Unnatural Disasters: Jobs, Wages, And Savings

The employment numbers that came out today (Friday) were very bad and caught most economists and analysts by surprise. Nothing the Fed has done has worked. Once again the ranks of the unemployed grow, wages flatten out, manufacturing weakens, GDP declines, and savings are spent to maintain lifestyles. The U.S. and much of the rest [...]

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Are People Really As Confident As The Polls Show?

Despite recent polls that show confidence is at a seven-month high, I get the feeling that many Americans are actually worried about their future. When I say most Americans I am talking about solid middle-class folks who are earning median or above-median incomes. Gallup showed in a recent poll that the people’s top concerns were still, [...]

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