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Posts Tagged ‘Unemployment’

April 2013 Economic Overview

April 2013 Economic Overview

Following the recent spate of upbeat data, today’s consensus outlook (which I largely share) is that this year the economy may again grow about 2% and then speed up modestly in 2014.  Unemployment is expected to remain high and total business profits to slide a bit.  Federal Reserve forecasts, which have been chronically over-optimistic, do [...]

July 2012 Economic Overview

July 2012 Economic Overview

US Economy Bad employment reports continue, only 69,000 jobs created in May, unemployment hovers around 8.2%. Real personal income remains anemic and real disposable personal income is barely up for the year. These levels are normally associated with a recession. While the decline in gasoline prices since April help matters, the slow pace of [...]

January 2011 Economic Overview

January 2011 Economic Overview

Can the Euro survive? A break up would be even worse. Germany is fed up with paying for other country’s mess, and talk of a ‘Strong Euro Area’ is becoming commonplace.  Say Germany, Austria, the Netherlands and France set up the ‘strongs’ to reconsider their place in the union, maybe even create a two-tiered Euro? And, say Spain, [...]