Category Archives: US economy

This category considers blogs that specifically analyse the US economy.

Demand and supply interdependence – stimulus wins, austerity fails

My Phd research, was in part, exposing the myths in conventional or mainstream economics arguments that claim that structural imbalances in the labour market arise independently of the economic cycle and hence, aggregate spending. The mainstream used this assertion to … Read the rest of this entry »

Posted in Economics, Eurozone, US economy | 19 Comments

US economy slows down sharply, government undermining growth

On Tuesday, the British National Accounts data was published and the preliminary estimates revealed that the British economy was slowing and there would return to recession if the Government was re-elected and put in place its plans for the next … Read the rest of this entry »

Posted in US economy | 4 Comments

US labour market – weaker than headline data indicates

The latest US – Employment Situation Summary – for March 2015, was released by the US Bureau of Labor Statistics (BLS) last Friday (April 3, 2015). The growth in employment was disappointing to say the least. The Bloomberg survey of … Read the rest of this entry »

Posted in US economy | 4 Comments

Wage rises are required – real wages must grow in line with productivity

There was an interesting article in the UK Guardian last weekend (March 29, 2015) – Why falling inflation is a false pretext for keeping wages low – which examined wage trends in the UK and the validity of the argument … Read the rest of this entry »

Posted in Economics, Eurozone, Labour costs, UK Economy, US economy | 11 Comments

US and Eurozone inflationary expectations diverge

Back in October 2009, the US unemployment rate had climbed to 10 per cent (its seasonally adjusted peak in the recent recession), the fiscal deficit was around $US1.4 trillion (9.8 per cent of GDP), which was the largest since the … Read the rest of this entry »

Posted in Eurozone, US economy | 9 Comments

US labour market improving slowly – Eurozone falls further behind

Last week (February 6, 2015), the US Bureau of Labor Statistics (BLS) released its latest – Employment Situation Summary – which suggested that “Total nonfarm payroll employment rose by 257,000 in January, and the unemployment rate was little changed at … Read the rest of this entry »

Posted in Eurozone, Labour Force, UK Economy, US economy | 10 Comments

US labour market – improving but warning signs still present

Last week (January 9, 2015), the US Bureau of Labor Statistics released the – Employment Situation – for December 2014. The data showed that “Nonfarm payroll employment rose by 252,000 in December, and the unemployment rate declined by 0.2 percentage … Read the rest of this entry »

Posted in Labour Force, US economy | 3 Comments

Sachs v Krugman – No contest, Krugman wins

There was an interesting article written by one Jeffrey Sachs, whose only notoriety, despite his own self-promotion, is that he was the principle promoter of the ridiculous doctrine of – Shock Therapy – which systematically ruined the nations it was … Read the rest of this entry »

Posted in Economics, US economy | 20 Comments

The sham of central bank independence

Let it be noted that the Japanese government 10-year bond yield hit 0.33 per cent overnight. That tells you that all the scaremongering that has been going on over the last twenty years about hyperinflation, the Japanese government running out … Read the rest of this entry »

Posted in Central banking, Eurozone, UK Economy, US economy | 11 Comments

Central banks can sometimes generate higher inflation

I haven’t much time today with travel commitments coming up at later. But I filed this story away earlier in the week in my ‘nonsense’ list but with a note that it contained a lesson, which would help people understand … Read the rest of this entry »

Posted in Economics, Eurozone, UK Economy, US economy | 18 Comments