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Tag Archives: Unemployment
It Gets Ugly in Brazil
It Gets Ugly in Brazil The price of corruption. In a stunning deterioration, the unemployment rate in Brazil spiked to 12.6% in the rolling three-month period through January, a record in the new data series going back to 2012, according to Brazil’s statistical agency IBGE. Up from 11.8% in the three-month period through October. Up from an […]
John Mauldin: The Fed Is Leading Us to Economic Hell
John Mauldin: The Fed Is Leading Us to Economic Hell The Fed argues that low rates have worked. The economy emerged from recession. Unemployment drifted back down. “Yay for us,” said the Fed. Don’t buy that statistical economic garbage. The economy recovered in spite of Fed policy, not because of it. The economy recovered because business owners, entrepreneurs, […]
If Everything’s Doing So Great, How Come I’m Not?÷
If Everything’s Doing So Great, How Come I’m Not? Are you better off than you were 10 years ago? We’re ceaselessly told/sold that the U.S. economy is doing phenomenally well in our current slow-growth world — generating record corporate profits, record highs in the S&P 500 stock index, and historically low unemployment (4.9% in July […]
The Wave of Deflation & Rising Unemployment
The Wave of Deflation & Rising Unemployment QUESTION: Marty, years ago you did a chart showing the projection for unemployment. I believe I understand what you were projection for the company I work for has been replacing people with technology on a large scale. So we can have rising corporate profits with rising unemployment as technology […]
Automating Ourselves To Unemployment
Tatiana Shepeleva/Shutterstock Automating Ourselves To Unemployment How shortsighted policies are creating a long-term crisis Students of Austrian business cycle theory are familiar with the term malinvestment. A malinvestment is any poor use of resources or capital, commonly made in response to bad policy (usually artificially low interest rates and/or unsustainable increases in the monetary supply). The […]
The Boomer Retirement Meme Is A Big Lie
THE BOOMER RETIREMENT MEME IS A BIG LIE As the labor participation rate and employment to population ratio linger near three decade lows, the mouthpieces for the establishment continue to perpetuate the Big Lie this is solely due to the retirement of Boomers. It’s their storyline and they’ll stick to it, no matter what the […]
Keynes in 1939: The Coming War Will Solve our Unemployment Problem
Keynes in 1939: The Coming War Will Solve our Unemployment Problem On the eve of World War II, Keynes delivered the following chilling address on the BBC, talking about the “great experiment” of curing unemployment through war expenditure: J. M. Keynes, When the Day of Peace Comes Two years later to the day, in a lecture delivered shortly […]
Olympics In Doubt As Brazil Sports Minister Quits, Rio Governor Says “This Is The Worst Situation I’ve Ever Seen”
Olympics In Doubt As Brazil Sports Minister Quits, Rio Governor Says “This Is The Worst Situation I’ve Ever Seen” In less than five months, Brazil is expected to host the Summer Olympics. If you follow LatAm politics, you know that that is an absolute joke. Last summer, the country descended into political turmoil and the […]
Dozens Arrested, Tear Gas Deployed As French Labor Reform Protests Turn Violent
Dozens Arrested, Tear Gas Deployed As French Labor Reform Protests Turn Violent In a stark reminder of the entrenched problems facing the French economy, today police used tear gas to disperse thousands of angry activists across the nation, who are protesting new labor reforms. French rail and air traffic suffered serious disruption on Thursday after […]
Brazil Posts Largest Budget Deficit Ever As Rousseff Cries “Coup,” Olympic Ad Sales Top $1 Billion
Brazil Posts Largest Budget Deficit Ever As Rousseff Cries “Coup,” Olympic Ad Sales Top $1 Billion On Tuesday, embattled Brazilian President Dilma Rousseff was dealt a bitter blow when PMDB – the party of VP Michel Temer and House Speaker Eduardo Cunha – officially left the coalition government. “Dialogue, I regret to say, has been exhausted,” Tourism […]
China Warns Officials: Allow Social Unrest, Lose Your Job
China Warns Officials: Allow Social Unrest, Lose Your Job To be sure, there are always going to be financial and geopolitical landmines and every once in awhile we – and by “we” we’re referring to the market, or the country, or humanity, or whatever collective you want to choose – are going to step on […]
Economics Is Like A Religion – Just Faith In Theory
Economics Is Like A Religion – Just Faith In Theory Everyone is missing the serious problem that ultra-low interest rates have created for retirees. Pension funds are still assuming that future returns will be in the 7½–8% range. And as people get older and have no practical way to go back to work, pension funds […]
Caught On Tape: “Enormous Crowds” Of Unemployed Chinese Miners Take To The Streets, Clash With Riot Police
Caught On Tape: “Enormous Crowds” Of Unemployed Chinese Miners Take To The Streets, Clash With Riot Police In early November, we said that far from the traditional risk factors affecting China’s economy, including the slowing economy, the stock market (and now housing 2.0) bubble, the soaring NPLs, and record debt, the most under-reported risk facing China is […]
Deutsche Bank: Negative Rates Confirm The Failure Of Globalization
Deutsche Bank: Negative Rates Confirm The Failure Of Globalization Negative interest rates may or may not be a thing of the past (many thought that the ECB had learned its lesson, and then Vitor Constancio wrote a blog post showing that the ECB hasn’t learned a damn thing), but the confusion about their significance remains. […]
