Analysis Topic: Economic Trends Analysis
The analysis published under this topic are as follows.Saturday, June 05, 2010
U.S. Real Jobs Only Increase by 20,000, Unemployment Dips to 9.7% / Economics / Employment
This morning the BLS reported an increase of 431,000 jobs. 411,000 of those jobs were temporary workers for Census 2010. Headline unemployment fell .2% to 9.7%.
Hidden beneath the surface the BLS Black Box - Birth Death Model added 215,000 jobs.
Friday, June 04, 2010
A Primer on Austrian Economics / Economics / Economic Theory
The jurisdiction of economics extends far beyond the study of production and consumption of goods and services. The science of economics consists of the study of human action, interaction, and cooperation. Even if you accept the mainstream division of micro- and macroeconomics, at the most basic levels economics deals with how market agents make decisions and how these decisions affect interactions between individuals. Even the broadest of market trends, usually condemned to the realm of "macroeconomics," boils down to interactions between individual market agents.[1]
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Friday, June 04, 2010
Credit Expansion vs. Simple Inflation / Economics / Inflation
In dealing with the consequences of credit expansion we assumed that the total amount of additional fiduciary media enters the market system via the loan market as advances to business. All that has been predicated with regard to the effects of credit expansion refers to this condition.
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Friday, June 04, 2010
U.S. Economy Stalling as Easy Money Effect Wears Off! / Economics / US Economy
The evidence is coming fast and furious — and it all points in the same direction! Washington’s “bought and paid for” economic recovery is stalling out as the easy money effect wears off.
Just consider what we’ve learned in the past several days …
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Friday, June 04, 2010
Stubbornly High Unemployment Shows U.S. Economy Still Plagued by Jobless Economic Recovery / Economics / US Economy
Don Miller writes: While a surge in corporate profits reflect an improving economy, several government reports show that the United States continues to be plagued by a lingering "jobless recovery."
Most analysts, including President Barack Obama, are predicting a strong May jobs report due out today (Friday) with more than 500,000 new jobs added to the U.S. economy.
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Friday, June 04, 2010
What Do the ADP Employment Reports and CDO2s Have in Common? / Economics / Employment
The ADP National Employment Report estimate for May is an increase in private nonfarm payrolls of 55,000. Before revision, the April ADP estimated an increase in private nonfarm payrolls of 32,000, subsequently revised to an increase of 65,000. (Why does ADP revise its data? Does not the company know with certainty how many payrolls it processed in a month?) The first guess by the BLS for April private nonfarm payrolls was 231,000.
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Friday, June 04, 2010
Give Free Markets a Chance / Economics / Economic Theory
After watching The Financial Crisis Inquiry Commission's June 2nd hearing on credit rating agencies yesterday and reading Professor Raghuram Rajan's op-ed piece, (Bankers have been sold short by market distortions) in the June 3rd edition of the FT, I felt moved to rerun a commentary I wrote way back on July 17, 2008.
Given the economic and financial market "challenges" of the past year, some pundits and politicians are concluding that these challenges are the result of the failure of free markets. I would respond that we cannot determine whether free markets have failed unless we have had free markets. I do not think we have.
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Friday, June 04, 2010
Key Indicators of a New Great Depression II / Economics / Great Depression II
Neeraj Chaudhary writes: With the mainstream media focusing on the country's leveling unemployment rate, improving retail sales, and nascent housing recovery, one might think that the US government has successfully navigated the economy through recession and growth has returned. But I will argue that a look under the proverbial hood reveals a very different picture. I believe the data shows that the US economy is badly damaged, and a modern-day depression has begun. In fact, just as World War I was originally called The Great War (and was retroactively renamed after World War II), Peter Schiff has said that one day the world will refer to the 1929-41 era as Great Depression I, and the current period as Great Depression II.
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Friday, June 04, 2010
MasterCard Study Says Consumer Spending Has Taken A Break / Economics / US Economy
Michael McNamara, Vice President, Research and Analysis for SpendingPulse, observes Consumer Takes a Respite as Spending in Many Sectors Declines.
