On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
Must Read Post #1
The Big Picture $4 trillion dollar hangover is also Bloomberg's chart of the day. Below is the ratio of mortgage debt to residential asset values.
Must Read Post #2
Paul Krugman asks is there a jobs mystery? He points us to the below chart, which I hope to look at deeper. For now it appears output has become spiked, starting in 2000 (can you say bad trade deals, China PNTR and offshore outsourcing?) in comparison with recessions of the past. The below graph is non-farm, Krugman has business, but the pattern remains. Notice the reduced output aligning with the grayed recession period and notice the output spikes are increasing, starting in 2001 to the unbelievable spike today. Also notice this recession cycle end date is not official. The grayed areas are the current probable end date.
Today the ECRI Weekly Leading Index was at 9.8%. Notice from the graphs below, (fxmarketalerts.com), this index was -10% around the start of this recession.
On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
Must Read Post #1
The Big Picture overviews a Time magazine article that was not online, which shows lobbyists bought our government in 2009 for $3.49 billion dollars. Gee, that's about as cheap as Manhattan was in 1626 (60 guilders).
The Atlantic Monthly investigates a new breed of debt collectors. Seems they are buying debt that either isn't legal or people don't even know about and doing some additional illegal things trying to squeeze some money out of these people.
The most absurd thing is happening. Claiming to push exports, President Obama is planning on pushing a host of policies that are well documented to offshore outsource jobs and displace U.S. workers. On Obama's export council is Verizon, a notorious labor arbitrager. Ford, Disney, Pfizer (another notorious offshore outsourcer of advanced R&D), and Dow Chemical are also appointed.
He’ll have to push new trade agreements, higher quotas for skilled foreign workers, and tougher enforcement of intellectual-property rights.
On what planet, besides a made up one, does someone believe displacing a U.S. worker with a foreign guest worker helps U.S. workers get jobs? Of course firing Americans and replacing them with cheaper labor does not create U.S. jobs for American workers. Evidence of U.S. workforce displacement through global labor arbitrage is overwhelming. The top users of foreign guest worker visas are offshore outsourcers and even the GAO has documented the displacement and wage repression of U.S. workers.
On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
Must Read Post #1
Calculated Risk has a series of sovereign debt and default. In three parts:
The rich are walking away from their mortgages much more than the middle class and poor. I guess a sense of duty, ethics and personal responsibility in today's world just doesn't pay.
On The Economic Populist you might have noticed the right column. We try to list other sites and blogs who have exceptional insight and writing on what is happening in the U.S. economy.
Sometimes though, one cannot say it better but miss those who did.
Must Read Post #1
The Wall Street Journal piece, Extend and Pretend, shows Commercial Real Estate loans are being manipulated to keep the losses off the books and loans out of default.
Restructurings of nonresidential loans stood at $23.9 billion at the end of the first quarter, more than three times the level a year earlier and seven times the level two years earlier. While not all were for commercial real estate, the total makes clear that large numbers of commercial-property borrowers got some leeway.
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
On Obama's 
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