Over at PostEverything. Bonus for OTE’ers: here’s an update of a figure I made awhile ago tracking Eurozone GDP, government spending (both in real terms), and unemployment. What I find revealing here is the fairly clear–for this sort of thing–initial increase in public spending to offset the downturn and the subsequent stabilization of GDP and… Read more
I told the (totally awesome) audience at the Tampa, FL meeting of the Council on Social Work Education that I’d post my presentation ASAP. Here it is. A few clarifications. YOYO=you’re on your own WITT=we’re in this together In case the video doesn’t work, go here and start at 1:40. And h/t to Chuck Sheketoff for… Read more
In today’s episode, we explore the concept of growth as necessary but not sufficient: over at PostEverything.
Those stalwart number crunching research economists at Goldman Sachs (i.e., not the traders) have a really interesting graph out this AM that packs in a ton of info on current growth pluses and negatives. The figure uses the Federal Reserve’s macro model (which is actually publically available now…and, yes, I will fire it up myself… Read more
Paul K’s agrees with me on the core aspects of my post yesterday regarding our persistent trade deficits as a barrier to full employment, but disagrees the dollars status as a reserve currency has much to do with it. Certainly the key part of all this is recognizing the damage done by trade deficits to… Read more