Tagged: depression

Mish in the morning (audio) 0

Mish in the morning (audio)

Here’s a wide-ranging interview of Mish Shedlock on King World News. A few take-aways: Even if the US economy adds a steady 100k jobs a month, unemployment will be flat at 10% indefinitely. The...

The best idea out of Washington in ages. 0

The best idea out of Washington in ages.

Maybe legislators are finally ditching Keynesianism for some real solutions, while acknowledging the reality of what is likely to be a decades-long slump: WASHINGTON—In a bold new measure intended to address unemployment among young...

Census employment nonsense 0

Census employment nonsense

Bloomberg is reporting that some lame-brain economists are excited about the employment boost of the 2010 census: Jan. 8 (Bloomberg) — The 2010 census couldn’t have come at a better time for the U.S....

The bears capitulate 28

The bears capitulate

I usually am not so sure about things, but the markets are looking very stretched at the moment. Sentiment among bears is of capitulation. Everywhere I go on the blogosphere, I see posts and...