Builders are only adding about 450,000 single family units per year. Total starts including multifamily over the past 12 months were 653,000. Meanwhile, the US appears to be on pace to add between 1 million and 1.5 million full time jobs this year. (Subscriber login below) The math is clear and shrinking inventories prove it.…
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More Young Americans Out of High School Are Also Out of Work – NYTimes.com
by Newswires • • 0 Comments
For this generation of young people, the future looks bleak. Only one in six is working full time. Three out of five live with their parents or other relatives. A large majority — 73 percent — think they need more education to find a successful career, but only half of those say they will definitely…
Bears Chat, Best of the Forums, Must Read
The Commencement Address That Won’t Be Given
by Bears Chat at The Wall Street Examiner • • 0 Comments
Robert Reich.
Chancellor’s Professor of Public Policy, University of California at Berkeley; Author, ‘Beyond Outrage’
The Commencement Address That Won’t Be Given
Members of the Class of 2012,
As a former secretary of labor and current professor, I…
Charles Hugh Smith, Contributors- Economic and Financial, Must Read
That Which is Unsustainable Will Go Away: Medicare
by Charles Hugh Smith • • 0 Comments
Medicare is an example of an unsustainable system that will go away in the decade ahead.
Here are the sobering facts about the number of workers and those drawing Social Security, Medicare and Medicaid entitlements in the U.S. While the g…
Charles Hugh Smith
Our "Let’s Pretend" Economy: Let’s Pretend Student Loans Are About Education
by Charles Hugh Smith • • 0 Comments
Let’s pretend student loans aren’t just a stupendous and highly profitable scam being run on the youth of America. Of course pretending doesn’t make it so.
We have a “let’s pretend” economy: let’s pretend the unemployment rate actually reflec…
Bears Chat, Best of the Forums
A Recovery That Repeats Its Painful Precedents
by Bears Chat at The Wall Street Examiner • • 0 Comments
July 28, 2011
A Recovery That Repeats Its Painful Precedents
By BINYAMIN APPELBAUM
WASHINGTON
Earlier this year, as the economy began to sputter, Ben S. Bernanke, the chairman of the Federal Reserve, was asked about the historical evidence that recov…
