Despite a modest recovery the last few months, the U.S. labor market remains depressed as this chart over the employment to population ratio illustrates. Now again the myth that this is caused by machines displacing...
It has become something of an annual tradition at this blog to summarize the yearly movement of a number of important currencies. This year, most currencies didn’t change very dramatically against the U.S. dollar...
The death of North Korea’s dictator Kim Jong-il and his replacement with his son Kim Jong-un, rattled Asian markets in general and South Korea’s in particular. Something that one wouldn’t think should...
I noted in October the irony of blaming the U.S. trade deficit on China’s policy of a semi-fixed exchange rate considering that the yuan has in fact been far stronger than that of non-Japanese Asian countries with...
I have repeatedly called into attention the fact that the income based numbers gross domestic income/national income have been a lot weaker the past few years than the expenditure based gross domestic product/net...
Matt Rognlie attacks monetarism and more broadly the belief that money matters, which Austrians also believe indeed, even more so than the so-called monetarists. I am more of an Austrian than a Friedmanite, so I feel no...
Remember how Keynesian Larry Summers said that the earthquake/tsunami in Japan was bad because so many people were killed but that it had the silver lining of stimulating the Japanese economy? Now we see that industrial...
The super-weak U.S. dollar is having a predictable effect on import prices, as they rose 2.7% in March 2011 from February 2011, 9.7% from March 2010 and 22% from March 2009. These increases are mostly driven by higher...