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.  […]

Jul 7 2009

The Second Derivative: Employment and the Mounting Job Losses. Measuring the Velocity of Job Cuts in the Current Recession.

In addressing the unemployment situation it is important to look at the velocity of job losses.  In January of 2009 we had a stunning 741,000 jobs lost in one month.  This by far was the biggest one month cut during the current recession but it wasn’t the biggest one month change.  The worst month came […]

Jul 2 2009

Employment Situation: Job Anti-Growth – A Decade with Zero Net Added Jobs. 131 Million Nonfarm Payroll Employment in June of 2000. 131 Million Nonfarm Payroll Employment in June of 2009. 6,460,000 job losses since start of Recession.

The so-called second half recovery got off to a rocky start.  The market was expecting 367,000 job losses for the month of June but instead got 100,000 more than expected.  The market quickly turned sour as 26,000,000 Americans are now unemployed or underemployed in the job market.  Yet what is even more troubling is the […]

Jun 24 2009

$100,000 a Year Will Make you Go Broke with the California Tax System: Why California is a Fiscal Disaster. Broken Tax Structure built on Bubbles.

It is amazing how little attention on a national scale the California debacle is getting.  California alone is the 8th largest economy in the world and contributes $1.8 trillion a year to the national GDP.  In the mainstream press, all you hear is sound bites of “there goes California” yet the state is teetering on […]

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