Remember the Old America’s Scariest Chart (http://trueeconomics.blogspot.ie/2014/06/662014-king-of-scariest-charts-is-dead.html) and my own New America’s Scariest Chart (http://trueeconomics.blogspot.ie/2014/11/16112014-americas-scariest-chart.html). W…
Despite all the warm and fuzzy feelings for Jean Claude Juncker’s allegedly ‘humanitarian’ view of the Greek crisis, it is now apparent that Athens indeed does not have any friends left in the top echelons of European leadership. Per Reuters reports, J…
True, house prices have been rising across the USA since the housing bubble burst. But the “recovery” has not been equal across income levels. The wealthiest Americans are doing quite well, but America’s middle class has not recovered. Something happened in late 2008 that has skewed the recovery towards the wealthiest Americans. In part, it […]
While some believe interest rate volatility is being exacerbated by low liquidity in bond markets, the truth is that yield levels have been artificially suppressed by central banks for years and are ripe for sharp increases of the type we saw this week.
The United States is not building enough homes to meet the nation’s housing demand. It’s difficult for many to accept this fact given some of the over-building that took place during the housing bubble. However that wave peaked around ten years ago and…
Here’s a classic good news/bad news story to start off the weekend. The good news: Someone associated with the U.S. …
My apologies. I had commitments today and was unable to find the time to write.
It’s another paint-by-the-numbers Friday. The headline number was predictably rosy, but please don’t look underneath the hood. The jobs engine is still coughing and sputtering. For instance, among the grand total of 280,000 new jobs reported for May, the entire goods producing sector—-construction, manufacturing, mining and energy—- accounted for just 6,000 or 2% of the gain. And…
A large, growing share of the employment gains registered recently have come in what I’ve called the government-subsidized portion of what’s usually called the private sector
When these bonds deals go bad, as they so often do, it’s these folks who feel the pain.