Tag: economics

Jobless America, Part 2

Part 1 For anyone who follows the news, stories of the improving job market are becoming increasingly common, such as how jobless claims are falling: Jobless Claims in U.S. Decline to Lowest Level in Four Decades …or how the unemployment rate is low: U.S. unemployment falls to 4.9% before election – Nov. 4, 2016 As… Continue reading Jobless America, Part 2

Jobless America

From inefficiencies arise opportunities. New York City (and probably the rest of America) circa the late 80’s had more crime but also more opportunity for everyone. Borrowing, real estate, and stock prices were dirt-cheap and entrepreneurial opportunities were abound. You could get a job in your early 20’s, borrow money to buy real estate and… Continue reading Jobless America

Small Criticisms of Trump’s Economic Platform

Although I am trying to give Trump the benefit of the doubt, there are some problems with his economic vision thus far: First, Trump is falling into the stimulus trap of creating short-term results at long-term expense: Economist Explains Why Trump Infrastructure Plan Will Be A Disaster For The Economy Trump’s infrastructure plan is another… Continue reading Small Criticisms of Trump’s Economic Platform

No, a Trump victory will not doom the US economy and stock market

A recession is the confluence of many factors that converge at roughly the same time. Trump being inaugurated will not suddenly cause producers to stop producing, consumers to stop consuming, and manufactures to stop manufacturing. Similarly, Britain leaving the EU in June of 2016 didn’t cause economic activity to suddenly stall, contrary to the predictions… Continue reading No, a Trump victory will not doom the US economy and stock market

Post-election rioting and crisis: It’s not going to happen

The media is entertaining the laughable premise that there may be rioting and revolting en mass should either Trump or Hilary become president. As I have said again and again, the media, by in large, is useless. It’s a giant time-suck that fools people into believing they are being informed, when it’s really about pushing… Continue reading Post-election rioting and crisis: It’s not going to happen

The Financial Media: It’s Still Useless

I respect Larry Summers as a maverick intellect – someone who exits the beaten path to express his occasionally politically incorrect views, but he seems to have fallen into the trap of ‘vague alarmist punditry’ that so commonly afflicts online financial journalism (and is why I long since stopped reading many news websites. I don’t… Continue reading The Financial Media: It’s Still Useless

Economics Misconceptions, Part 2

From James Altucher: FINANCIAL FRIDAYS: WHY TODAY IS THE DAY YOU HAVE TO REINVENT YOURSELF It’s going to be a shitstorm and I hope I have my umbrella. For the financial elite, it’s the best of times. For everyone else, maybe not so much, but by many metrics, living standards have improved. Never before has… Continue reading Economics Misconceptions, Part 2

Gatekeepers and Scarcity Will Always Exist

Errata: In yesterday’s post on NRx, it should have been ‘secession’ instead of ‘succession’ for #3. From tressiemc: The Logic of Stupid Poor People And not intermittently poor or formerly not-poor, but born poor, expected to be poor and treated by bureaucracies, gatekeepers and well-meaning respectability authorities as inherently poor. To be honest, many gatekeepers… Continue reading Gatekeepers and Scarcity Will Always Exist

Slow Economic Growth Not a Big Deal

From the NY Times: We’re in a Low-Growth World. How Did We Get Here? It seems like since 2009 there have been a plethora of articles bemoaning the ‘slow growth’ of the US economy. Or the usual headlines about the IMF revising its global growth forecast from 2.5 percent to 2.4887% …yaawn it’s all noise.… Continue reading Slow Economic Growth Not a Big Deal