Category Archives: US economy

This category considers blogs that specifically analyse the US economy.

US economy – slowing down – fiscal stimulus needed

Last week (March 25, 2016), the US Bureau of Economic Analysis released their ‘Third Estimate’ of – Gross Domestic Product, 4th quarter 2015 – which showed that the US economy slowed rather appreciably in the last three months of 2015. … Read the rest of this entry »

Posted in US economy | 16 Comments

US labour market weaker now

Last week, the US Bureau of Labor Statistics (BLS) released the latest – The Employment Situation – February 2016 – and the data shows that “Total nonfarm payroll employment rose by 242,000 in February, and the unemployment rate was unchanged … Read the rest of this entry »

Posted in US economy | 5 Comments

Democrats in glass houses – you know the rest!

So-called US ‘progressive’ economists arena flap at the moment after Gerald Friedman, an academic economist at UMass released a report on January 28, 2016 – What would Sanders do? Estimating the economic impact of Sanders programs – which suggested that … Read the rest of this entry »

Posted in US economy | 11 Comments

The European circus continues

Yesterday, I briefly examined how a pack of big-noting financial market traders were trapped in stupidity by patterned behaviour and self-reinforcing group dynamics (aka Groupthink). Today, we consider the neo-liberal Groupthink that continues to trap political leaders and policy makers … Read the rest of this entry »

Posted in Economics, Eurozone, US economy | 11 Comments

The urban impact of the failure of austerity

I use the descriptor ‘failure’ in a selective way, although it is probably the meaning that that vast majority of citizens would ascribe to the term. In this context, I’m thinking that successful policy improves the lives of the most … Read the rest of this entry »

Posted in Britain, Demise of the Left, Economics, UK Economy, US economy | 22 Comments

US labour market appears to be marking time

Last week (December 8, 2015), the US Bureau of Labor Statistics published the latest – Employment Situation – December 2015 – and the data shows that “Total nonfarm payroll employment rose by 292,000 in December, and the unemployment rate was … Read the rest of this entry »

Posted in US economy | 9 Comments

Mental illness and homelessness – fiscal myopia strikes again

Yesterday, as I was going about my business in San Francisco, I passed a man lying in the gutter outside the Westfield Centre on Market Street (the swish multilevel shopping complex with some expensive label stores), who was poorly dressed, … Read the rest of this entry »

Posted in Economics, US economy | 25 Comments

Central bank propaganda from Minneapolis

My blog in the next week or so will be possibly rather holiday-like given the time of the year and the fact that I have rather a lot of travel and related commitments to fulfil over that period. So I … Read the rest of this entry »

Posted in Central banking, US economy | 27 Comments

There was no reason for the US to raise interest rates

Last week (December 16, 2015), the US Federal Reserve Bank raised its policy interest rate by 25 basis points (1/4 percentage point) for the first time since 2005. In its – Opening Statement – the Federal Reserve chairperson said that … Read the rest of this entry »

Posted in Central banking, US economy | 6 Comments

US jobs recovery biased towards low-pay jobs

Last Friday (December 4, 2015), the US Bureau of Labor Statistics (BLS) released the latest – Employment Situation Summary – November 2015 – which showed that “Total nonfarm payroll employment increased by 211,000 in November, and the unemployment rate was … Read the rest of this entry »

Posted in US economy | 7 Comments