Category Archives: US economy

This category considers blogs that specifically analyse the US economy.

US labour market deteriorating – the losses from GFC will be long-lived

In September 2016, I assessed that – The US labour market is nowhere near full employment. This was in the context of an increasing number of commentators claiming that the US economy had already returned to full employment. The IMF … Read the rest of this entry »

Posted in US economy | 8 Comments

Greece still should exit and escape the grip of the vandals

Greece is back in the news as the IMF, the Germans and the European Commission slug it out pretending to talk tough and propose solutions to the Greek tragedy. There is no solution of course. All the debate about whether … Read the rest of this entry »

Posted in Eurozone, IMF, US economy | 28 Comments

The Italian elites knew all along that the Eurozone would be a disaster

There is often a discussion about whether politicians and government officials introduce policy changes that end up being damaging to the well-being of the people are ignorant or wilful. It is sometimes hard to discern what the agendas are and … Read the rest of this entry »

Posted in Eurozone, US economy | 12 Comments

Back to the future – employment freezes – they only degrade services

A report in the The Washington Post (January 23, 2017) – The Trump administration just told a whopper about the size of the federal workforce – caught my attention earlier this week because it cut across some work I had … Read the rest of this entry »

Posted in Labour Force, US economy | 7 Comments

The (neo-liberal) Third Way infestation continues

“Fresh thinking delivered to your inbox – Subscribe”. That is the message on the home page of Third Way an American think tank (aka conservative propaganda machine) masquerading in the public space as a “centrist think tank”. The problem is … Read the rest of this entry »

Posted in Britain, Demise of the Left, UK Economy, US economy | 20 Comments

The Obama legacy

I heard some of President Obama’s Farewell Address on the radio yesterday and read the transcript later. Early on, the crowd started chanting “Four More Years” and at that point I concluded they were blind too the reality before them. … Read the rest of this entry »

Posted in US economy | 24 Comments

Paul Krugman’s ideas are part of the problem

It was always going to happen. Several prominent New Keynesians both in the US and the UK have been hiding behind a smokescreen they erected during the Global Financial Crisis to allow their readers to form the view that they … Read the rest of this entry »

Posted in Economics, US economy | 26 Comments

Foreign sales of US government debt are largely irrelevant

Happy New Year to all readers. I will not write much today (to reflect to on-going holiday spirit!). But, there was an article in Bloomberg media (December 30, 2016) – Beware the Foreign Exodus From Treasuries – stirring up fear … Read the rest of this entry »

Posted in Central banking, US economy | 33 Comments

All net jobs in US since 2005 have been non-standard

The Australian labour market has been characterised over the last 12 to 24 months by the dominance of part-time employment creation with full-time employment contracting. Over the last 12 months, Australia has produced only 84.9 thousand (net) jobs with 107.2 … Read the rest of this entry »

Posted in Labour Force, US economy | 3 Comments

US central bank decision to raise interest rates doesn’t make much sense

On December 14, 2016, the US Federal Reserve Bank pushed up its policy target interest rate from 0.5 per cent to 0.75 per cent. In its – Press Release – it said that the “labor market has continued to strengthen … Read the rest of this entry »

Posted in Central banking, US economy | 5 Comments