Real Unemployment Rate

Is Trump Setting Himself Up To Take All The Blame When The Stock Market Tanks?

"You can blame whoever you want for the coming calamity; Obama, The Fed, Wall Street, a massive public debt, excessive entitlement spending, or any of the number of other “bubbles” currently plaguing our country’s capital markets... But, when it all explodes, Trump and all the 'MAGA' voters who got him elected are going to be the ones eating all the blame that gets served up."

What If We're In A Depression But Don't Know It?

Is the economy in a Depression? Not if you're a corporate bigwig skimming vast gains from corporate buybacks funded by the Fed's free money for financiers. But if you're a wage earner who's seen your pay, hours and benefits cut while your healthcare costs have skyrocketed - well, if it isn't a Depression, it's a very close relative of a Depression.

What's The Real Unemployment Rate? That's The Wrong Question

The truth is the unemployment rate is a political number, not an economic one. If we want an accurate snapshot of employment, earned income and the state of small business, we have hard data that is already collected quarterly. Common sense suggests we will get more value from hard data than from politicized guesswork.

The Greater Depression - Part 1

The corporate mainstream media faux journalists scorn and ridicule anyone who makes the case we are currently in the midst of another Great Depression. They are paid to peddle a recovery narrative to keep the masses ignorant, sedated, and distracted by latest adventures of Caitlyn Jenner and the Kardashians. An impartial assessment of the facts reveals today’s Depression to be every bit as dreadful for the average American as it was in the 1930s

Could Trump Pull Off A Post-Party Coalition?

For the establishment, his billions mean nothing; Trump’s treated like a bum. Underneath all this sound and fury, something else is (quietly) going on. Powerful business interests discreetly supporting Trump – and away from the media circus — are convinced he’s got the road map to victory. The question is whether he may be able to tame his erratic behavior to seal the deal.

Fake Jobs Plague The U.S. Economy

The long-term decline in median income, amplified in 2016 by the biggest drop in weekly earnings in history, puts the lie to the pretense of self-sustaining recovery. Average people don’t have enough discretionary income to sustain expanded economic activity.

How Will You Cope With A Lower Standard Of Living?

The forces are mounting that will eventually overwhelm most Americans and send their standard of living to unknown depths. Americans that have only known the post WWII prosperity are ill equipped and educated to deal with depression level living. Easy credit and instant gratification have created a nation of whining, self absorbed, entitlement minded people with no moral or mental toughness.

Real Unemployment Rate More Than Double The Official Number, CLSA Finds

According to CLSA economists, who have updated an analysis we first did in the summer of 2010, if the participation rate stayed at the levels before the financial crisis, the unemployment rate would be 9.6%, more than double what it is today.  So the next time you hear that the economy is doing well because of "falling unemployment", refer them the "fringe" CLSA economists, and whatever you do, don't tell the Washington Post.