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unemployment
Round-Up of Holiday Spending Surveys, Reports
If the following round-up of holiday spending surveys and news reports (with salient quotes) is anything to go by, those who have been counting on a V-shaped recovery in the (consumer-dependent) U.S. economy might want to reconsider:
Heeding the Populist Call
It’s clear that hostility towards Wall Street is increasing. Considering the well documented role that banks and brokers played in creating the mess we are in and the ways in which they manipulated the post-crisis clean-up to their advantage, the only real surprise is that it’s taken so long.
One reason, of course, is money. The [...]
Already in the Pipeline
It seems to me that one reason why most economists and Wall Street strategists haven’t quite figured out that things are not getting better on Main Street is because they are theorists rather than empiricists. That is, they make assumptions about what should happen when the Fed does this or Washington does that, instead of [...]
Flowing Uphill
Remittances are transfers of money by foreigners to their home countries. According to Wikipedia, these cross-border payments constitute “the second largest financial inflow to many developing countries, exceeding international aid.” In 2008, for example, Mexico’s central bank reported that money sent to that country from Mexican immigrants in the U.S. totaled $25 billion.
However, that sum [...]
‘The Good News Is Still Less Bad News’
Even though they create more than half of nonfarm private gross domestic product and employ half of all private sector employees, small businesses have borne a disproportionate share of the broad dropoff in demand and cutbacks in bank lending.
Raport o sytuacji na rynku pracy w USA (paźdz. 2009)
Raport o sytuacji na rynku pracy w USA – pazdziernik 2009
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