Jul 30 2009
The Road to Financial Serfdom: The Official Disconnect of Main Street from Wall Street and the Financial Mainstream Media.
On Thursday with the S&P 500 inching closer to the 1,000 mark it is near impossible to silence the “recession is over” media hype. Of course, this is the same media that missed the biggest economic collapse since the Great Depression but here they are predicting the end of the recession. The problem of course [...]
Jul 28 2009
It’s the Jobs Stupid: Why There will be no Recovery until Employment Stabilizes. When Obvious Financial Truth Becomes Uncommon. New Nurses Competing with Old Nurses for Hours Because of Gender Unemployment.
It should be rather obvious that without any sustained job growth there will be no economic recovery. In the same breath, you will have someone tell you that this is no common recession yet when it comes to talking about the stock market they will tell you that in normal times, stocks recover before jobs. [...]
