Having reflected on this week’s ‘not so good’ jobs data I can come to only one conclusion: we need, as a matter of urgency, to push through a second stimulus package. Those of us who thought that the original package was far too small and poorly constructed are on the verge of being vindicated. And… »
Considering that most analysts were expecting a figure of around 325,000 jobs lost in June, today’s report that the economy shed 467,000 comes as a nasty shock. What makes it worse is that the losses were spread across all industries so we cannot blame a specific… »
This morning’s release of the monthly ADP Employment Report adds some fuel to the green shoots argument. The story is the same as that we’ve been following for a couple of months now: things are getting worse less slowly. I suppose that means things are… »
I normally don’t do this here.
But.
This is just plainly stupid. It is so far from anything even vaguely sensible, legitimate, or responsible that I had a hard time taking it… »
This has been a fairly quiet week for news. Everyone seems to be headed for a break earlier than usual, maybe hoping that the entire recession has been a bad… »
One of the fallacies being thrown around in the health care debate, such as it is, concerns the damage that would be done to the free market by the introduction… »