16 hours ago by Kindred Winecoff

The above picture, from David Beckworth, is shocking. It shows that nominal spending (total demand in an economy) among OECD countries had a jarring drop last year, and that this is the proximate cause of the economic slowdown. (For a short post on why nominal spending matters, see this post). Beckw ...

IPE at UNC - ipeatunc.blogspot.com · Rank: 62,543 · 17 references

19 hours ago by Orlando Roncesvalles

Sometimes I just have to wonder about macroeconomics and macroeconomists, the latter being aplenty in Washington, DC where the IMF has its main office. In effect, Anoop Singh is saying that the global recovery is not yet there. But it’s an Either Way I Win Story. If it’s not there, it’s the fault of ...

FOO Law and Economics - foolawecon.wordpress.com · Rank: 150,393 · 2 references

23 hours ago by Bill C

I had hoped we wouldn't get here... Not a nice headline number from the BLS today - the unemployment rate hit 10.2% in October. Payroll employment also fell by 190,000. The apparent discrepancy between the relatively modest decline in payrolls and the big jump in the unemployment rate is explained b ...

Twenty-Cent Paradigms - twentycentparadigms.blogspot.com · Rank: 119,417 · 11 references

23 hours ago by Donald Marron

Earlier this week, the Treasury released its quarterly update about its borrowing requirements and its strategy for meeting them. I haven’t had time to review all the documents, but I did skim through the minutes of the meeting of the Treasury Borrowing Advisory Committee (TBAC), which was held on N ...

Donald Marron - dmarron.com · Rank: 22,810 · 78 references

1 day ago by Jim Nelson

But you’re not out of luck just yet… Many countries around the world will be able to steer around this extended recession. Some are even in prime position to explode. And it’s not as difficult to invest abroad as it may seem. Today, it’s as effortless as buying an American Depositary Receipt — same ...

Penny Sleuth - pennysleuth.com · Rank: 6,261 · 26 references

1 day ago by Mark Rzepczynski

History doesn't always tell us that job growth follows well behind an economic recovery. Under Reagan once the economy pulled out of a recession, jobs were created immediately and the unemployment rate began declining. The WSJ that, "In the eight recessions between World War II and 1982, payrolls bo ...

Lakewood-Views - lakewood-views.blogspot.com · 1 reference

1 day ago by David Chan

Statistics Canada reports unemployment rate, overall in Canada, raised to 8.6% in October. Source: Statistics Canada

David's Blog - pinchmehard.wordpress.com · 1 reference

1 day ago by Bill

Over the last two years trillions have been spent to aid and assist Wall Street’s wealthiest bankers, Detroit’s blue collar auto workers, owners of gas-guzzling clunkers, first-time home buyers, thousands of Americans facing foreclosures and maybe another dozen or so programs, that we, the long-suff ...

A Few Dollars More - afewdollarsmore.com · 10 references

1 day ago by David Merkel

So, who did I recommend for the next meeting at the Treasury? (I think there will be one.) Economists View http://economistsview.typepad.com/ Cafe Americain http://jessescrossroadscafe.blogspot.com/ Market-Ticker http://market-ticker.denninger.net/ Econbrowser http://www.econbrowser.com/ Greg Mankiw ...

The Aleph Blog - alephblog.com · Rank: 10,324 · 191 references

1 day ago by Alister

The Phillips curve, in its first iteration, described the relationship between inflation and unemployment. This relationship held true until the 1970s, where it broke down. It was reborn as a relationship between changes in inflation compared to unemployment. The original Phillips curve Inflation an ...

Alister Air - alisterair.com