Tag Archives: Unemployment

Union Rules Harder to Digest than Twinkies

By | July 5, 2021

Did union workers simply get their ‘Just Desserts’ for backing Hostess into a corner with too many unreasonable demands? Consider the evidence. Union workers have now completed their mission. 18,500 jobs are gone forever. The national labor bosses stood firm. Labor leaders are proud they stood up to those nasty ‘suits’ [see Entourage for definition]… Read More »

The Bernank on 60 Minutes yesterday

By | July 5, 2021

Bernanke’s statement that unemployment is the biggest impediment to economic recovery is ironic, given that Bernanke’s policies have increased unemployment. See this and this. Harry Blodget notes that Bernanke implied that inequality is destroying America. Tyler Durden hones in on Bernanke’s statements that the economic recovery may not be self-sustaining, and that the Fed may… Read More »

US debt not sustainable

By | July 5, 2021

Kai Ryssdal talks to Harvard Professor Niall Ferguson about the unsustainable debt load of the United States: Kai Ryssdal: The economic conversation that’s happening in Washington right now, and that is likely to flavor this fall’s elections, pretty much revolves around one word: Debt. How much money the country owes — which is a lot.… Read More »

The 60-Second Guide To Everything You Need To Know About Oil, Gold, Bonds, China, And Stocks In 2010

By | July 5, 2021

While some forecasters aim to continue their winning streaks, others hope to salvage their reputations in 2010. Yet from Goldman’s giant interest rate call to Marc Faber’s ultimate contrarian bet, competitive market forecasting is really just a giant game of chicken. Key prognosticators are paid to take their stand, then defend it incessantly without blinking.… Read More »

IMF – aspects of the current crisis are new and unanticipated

By | July 5, 2021

The global economy is experiencing the deepest downturn in the post-World War II period, as the financial crisis rapidly spreads around the world. A large number of advanced economies have fallen into recession, and economies in the rest of the world have slowed abruptly. Global trade and financial flows are shrinking, while output and employment… Read More »