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Monthly Archives: October 2011
Let Them Fail
Good jobs are in high demand these days. Yet, unfortunately, they’re in limited supply. Gone are the days when any old hack could show up with a tie and a smile, shuffle papers around a cubicle, surf the internet all … Continue reading
A Telling Sign of Things to Come
The Labor Department reported last Friday that 103,000 jobs were added in September. Considering the lethargic state of the economy, this number could have been much worse. Nonetheless, a quick scratch below the surface reveals the headline jobs number wasn’t … Continue reading
Posted in MN Gordon, Politics
Tagged bubble, business cycle, collapse, default, GDP, jobs, labor department
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The Way Out of Our Economic Mess
Something big is going on. You can just feel it. Unfortunately, the world’s two biggest clowns are on the case. On Monday, in between Wall Street’s 33 percent markdown of American Airlines’ stock, President Obama took a moment to markdown … Continue reading
Posted in Economy, Terry Coxon
Tagged ben bernanke, default, federal reserve, government action, jobs, retirement
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Lurching Back into the Vicious Cycle of Recession
Last Friday the Commerce Department announced that private sector wages and government benefits both fell in August. The combination of these two undesirable data points resulted in the first monthly decline in overall personal income since October 2009. What this … Continue reading
Posted in Economy, MN Gordon
Tagged 401K, federal reserve, interest rate, labor department, recession
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