Author Archives: bill

US labour market beset by massive job shortages

There was an interesting piece of analysis presented on the US Economic Policy Institute (EPI) site a few weeks ago – Labor Market Weakness Is Still not due to Workers Lacking the Right Skills – which showed the “the number … Read the rest of this entry »

Posted in Labour Force, US economy | 1 Comment

The UK recovery is a false dawn

A few weeks ago (October 1, 2014), I wrote in this blog – British economic growth shows that on-going deficits work – that the British Chancellor was overseeing an expanding fiscal deficit and public debt ratio, which despite the rhetoric … Read the rest of this entry »

Posted in Friends like this, UK Economy | 18 Comments

Saturday Quiz – October 18, 2014 – answers and discussion

Here are the answers with discussion for yesterday’s quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it before … Read the rest of this entry »

Posted in Saturday quiz | 2 Comments

Saturday Quiz – October 18, 2014

Welcome to the Billy Blog Saturday Quiz. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only known to you and no records are … Read the rest of this entry »

Posted in Saturday quiz | 3 Comments

Friday lay day – being ashamed of one’s nation

It is my Friday lay day blog – a recent institution designed to give me more time for other things. This week, an Australian author, Richard Flanagan, won the 2014 Man Booker literary award for the best book of the … Read the rest of this entry »

Posted in Friday | 13 Comments

The German ship is sinking under the weight of its own delusions

Eurostat’s recent publication (October 14, 2014) – Industrial production down by 1.8% in euro area – rightfully sends further alarm bells throughout policy makers in Europe, except I suppose Germany where denial seems to be rising as its industrial production … Read the rest of this entry »

Posted in Eurozone | 13 Comments

Bolivia – defiant and prosperous as a result

There was a UK Guardian article yesterday (October 15, 2014) – Evo Morales has proved that socialism doesn’t damage economies – that recounted the recent economic history of Bolivia. There has been growing awareness in the Western press of what … Read the rest of this entry »

Posted in Economics, IMF | 7 Comments

MMT – lacks a political economy?

There was a ‘Guest Editorial’ published on the UK site Renewal last week – Modern money and the escape from austerity – by one Joe Guinan, who lists himself as a Senior Fellow at The Democracy Collaborative and Executive Director … Read the rest of this entry »

Posted in Debriefing 101, Economics, Friends like this | 22 Comments

Rising long-term unemployment a sign of policy failure

While the Australian government ramps up its war on terror rhetoric and sending our armed forces to Iraq again, thus providing a major political diversion from their virtually complete policy failure on the socio-economic front, the data keeps coming which … Read the rest of this entry »

Posted in Job Guarantee, Labour Force | 3 Comments

Saturday Quiz – October 11, 2014 – answers and discussion

Here are the answers with discussion for yesterday’s quiz. The information provided should help you work out why you missed a question or three! If you haven’t already done the Quiz from yesterday then have a go at it before … Read the rest of this entry »

Posted in Saturday quiz | 2 Comments