Category Archives: US economy

This category considers blogs that specifically analyse the US economy.

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 | 23 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 | 25 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

Our affect is driving us back to a need for continuous fiscal deficits

The field of psychology is usually ignored by mainstream economists, which, in its typically arrogant and closed practice, adopts a series of a priori assumptions about human behaviour – the so-called Homo economicus – where were are always rational and … Read the rest of this entry »

Posted in Britain, Economics, Fiscal Statements, UK Economy, US economy | 11 Comments

Using welfare systems to hide the problem of deindustrialisation

There have been lots of E-mail requests overnight for commentary on the US election result. I think that space is pretty crowded at present – with Clinton supporters trying to reconstruct events to defray their responsibility (a denial strategy), in … Read the rest of this entry »

Posted in Economics, Eurozone, UK Economy, US economy | 19 Comments

US employment falls in October signalling increased weakness

After last month’s US Bureau of Labor Statistics employment data (for September) I assessed that – The US labour market is nowhere near full employment. This was in the context of overtly political (ideological) and ridiculous statements made by the … Read the rest of this entry »

Posted in Labour Force, US economy | 1 Comment

The US labour market is nowhere near full employment

The president of the Federal Reserve Bank of San Francisco, John C. Williams pronounced in a recent speech (September 6, 2016) – Whither Inflation Targeting? – that “We’re at full employment”, meaning US economy that is. He must have access … Read the rest of this entry »

Posted in Labour Force, US economy | 4 Comments

US labour market in an uncertain limbo

Last week, the US Bureau of Labor Statistics released the August 2016 – Employment Situation – which showed that total non-farm employment rose by only 151,000 and the unemployment rate remained steady at 4.9 per cent. Employment growth was well … Read the rest of this entry »

Posted in US economy | 3 Comments