-term unemployed who are not carried on the “official” books.
Then the Fed made a shocking prediction.
July 24th, 2009 | Byron King | 0 comments | Continued
The Practice of Naked Short-selling
Thank goodness! As a greedy optimist, one can certainly understand the attraction of naked short-selling because (for one thing), “Naked short-selling can save a trader the costs of borrowing shares.”
May 12th, 2009 | Mogambo Guru | 3 comments | Continued
Geithner and His Toxic Asset Bailout Plan
Here we go again. Maybe this will be the week that historians look back on and say, “That’s when it all started to get better. Geithner came out with his toxic asset bailout plan. China stimulated. Stock markets bottomed. The crisis ended and the world got better and better forever and ever.”
March 23rd, 2009 | Dan Denning | 5 comments | Continued
Unemployment Rate at a Five Year High
The Labor Department reported today that the United States lost more jobs than forecast for August and that the unemployment rate rose to a five year high…
September 8th, 2008 | The Daily Reckoning | 0 comments | Continued
