Econophile's blog

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Is Unemployment Really Declining?





The employment numbers are improving, but are there sufficient forces to drive a robust improvement? If not, what do these numbers really mean? Well, relatively little, unfortunately.

 
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Thank You For Being Successful! Please Hand It Over When You Leave The Planet





Where do the likes of Warren Buffet get off when he's all in favor of the death tax and allowing the government to redistribute your wealth yet he leaves his pile to Bill Gates's foundation, neatly avoiding the death tax.

 
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Why Real Estate Will Hold The Economy Back





Until the mass of overbuilt homes and commercial properties are liquidated, credit will remain tight and unemployment will remain high. What you thought you knew about the credit situation is wrong.

 
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GDP: Nothing Is Ever As It Seems





The GDP numbers are coming in much weaker than expected and Q4 2010 is but another example. The case for stagflation is strong, even without oil prices going through the roof. Mainstream economists have no idea what's coming.

 
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Are You Confident In The Future Of The Economy?





The Conference Board says people are more optimistic. Gallup says they aren't. Who are we to believe?

 
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Woe Is Housing





Housing continues to plummet and there aren't a lot of factors that would pull it out of its decline. But, opportunities abound, if ...

 
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Caterpillar And The Dollar





Caterpillar is only as good as the dollar.

 
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Massive Protests Threaten To Topple New Regime





Thousands of protesters gathered outside government headquarters this week, ultimately seizing the legislature building on Friday and Saturday. Estimates ran as high as 68,000 people crammed into the main square. Sunday marked the sixth day of protests organized by labor unions and university students. Protesters shouted angrily and signs denouncing the regime were evident everywhere. On Saturday, a smaller pro-government group invaded the square, but thanks to the action of the state police, the two groups were kept apart and no violence resulted. The protesters had high praise for the police.

 
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Inflation: It's Here





Q: If money supply is increasing, why aren't we seeing price inflation? A: We are.

 
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Bernanke Speech Translation





This is a translation of Ben Bernanke's speech today to the National Press Club. The short translation: We don't know what we are doing!

 
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"Something" Happened: What The GDP Report Means





Readers will recall that three months ago I had reported that "something was happening" in the economy. After several years of ultra-bearish reporting, I said that at the very least the economy was not declining further. The GDP report tends to support this, but in final analysis it is much ado about not much. Here's why.

 
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Nothing Has Changed





It is apparent to me that the factors that underlie the causes of our boom-bust cycle still exist. Nothing has changed on the policy front that would do anything to revive the economy. If we could spend our way to prosperity, then countries like Zimbabwe would be rich.

 
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Is Inflation Finally Here?





Inflation is occurring but it is not what you think it is.

 
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Sticky Wages and Long-Term Unemployment





Are we heading for long-term structural unemployment?

 
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Turning Insanity Into Politics





Not every insane act by a "lone wolf" is a political event. A tragedy to be sure, but in this case even if Jared Lee Loughner thought he was making a political statement, it was not a political event. It is an insane event. Yet the MSM insists on making it a political event.

 
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