Tag Archives: FED

When Quantitative Easing Finally Fails

Dear Readers: I’m currently writing a long-form post twice a month now for Chris Martenson’s excellent website, Peak Prosperity.com. Accordingly, I’ll be publishing the first (and free) part of these essays here at คาสิโนออนไลน์ ฟรีเงิน2019 www.anastasiaartdesign.com. Enjoy. — Gregor While markets await details on the next round of quantitative easing (QE) — whether refreshed bond buying from […]

How The European Endgame Will be the Death Knell for Modern Economics

Dear Readers: I’m currently writing a long-form post twice a month now for Chris Martenson’s excellent wesbsite. Accordingly, I’ll be publishing the first (and free) part of these essays here at คาสิโนออนไลน์ ฟรีเงิน2019 www.anastasiaartdesign.com. Enjoy. — Gregor ___________________________________________________________________________ Few modern economists would, for example, monitor the behaviour of Procter and Gamble, assemble data on the market for […]

As California Headed Back into Recession, the San Francisco FED Was Declaring Recovery

In February of this year John Williams, head of research at the San Francisco Federal Reserve, gave a speech at Stanford in which he asserted the US economy had finally recovered, with 2011 real GDP expected to expand by 4.00% and then by 4.5% in 2012. (see:? The Fed’s John Williams: recovery has achieved “liftoff”, […]

Ceiling at 16: California’s Lack of Recovery

Total employment in California fell in June from 15.974 million to 15.910 million. The bigger story however is that, in addition to making a lower low in 2010, California employment never regained the 16 million mark first achieved early last decade. This is yet another way to understand how the American economic system, while still […]

America the Jobless Ghost Ship Sails Onward

Total employment in the United States fell in June by 445,000 people, from 139.779 to 139.334 million. With this loss the average so far in 2011, tracking at 139.59 million, is closer once again to falling below 2010’s average, of 139.07 million. While you can easily see in the chart below an advance out of […]

Noise, Not a Recovery

The State of California reported a loss of 29,000 non-farm payrolls in May. Actually, California added 88,000 jobs in May when using the total employment data for the month. However, as I have pointed out over the past year, these oscillations are just noise. Our nation’s largest state faces a protracted, structural level of unemployment […]

Janet Yellen’s QE2 Promise Now Dying on the Vine, in California

California reported its April jobs data on Friday. The LA Times repeated the figure, laid out in the report from EDD, that on a year-over-year basis the state had created 144,000 jobs. What The LA Times did not clarify is that these were non-farm payrolls. For the fuller picture of the Golden State’s job market, […]

To Eat and Survive in LA: On Track for a Million Food Stamp Users

Los Angeles County food stamp users are now on track to reach the 1,000,000 mark by later this year. After the California housing market cracked in 2006, and leading into the financial crisis of 2007-2008, LA County food stamp recipients were registering at the 625,000 level in the Spring of 2008. March 2011 shows that […]

When Recovery’s Just a Word

I was disappointed last week when two of my favorite publications, The Economist and the Financial Times (both British) capitulated to the new recovery myth in the US Labor Market. I generally depend on London, not New York, to give me a better read on the US economy. This has been true for over two […]

California And Janet Yellen Will Drive the Next Round of QE

Janet Yellen is the Vice-Chairman of the Federal Reserve. Ms. Yellen is from California. In California no economic recovery is taking place. This Spring, the Federal Reserve will need to decide on a continuation of QE. To guide the FED on further QE, I believe Ms. Yellen is already looking at charts–such as the kind […]