by Dave Johnson | Jul 13, 2011 | Blog, Economy
Yesterday we learned that the trade deficit exploded in May, especially (as always) with China. The other side of our increasing imports is our increasing exports. The dollar is down against some currencies, putting us in a stronger position. Some countries are doing...
by Dave Johnson | Jul 10, 2011 | Blog, Economy, Making it in America
Negotiating with crazy people is always a bad idea and negotiating with hostage-takers is dangerous. But negotiating with crazy hostage-takers is worse than dangerously bad. The “debt-ceiling” deal being negotiated to keep the economy from being crashed could crash...
by Dave Johnson | Jul 10, 2011 | Blog, Economy
In the middle of the worst job crisis since the Depression many Democrats forgot about jobs and got all in a tizzy about cutting budgets. All the usual suspects made a lot of noise about deficit reduction, and the cocktail-party and dinner-party circuits all knowingly...
by | Jul 8, 2011 | Blog, Economy
If the topline numbers of today’s jobs report weren’t depressing enough, consider some other facts that, taken together, strongly suggest that we are in a serious economic crisis. Let’s start with the basics. The unemployment rate crept up to 9.2% in June. Only 18,000...
by Sam Pizzigati | Jun 27, 2011 | Blog, Economy
'Asset bubbles' have been roiling our economy ever since America's wealthy started supersizing three decades ago. But another bubble, this one enveloping those wealthy, may be just as essential to understand. America’s corporations, the latest stats show, have been...
by | Jun 21, 2011 | Blog, Economy, Minimum Wage
With unemployment at a near historic high in the United States, could you imagine any American company bringing in foreign workers to work for them below the minimum wage and with no benefits? Most people would say no. But can you imagine those same Americans forcing...
