James Grant Explains "The Forgotten Depression"
http://mises.org/library/james-grant-explains-%E2%80%9C-forgotten-depression%E2%80%9D
Joseph Calandro Jr. (15 December 2014)
The Forgotten Depression: 1921 — The Crash That Cured Itself, by James Grant, Simon & Schuster, 2014.
To better...
USA Today: The Economy Needs High Oil Prices
http://mises.org/blog/usatoday-economy-needs-high-oil-prices
Ryan McMaken (11 December 2014)
Today's USA Today includes a Q and A about falling oil prices:
A: Oil prices are collapsing. Consumers are pouring less of their money into their gas...
WASHINGTON (MarketWatch)—Men have finally regained the jobs they lost during the Great Recession, with their employment level in November surpassing where it was seven years ago, government data show.
On Friday the U.S. Labor Department released its latest monthly snapshot of the labor market...
Here we go, the Economy fundementals are strong and I believe EVERYTHING Dubya and McCain say! :rolleyes:
These numbers are bad... considering the Government HIRED MORE people than any other month this year... so it DILUTES the NUMBERS of REAL, Producing JOBS...
This late 2001 article covers another economic fallacy-that (hyper)consumerism is what keeps an economy going, especially the US.
Spending oneself into debt by maxing out credit cards and taking out loans that (s)he cannot afford to pay back is not good for the economy, despite what many...
What's scary the street was looking only for 5.7%
Rumors had the figure coming in at 5.9%
BOOM: 6.1% UNEMPLOYMENT!
http://www.reuters.com/article/ousiv/idUSN0439189920080905...
I encourage you all to look at shadowstats.com which puts together government data as it was before the government started manipulating it. If you look at the GDP data, you can tell that we are in the 2nd dip of a double-dip recession which began in 2000, and it is still worsening...