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Vital Signs: Private Hiring Slows – Real Time Economics – WSJ
Hiring slowed last month. According to Automatic Data Processing, the private sector added 91,000 jobs in August, fewer than the 109,000 added in July. The payroll firm’s figures don’t reflect the...
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What the Country Needs Is a New New Deal – Truthdig
The problem is that the president believes we can cure our jobless problem by providing the proper incentives to the business community. And here he is committing one of the few big policy blunders...
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A New New Deal – Truthdig
Decades of experience, in nations across the globe, provide ample evidence that while the private sector plays an important role, it cannot by itself provide employment for all who want to work. There...
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It’s Man vs. Machine and Man Is Losing – WSJ
Since the recession ended, businesses had increased their real spending on equipment and software by a strong 26%, while they have added almost nothing to their payrolls. via It’s Man vs. Machine and...
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Would all those who are unemployed please raise their hand
US unemployment fell to 8.6 percent in November, the lowest level in more than 2 years. But let’s take a look at the real figures — without the spin. The unemployment rate only includes those who have...
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Romer: Expectations Wallop Needed to Avert 40-Year Recovery
The Federal Reserve should set a “nominal target” for growth in the nation’s gross domestic product that is well above its current low rate for coming out of a recession, said Christina Romer, now an...
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Scott Minerd: The Keynesian Depression | John Mauldin
Scott Minerd, Chief Investment Officer at Guggenheim Funds, writes: Though some may be cheered by the relative policy successes this time around, at the current trajectory it will still take almost as...
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Nations Must Prepare For Robots Destroying The Low-Skill Job Market |...
This opinion piece from the Economist proposes redistribution on a grand scale to remedy massive unemployment from mechanization of assembly lines. If society wishes to avoid such an outcome, the only...
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Matt Busigin On Peak Capitalism | Business Insider
Joe Weisenthal presents the following two charts to illustrate how government is coping with falling manufacturing wages: You’ve probably seen this chart many times, which shows wages declining as a...
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The monetary policy revolution
James Alexander, head of Equity Research at UK-based M&G Equities, sums up the evolution of central bank thinking. He describes the traditional problem of inadequate response by central banks to...
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Sorry, World, U.S. Consumers Can’t Save You | WSJ
Kathleen Madigan at WSJ observes: In order to increase spending, consumers have been saving less to offset the money lost when tax rates rose this year. That strategy is unsustainable. Unless job and...
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The hole in US employment
US employment is topical after two months of poor jobs figures. Employers added 113,000 new jobs, against an expected 185,000, last month and a low 75,000 in December. Rather than focus on monthly...
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Why Fixed Investment is Critical to the US Recovery
The financial sector normally acts as a conduit, channeling savings from private investors to the corporate sector. When the conduit works effectively, the injection of demand from corporate Investment...
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Gold testing $1100/ounce
Solid job numbers have boosted the prospects for an interest rate hike before the end of the year. Employment is growing steadily, having exceeded its 2008 high by more than 4.2 million new jobs....
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The hole in US employment
US employment is topical after two months of poor jobs figures. Employers added 113,000 new jobs, against an expected 185,000, last month and a low 75,000 in December. Rather than focus on monthly...
View ArticleClik here to view.
Why Fixed Investment is Critical to the US Recovery
The financial sector normally acts as a conduit, channeling savings from private investors to the corporate sector. When the conduit works effectively, the injection of demand from corporate Investment...
View ArticleClik here to view.
Australia’s economic growth is slowing.
Employment and Participation rates are falling. Wage rate growth is slowing. Slowing wage rate growth and inflation confirm that the economy is faltering. The RBA, with one eye on the housing bubble,...
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Australia: Job gains
ABS June figures reflect solid gains for the labor market. Justin Smirk at Westpac writes: “….The annual pace of employment growth has lifted from 0.9%yr in February to 2.0%yr in May and it held that...
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