Aug 16 2009
Why Budget Deficits Matter: Government at a $1.26 Trillion Budget Deficit for the 2009 Fiscal Year. Three Times as Large as Last Year and we still have Two More Months of Data.
The notion that deficits do not matter is a widely held and deeply ingrained economic philosophy. This line of thought took a stronghold in the 1980s and has seemed to stick to our ever-growing dismay. Yet budget deficits do matter if we are looking at an economic horizon that is longer than one fiscal year. [...]
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. [...]
