Archive for the ‘Economics’ Category

Record 1.2 Million People Fall Out Of Labor Force

February 3 | Posted by mrossol | Economics, Obama, Socialism

Hmmm. A month ago, we (zerohedge.com)  joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by... Read more

Europe Now Doubts That Greece Can Embrace Reform

January 16 | Posted by mrossol | Debt, Economics, Socialism

The US is on this same highway, aren’t we?  No one is willing to say, and no one wants to hear the truth. =============== ATHENS — As Greece and its lenders prepare for another week of tense negotiations, European officials now say that the task is less to help the country through its troubles than to avoid the sort of uncontrolled default... Read more

The Death of Europe? – Mauldin

January 15 | Posted by mrossol | American Thought, Debt, Economics, Socialism, The Left

John Mauldin- to whom I was introduced by my son Mark -writes one of the best financial analysis weekly articles I know of .  The unnerving thing about this article is that the USA is on the same “highway” as Europe. And your president keeps wanting to step on the gas.  (I’ll see if I can get the graphs added). ======= One... Read more

How Stimulus Spending Ruined Buffalo

January 15 | Posted by mrossol | Economics, Liberal Press, Party Politics, Socialism, The Left

What? WHAT am I missing? ============ By STEVEN MALANGA Why do cities like Buffalo decline, and what role should government play in promoting recovery? In his State of the State Address this month, New York Gov. Andrew Cuomo announced $1 billion in incentives to attract new investment to the beleaguered city by Lake Erie. “We believe in Buffalo,” he said, “and we’ll put our... Read more

Hungary won’t be the last . . .

January 11 | Posted by mrossol | Debt, Economics

A word to the wise.. ======== By Matthew Lynn LONDON (MarketWatch) — Much like Greece, Hungary was one of those small, slightly peripheral countries that most people in the financial markets probably thought they could get through a career without ever worrying about very much. With a population of slightly less than 10 million, and with a total gross domestic product of less than... Read more

Chinese Foreign Aid to USA

December 5 | Posted by mrossol | American Thought, Economics

Economist Mark J. Perry at american.com, Dec. 2: Let me break from [the] consensus about China’s currency policy and present an alternative position: In the best of all possible worlds for the United States, China would use its labor and capital to manufacture consumer products like clothing, footwear, furniture, electronics, and appliances and send $300 billion worth of these products to... Read more

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