Econophile's blog

Econophile's picture

What The Job Reports Mean





The employment situation is still very bad. It brings up the specter of long-term structural employment in our economy. Job growth is still weak, buoyed by temp and health care workers. There are some positives in this report but job growth is still insufficient to overcome layoffs and a growing labor force.

 
Econophile's picture

Holiday Spending Was Up--So What





The Christmas holiday shopping reports through December 25 were up for the season as compared to last year. So what. Does that mean economic recovery? I think not.

 
Econophile's picture

Something Is Still Happening





In a previous article ("Something's Happening") I noted positive trends emerging. I'm still not saying we are on the road to recovery (actually we are on the road to stagflation), but things are getting warmer. "Something" is still happening. Pay attention.

 
Econophile's picture

The Daily Capitalist's Top 12 of 2010





There are too many year-end top ten lists, so I'm not going to do that. I'm going to do 12. I've chosen those things from The Daily Capitalist's perspective that I thought impacted our lives here in the USA. These 12 events created a lot of buzz, things we were all talking about.

 
Econophile's picture

Will The Tax Bill Stimulus Create Economic Growth?





No. Tax cuts are good, but right now it's like pushing on a string.

 
Econophile's picture

Will The Housing Market Continue To Decline?





The quick answer to the headline of this article is yes.

 
Econophile's picture

Death and Taxes





The estate tax is theft.

 
Econophile's picture

Why Unemployment Will Remain High For Years (Parts I and II)





There are 26.2 unemployed or underemployed workers in America today. And the labor participation rate (percentage of employed to total workforce) has gone backwards for the past 10 years. There are forces that continue to discourage job growth and will hinder economic growth for years. Apparently your government hates workers because it is doing everything is can to discourage job growth.

 
Econophile's picture

Why Unemployment Will Remain High For Years (Part I)





There are 26.2 unemployed or underemployed workers in America today. And the labor participation rate (percentage of employed to total workforce) has gone backwards for the past 10 years. There are forces that continue to discourage job growth and will hinder economic growth for years. Apparently your government hates workers because it is doing everything is can to discourage job growth.

 
Econophile's picture

The Federal Reserve: America’s Fourth Branch of Government





The Federal Reserve is America's Fourth Branch of government and Ben Bernanke is, in effect, the economic czar of the country. The Fourth Branch? The Fed and the Fed alone has the power to determine how much money should be in the economy. Such vast power over our lives makes the Fed a de facto fourth branch of government. Yet, its powers are not defined by the Constitution, and neither the chairman nor senior officials are elected by the people.

 
Econophile's picture

Fallout After The Credit Bomb





Banks, especially the ones which lend to most US businesses were devastated by the credit bomb. Their recovery is crucial for economic recovery. Are they thawing or freezing? What is the current status of credit in America?

 
Econophile's picture

Why Quantitative Easing And Fiscal Stimulus Are Unnecessary





In my article "Something Is Happening" I noted a glimmer of positive economic data. I was cautious to not call it a "recovery" yet because there isn't a clear trend. I still feel that way. The Fed and the federal government may yet blow up a recovery. But ... I can't ignore positive signs. I read the same data as other free market oriented blogs out there, I am just about the only one seeing this. "Believe what your eyes see, not what you want to believe."

 
Econophile's picture

Ben Bernanke: "My Head Hurts"





I would like to feel sorry for Ben Bernanke because of his bumbling and confusion about what to do about the economy, but I can't. Every time he turns around he does the wrong thing. Can you say "cognitive dissonance?"

 
Econophile's picture

News Flash: Obama IS a Politician!





Politics has a charming way of bringing reality to lame-duck politicians. The Republican gains in the House and Senate have apparently prompted President Obama to do the unthinkable: freeze the pay of civilian federal workers for two years. His constituency is very upset by this apparent betrayal by Obama.

 
Econophile's picture

Post-Thanksgiving Economic Review





After a nice Thanksgiving spectacle of turkey, pumpkin pie, relatives, cool days of bright California sunshine, and college football, it's time to turn back to the serious business of the economy. Here is a review of the latest data. This is stuff you should know.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!