theeconomiccollapseblog.com / By Michael Snyder on November 21st, 2014
Are you in better shape financially than you were last Thanksgiving? If so, you should consider yourself to be very fortunate because most Americans are not. As you chow down on turkey, stuffing and cranberry sauce this Thursday, please remember that there are millions of Americans […]
mybudget360.com / by mybudget360 / November 20, 2014
The Great Recession might be officially over on paper, but the social impact continues to be felt today. The structural changes are deep and profound and have caused a major rise in multi-generational households. Many young Americans burdened by low wage jobs and college debt may have […]
mybudget360.com / by mybudget360 / November 17, 2014
There was a time when college tuition was reasonably priced in the United States. In fact, college was downright cheap. These were the days when people worked a few hours a week at minimum wage jobs and were able to pay off their tuition on a semester […]
tomwoods.com / by Tom Woods / 17th November 2014
Do consumers “create jobs” by buying things? Do business firms create jobs? Hillary Clinton is confused, and George Reisman clears things up for her in this episode of the Tom Woods Show.
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / November 14, 2014
Businesses Moving Too Quickly?
Are businesses are moving too quickly to robots? Is any job safe?
Patrick Thibodeau at Computer World discusses the idea things are moving “too fast” with a review of Nicholas Carr’s new book, The Glass Cage, Automation and Us.
Please consider Automation […]
zerohedge.com / by Tyler Durden / 11/13/2014 09:10 -0500
It appears the concept of no consequences is now deeply embedded in the American society. As Student loan debtloads surge ever higher – and opportunities grow ever lower – NBC News reports a rather stunning 24% of Millennials said they expect their loans will ultimately be […]
zerohedge.com / by Tyler Durden / 11/13/2014 08:40 -0500
A 12k rise in initial jobless claims (on a seasonally-adjusted basis) missed expectations by the most in 8 weeks and rose to its highest in 7 weeks at 290k. Non-Seasonally-adjusted, claims rose a more interesting 43k but bigger picture shows the average of this noisy time […]
acting-man.com / Bill Bonner / November 13, 2014
We’ve been meaning to write about what hasn’t happened yet. Not that we claim any knowledge of tomorrow or the day after. But we can look at the present. And here’s a guess about where it might lead.
The middle classes – aka “the voters” […]
mises.org / by Kenneth A. Zahringer / Wednesday, November 12, 2014
My dinner companion sounded indignant. “It’s a shame we have to tip the waitress,” she said. “The restaurant owner ought to pay the staff enough to live on.”
I imagine that is a common attitude among those steeped in our current cultural climate […]
theeconomiccollapseblog.com / By Michael Snyder / November 11th, 2014
Do you want to know why Millennials seem so angry? We promised them that if they worked hard, stayed out of trouble and got good grades that they would be able to achieve the “American Dream”. We told them not to worry about accumulating very […]
acting-man.com / Pater Tenebrarum / November 11, 2014
Anne-Elisabeth Moutet on France’s Sclerosis
French “refugee” Anne-Elisabeth Moutet – one of the many French citizens who have fled the economic paralysis of France for the welcoming shores of Albion and made London the sixth-largest French city in the process – has written another very interesting article […]
wolfstreet.com / by Wolf Richter / November 10, 2014
The undisputed growth industry that has done so well since the very beginning of the Financial Crisis, and in fact since 2001, after having plateaued or even declined for years before then, is involuntary part-time employment. Now it turns out, according to a study by […]
zerohedge.com / by Tyler Durden / 11/10/2014 10:27
At 4.0, the Fed’s goal-seeked 19-factor Labor Market Conditions Index (LMCI) is unchganged in October (but everyone said Friday that jobs were great?). This is marginally below the average level of the last 4 years and provides the perfect ammunition for the Fed to be lower-for-longer.
armstrongeconomics.com / by Martin Armstrong / November 10, 2014
Brussels is going to have to send in tanks and wage war against the people of Europe to keep their bureaucratic jobs. Queues at the referendum on the independence of Catalonia from Spain have demonstrated that you can rule against the people to try to […]
goldsilverworlds.com / by Matthew Weller / November 9, 2014
Gold was trading sharply higher on Friday after the US monthly jobs report showed fewer jobs were added in the economy than expected. This encouraged traders to take some profit on their long dollar positions, causing buck-denominated assets to rally. But we remain skeptical how […]
zerohedge.com / by Tyler Durden on 11/07/2014 16:07
Stocks end the week on a weaker note roundtripping off premature exuberance into the European close after jobs data that missed expectations (or did they). Of course the kneejerk response took the S&P and Dow to record highs before the weakness set in. Thanks to a […]
marctomarket.com / by Marc Chandler / November 7, 2014
US jobs data was largely in line with expectations, and the key take away is the divergence between the US on one hand and Europe and Japan on the other.
Non-farm payrolls rose 214k and the back two months were revised up by 31k, […]
zerohedge.com / by Tyler Durden / 11/07/2014 10:24 -0500
By now everyone knows that the simple reason why the US employment picture is so pathetic despite the endless propaganda spin (as the Democrats just found out earlier this week in a truly historic mid-term drubbing), and why there is no wage growth, is due to […]
marctomarket.com / by Marc Chandler / November 7, 2014
The US dollar is narrowly mixed as the market awaits for North American jobs data to close out the week. It has been another good week for the greenback. It has appreciated against all the major and emerging market currencies. The US 10-year yield has […]
zerohedge.com / by Tyler Durden / 11/07/2014 09:08 -0500
While the headline jobs print was a modest kneejerk disappointment at least until it is appropriately spun in some sort of “goldilocks” frame, where the October jobs report was a true disappointment, was in the report of average hourly earnings: rising at just 0.1% for the […]