Monty Pelerin's World

The graph below is more evidence that this time is different: Share/Save Download article as PDF

From Calculated Risk’s Duration of Unemployment came the following graph: It is notable how high the longest unemployed category is. It dwarfs all similar and previous measurements. Calculated Risk points out [...]

Jim Quinn on Unemployment: Interesting post from Washington’s Blog on Naked Capitalism. I’m torn in my assessment of these figures. A major reason that the poor have a 31% unemployment [...]

Public pronouncements of economists, once they enter Washington, become virtually useless.  In order to serve, they must compromise their objectivity and support the goals and spin of the Administration. Of [...]

Economic conditions are bad. No one except a political lackey would attempt to argue otherwise.  A post in American Thinker by Randall Hoven dealing with unemployment is reproduced below.  The [...]

Rolfe Winkler posts on gold and states: “Gold is surging because investors see that the Federal Reserve — more concerned with deflation and unemployment than sound money — may be [...]

An earlier version of this article appeared on American Thinker today. Dr. Alan Blinder, Professor of Economics at Princeton and former vice chairman of the  Federal Reserve Board (amongst many [...]

An earlier post discussed the perilous condition of New York state. Tyler Durden had a similar post a few days ago. Interestingly, in his post, NY state was not considered [...]

Image by Seattle Municipal Archives via Flickr David Rosenberg posts today on unemployment, estimating it going up to 12 – 13%, as measured by U3. It is currently 10.2%. Another [...]

Image via Wikipedia Good job numbers today — NOT! Once again we have the headlines and reality diverging. Karl Denninger provides an analysis of why the job situation is worsening [...]

That we are in an economic mess is well known. That the so-called economic policies applied by Washington will do little to correct the problems (indeed, they will exacerbate the [...]