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Thursday, June 03, 2010
Europe Relapses into Economic Crisis / Economics / Euro-Zone
While most analysts and commentators in the Western world are working to affirm that the recovery progresses, Europe seems to live in a relapse of the global economic crisis. There are few stories that account for the implementation of austerity plans to reduce fiscal deficits and public debts in Greece, Spain, Italy, Portugal and even the UK.
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Thursday, June 03, 2010
Countdown to U.S. Economic Collapse / Economics / US Economy
Michael Snyder writes: So just how bad is the U.S. economy? Well, the truth is that sometimes it is hard to put into words. We have squandered the great wealth left to us by our forefathers, we have almost totally dismantled the world's greatest manufacturing base, we have shipped millions of good jobs overseas and we have piled up the biggest mountain of debt in the history of mankind.
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Wednesday, June 02, 2010
The Economic Impact of the Horrific Gulf Oil Spill / Economics / US Economy
As I watch from a distance the great catastrophe in the Gulf of Mexico, I think with great concern what the impact will be above and beyond the monumental environmental impact for the immediate areas.
Beyond the corporate and governmental blunders, blaming and dithering, we have to recognize what must be done and also what we face as a society.
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Wednesday, June 02, 2010
Trending Towards The Inflationary Economic Depression / Economics / Great Depression II
We believe an inflationary depression began in February of 2009, and little has changed. Since then factory output has increased, as have inventories and other outward signs, such as retail sales. We believe that one-year spurt is ending, unless a new stimulus program is put in place. This past week we saw a $78 billion addition to unemployment benefits and Larry Summers has said they need an additional $200 billion.
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Wednesday, June 02, 2010
Canada Leads Developed Nations in Emerging From the Great Recession / Economics / Canada
Don Miller writes: The Bank of Canada (BOC) today (Tuesday) raised its key interest rate, becoming the first Group of Seven (G7) central bank to raise rates since the global recession started in 2007.
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Monday, May 31, 2010
The Kondratiev Cycle: Where Are We Now? / Economics / Economic Theory
In one of the early issues of my newsletter, I wrote an article about the Kondratiev Cycle, an economic cycle which was first identified by Nikolai D. Kondratiev (1892-1938) an eminent Russian economist. The famous economist, Joseph Schumpeter, once said that the Kondratiev Wave is “...the single most important tool in economic forecasting.”
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Monday, May 31, 2010
Marc Faber on the Coming Economic Catastrophe Triggered by the Next AIG to Fall / Economics / Great Depression II
An hour long Presented by Marc Faber at "Austrian Economics and the Financial Markets," the Mises Circle in Manhattan in New York, New York. Includes an introduction by Mises Institute president Douglas E. French. We ain' t seen nothing' yet, says Marc Faber.
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Sunday, May 30, 2010
China’s Currency Manipulation About to Cause an Global Economic Trade War? / Economics / Global Economy
Tim Geithner, Hillary Clinton and 200 other American bigwigs visited China this week.
First on the agenda: China’s position on the rising tensions between North and South Korea.
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Saturday, May 29, 2010
European and U.S. Economies Falling Dominoes / Economics / Great Depression II
Attempting to fix an unfixable problem can create new problems. Why is the global economy unfixable in the current context? For one, the cause of the depression is never mentioned in the mainstream media or politicians. And when a disease is misdiagnosed, a prescribed medication creates new afflictions.
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Saturday, May 29, 2010
Amid the Financial Turmoil One Economic Indicator is Soaring / Economics / Global Economy
The financial world is coming unglued again. Greece has pushed the E.U. to the brink. Global stock markets are tumbling.And yet, at the same time at least one economic indicator is soaring. The Baltic Dry Index.
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Saturday, May 29, 2010
U.S., Canada, Germany and Japan Back to Pre-2003 Industrial Production Levels / Economics / Global Economy
An interesting chart from the Bank of Japan's latest monthly economic report.
Japanese capacity utilization is way down. Around 20% of manufacturing facilities are standing idle.
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