Posted on 20 October 2009. Tags: Banks, Jobs, Paul Krugman, Recovery, Wall Street
I will continue to post and argue, until proven otherwise, that there is no recovery–that it is a myth. I am an optimist by nature but I also believe in dealing with actual reality (I know, that is so 1960s). Here is why I love Paul Krugman: But there’s an even bigger problem: while […]
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Posted in General Interest
Posted on 04 September 2009. Tags: OECD, Recovery, Retirement
We are really going to have to push back against what the meaning of "recovery" is. I am sure you are reading the claims of "recovery" coming from various sources. Today, the OECD weighs in, via a report in The Wall Street Journal: The Organization for Economic Cooperation and Development Thursday said the global […]
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Posted in General Interest
Posted on 11 August 2009. Tags: Crisis, Jobs, Poverty, Recovery, Unemployment
I’ve been banging this drum for many weeks–we cannot take seriously the talk about "recovery" when the vast crisis of unemployment and under-employment is not being dealt with. Bob Herbert picks up this theme today: The official jobless rate is now more than twice as high — 9.4 percent — and even more wildly […]
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Posted in General Interest
Posted on 10 August 2009. Tags: Debt, Financial Crisis, Recovery
I’ve been a pessimist about the chatter about "recovery" and the foragers who seem to keep finding "green shoots" everywhere. I understand why the Administration has to trumpet any hopeful signs–it’s a political neccessity. But, I have pointed out repeatedly that I don’t see how we have a "recovery" given how deeply stressed out […]
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Posted in General Interest