If this isn’t Fed-speak for a politically induced depression I don’t know what is. Republican politicians & neoliberals …
The jobless rate would have been nearly 5 percentage points higher, if workers were classified differently during the survey data collection,
The depression is coming. Unfortunately, many will not even know how bad it is as the corporate media will hide it. Here is the deal.
We are careening toward the same sort of crash we had in 2008, and possibly as bad as 1929 given the current conditions of Americans and the economy.
One definition of insanity is doing the same thing over and over again and expecting a different result. Britain elected a conservative government that immediately adopted an austerity policy. They are now entering their 3rd recession since the economic crisis, a triple dip. Spain attempted austerity and as reported in the Bloomeberg’s piece “Adios Austerity, […]
Richard Wolff gives one of the most informative pieces of our economic dilemma.