“This is what it sounds like when doves cry.” …
Polar Vortex or Recession Redux?
The recovery that wasn’t a recovery may have come to an end, as the Bureau of Economic Analysis reported that gross domestic product dropped by 1% during the first quarter…
Household Income Shows Troubling Outcome
Hold off on the victory dance. The 2014 “Economic Report of the President” and many media reports indicate that the U.S. economy has finally recovered. But has it? One measure…
Good Market Rigging vs. Bad Market Rigging
“The markets are rigged. … These firms make their money by front-running trades. They’re using their speed advantage to buy shares first and then selling them back at a higher…
Fundamentally Flawed
Imagine if the outcome of a football game depended more on the weather than on the talent of the players. Weather, indeed, can have an impact and should, but its…
We’re All Debtors Now
You’ve probably heard that corporate America is swimming in cash. Something like $4 trillion worth of it. And once corporate America starts spending it, the economy will boom again, jobs…
Goodbye, Middle Class
With all of the talk in Washington about equality, you have to wonder how the gap between rich and poor has widened to the point where even The New York…
No Records This Month
Markets go up and markets go down, so maybe it’s not surprising that January’s stock market performance has less exuberance to it than the performance to which we’ve become accustomed.…
Some Recovery
The government’s stimulus programs are not working and neither are a growing number of Americans. In October, we noted that the number of Americans not working exceeded 101 million, setting…
Another Record Smashed: More Than 100,000,000 Americans Not Working
The Labor Force Participation Rate has fallen and it can’t get up. The U.S. Bureau of Labor Statistics (BLS) reported this week that 90,609,000 Americans who are 16 or older…