Monty Pelerin's World

Economic, Financial and Political Analysis

Tag archives for Unemployment Problem

High Unemployment Forever Or For A Long Time

The unemployment rate is unacceptably high. Officially it is reported at 9.2%. Unofficially, it is closer to 20% when the discouraged and underemployed are factored in. We are near Great Depression levels but without the discomforting sight of citizens standing in food lines. Instead, citizens are in grocery store lines with their government-issued credit cards [...]

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The Tragedy of Obamanomics

The monthly jobs numbers are both tragic and telling. Each report brings forth spin from the White House asserting how the economy has turned the corner and recovery is occurring. Nothing could be further from the truth! Jobs are not being created, certainly not at the rate which would be consistent with a recovering economy. [...]

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Full Employment in 30 Days

Bill Bonner of the Daily Reckoning has a plan for solving the economic problem.  He guarantees his plan will result in full employment in just thirty days. I am not so sure. It might actually take 60, but it would work. From Mr. Bonner: First, why are so many people unemployed? The answer is very [...]

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The Non-Recovery Recovery

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The Fed’s have thrown the Keynesian sink at the economic problem. The largest fiscal and monetary stimulus known to the world has not produced a recovery, despite what the media and Administration want you to believe. Here is just another example of unsustainable government spending that produces nothing, yet is counted as improving GDP. H/T [...]

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