Just wondering — where is Ed Lazear when you need him? Figure 1: Log nonfarm payroll employment normalized on 2009M06 trough (blue), and on 2001M11 trough (red). NBER defined troughs. Source: BLS via FRED, NBER, and author’s calculations. Normalizing on beginning of administrations yields this figure. Figure 2: Log nonfarm payroll employment normalized on 2009M01 beginning of Obama administration…
“Now listen to the first three aims of the corporatist movement in Germany, Italy and France during the 1920s. These were developed by the people who went on to become part of the Fascist experience: (1) shift power directly to economic and social interest groups; (2) push entrepreneurial initiative in areas normally reserved for public…
QUESTION: Martin, While I clearly understand your reasoning for deflation in the US allied to a very strong dollar; does the opposite apply to those countries, like the UK and European economies where their currencies are likely going into freefall? Keep up the brilliant work. Is the movie coming to the UK? AB ANSWER: Yes….
The reason there is a terrible financial cataclysm ahead is that mainstream thinking has degenerated into outright quackery. Just read the drivel coming from financial journalists and pundits these days; and recall that the latter are little more than repeaters and amplifiers, passing along to their readers what politicians and policymakers are thinking and saying. Take the case of Clive Crook,…
Today’s US employment report was the best in years. 300,000+ new jobs, rising wages, fewer people dropping out of the workforce, the whole package. Very hopeful. And also curious, since the rest of the world seems to be moving in the other direction. Consider: British workers suffer biggest real-wage fall of major G20 countries ECB Sharply Cuts…
“Backed not only by his party but by thousands who had belonged to other parties or belonged to no party at all, Andrew Jackson was compelled to fight every inch of the way for the ideals and the policies of the Democratic Republic which was his ideal. An overwhelming proportion of the material power of…
And I don’t mean in stocks, although a possible ramp job (ref. Semi and Bio momentum) has been part of the plan there as well. NFTRH first introduced the Machine Tools data per the graph below from EDA a couple months ago after I talked with a former associate who advised that equipment sales were soft. But…
In recent years, a number of Asian companies have been betting that Canada will be able to export cheap liquefied natural gas (LNG) from its west coast. These big international players include PetroChina (PTR) Mitsubishi (MTU), CNOOC (CEO), and, until December 3, Malaysian state-owned Petronas. However, that initial interest is decidedly on the wane. In…
Biggest Jump In Wages In Seventeen Months Nothing is ever cut-and-dried on Wall Street. While Friday’s employment figure easily exceeded expectations, the wage figures increase the odds of the Fed stepping in sooner rather than later. From Bloomberg: The 321,000 advance in payrolls exceeded the most optimistic projection in a Bloomberg survey of economists and followed a…
Possible Side-Effects of Plunging Commodity Prices – A Look at Russia One of our readers wrote to us with a question on a topic that will surely be of interest to a wider audience. Here is what he asked: “As FX reserves dwindle, surely there is some potential that Russia may be forced seller of…
