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More Government Equals Fewer Jobs |
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Written by Peter Schiff
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Friday, 05 February 2010 |
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With today’s unexpected decline in December payrolls, the cry for more job-related stimulus will grow even louder. But the sad truth is that any new stimulus or jobs bills will ultimately swell the ranks of the unemployed, thereby raising calls for an even bigger federal effort. If we are not careful, government regulations, subsidies, and spending, all designed to fight unemployment, could push the labor market into a death spiral.
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On currencies, global trade imbalances, money creation, and the GDR |
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Written by Mike Rogue
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Friday, 05 February 2010 |
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Thinking about currency and money creation in the past few days has lately caused me to make some thought experiments on world trade, and in particular, the recently proposed idea of a global currency. Now I don’t normally go about making these thought experiments, so please let me know if I am missing something, or making some lapse in causation. If anything, I think I’m beginning to get the arguments of Marshall Auerback.
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Fed Watch: Devil's Advocate |
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Written by Mark Thoma
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Friday, 05 February 2010 |
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Tim Duy tries to explain why the Fed might be hesitant to pursue a more aggressive policy stance:
Devil's Advocate, by Tim Duy: Commentators, including myself, have been critical of a Federal Reserve policy stance that appears to place uncertain inflation concerns ahead of a very real unemployment problem.
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Written by Comstock Partners
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Thursday, 04 February 2010 |
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As we have expected ever since the emergence of the Dubai crisis, sovereign debt problems have come to the fore as a major threat to the global economy and financial system. The catalyst was renewed fears that Greece and Portugal will not be able to fund their deficits without a bail-out following the failure of a Portuguese bond auction. As a result world stock markets plunged, Southern European bond yields soared, the Euro plunged and the spreads on credit default swaps (CDS) hit record highs for a number of countries.
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Last Updated on Friday, 05 February 2010 |
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Written by John Browne
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Friday, 05 February 2010 |
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President Obama's State of the Union message only serves to reinforce my forecast that investors will continue to find better returns in markets outside America and in currencies other than the U.S. dollar. Indeed, the reward gap may well increase.
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Economic Forecast 2010-2011: Looking Better |
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Written by Dr. Bill Conerly
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Friday, 05 February 2010 |
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I just updated my economic forecast, taking into account the new GDP data released by the government last week. Fourth quarter growth came in stronger than I had expected--and everyone has been telling me I'm an optimist!
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Jobs Market Recovery Now Underway? |
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Written by Leo Kolivakis
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Friday, 05 February 2010 |
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Tavia Grant of the Globe and Mail asks When will employers start hiring?:
It's a key question for the economy this year as the recovery enfolds: When will employers start hiring again?
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Spain / Portugal - And The Risk Of Contagion |
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Written by David Spurr
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Thursday, 04 February 2010 |
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What's making this decline and bout of selling and fear so serious ? IMO, the threats and risks are real and will become evident in other areas of the world as well. The threats don't exist soley in other countries, but also here at home. I believe that cities, towns , and states will face the same issues.
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