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Tag Archives: Unemployment
World Bank Solution for Lack of Jobs: Cut Worker Protections
World Bank Solution for Lack of Jobs: Cut Worker Protections The World Bank is in the process of completing its “World Development Report 2019: The Changing Nature of Work” and, surprisingly, the latest draft version opens with quotes from Karl Marx and John Maynard Keynes. Has the World Bank suddenly lost sight of its purpose […]
A Made In Canada Recession Story!
A Made In Canada Recession Story! The Canadian economy lost 7,500 jobs last month (May), and unemployment was still at 5.8%. This, despite analyst forecasts that the country would likely add roughly 22,000 jobs to the economy. Rewind to the previous monthly jobs report (April). Analysts had predicted that we would add approximately 20,000 jobs […]
America’s Debt Dependence Makes It An Easy Economic Target
America’s Debt Dependence Makes It An Easy Economic Target There is a classic denial tactic that many people use when confronted with negative facts about a subject they have a personal attachment to; I would call it “deferral denial” — or a psychological postponing of reality. For example, point out the fundamentals on the U.S. economy […]
NY Fed President Dudley Complains Unemployment is Too Low, Rate Hikes Needed
NY Fed President Dudley Complains Unemployment is Too Low, Rate Hikes Needed NY Fed President William Dudley is worried about the low unemployment rate. He thinks the Fed needs to be above neutral. New York Fed President William Dudley will retire Monday. Current San Francisco Fed chief John Williams will take over. He departs with […]
Is the U.S. in a depression? (How John Williams became America’s most important statistician)
Is the U.S. in a depression? (How John Williams became America’s most important statistician) America’s economy has been progressing steadily. First quarter real GDP growth came in 2.2%. The official unemployment rate is 3.8%. Inflation, according to the Fed’s preferred measure is 2%. But how accurate are those numbers? “Nonsensical,” says John Williams, founder of […]
Hiding the Real Number of Unemployed
Hiding the Real Number of Unemployed Photo by James Lee | CC BY 2.0 Your government believes that exhausting your unemployment benefits is a cause for celebration — because you are no longer unemployed! Huh? Well, there is a slight of hand here. Only working people who are receiving unemployment benefits are counted as “unemployed” […]
The Status Quo Will Reign
The Status Quo Will Reign This month’s stock market correction is still fresh in everyone’s mind. Many have even begun to wonder if the era of dark money was truly over. How will the recent correction affect the Fed’s dark money policies? The consensus explanation for the correction was that inflation was rising and that would […]
Minimum Wage Fallout Is Caused by Government, Not Businesses
Minimum Wage Fallout Is Caused by Government, Not Businesses Employees don’t magically become more productive because businesses have to pay them more, so they need to make up the losses elsewhere. Both in Canada and in the U.S., many jurisdictions have “listened” to the people and enacted feel-good legislation like increasing the minimum wage, sometimes […]
2018: The Year of Living Dangerously
2018: The Year of Living Dangerously I’m calling 2018 “The Year of Living Dangerously.” That description might seem odd to lot of observers. Major U.S. stock indexes keep hitting new all-time highs. 2017 went down as the first calendar year in which the Dow Jones industrial average was up for all 12 months. Even in […]
Why Wages Have Lost Ground in the 21st Century
Why Wages Have Lost Ground in the 21st Century The problem with stagnant wages is our socio-economic system requires ever-higher incomes to function. One of the enduring mysteries for conventional economists is why wages aren’t rising for the bottom 95% even as unemployment is low and hiring remains robust. According to classical economics, the limited supply […]
Fed Study Shows Phillips Curve Is Useless: Admitting the Obvious
Fed Study Shows Phillips Curve Is Useless: Admitting the Obvious The Phillips Curve, an economic model developed by A. W. Phillips purports that inflation and unemployment have a stable and inverse relationship. This has been a fundamental guiding economic theory used by the Fed for decades to set interest rates. A new Fed Study shows the […]
Why the Fed Will Fail Once Again
Why the Fed Will Fail Once Again [Ed. Note: Jim Rickards’ latest New York Times bestseller, The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis, is out now. Learn how to get your free copy – HERE. This vital book transcends rhetoric from the Federal Reserve to prepare you for what […]
This Region Of The World Is Being Hit By The Worst Economic Collapse It Has Ever Experienced
This Region Of The World Is Being Hit By The Worst Economic Collapse It Has Ever Experienced The ninth largest economy in the entire world is currently experiencing “its longest and deepest recession in recorded history”, and in a country right next door people are being encouraged to label their trash so that the thousands […]
