They now see this as a bearish development. 

Since the beginning of the Covid epidemic, the US economy has performed better than European economies and the Eurozone average. This comparison is useful, and not just for boasting rights. Fiscal policy in the USA and in the Eurozone has been dramatically different – The US Federal Government implemented Six very large fiscal stimuli: The CARES act signed into law by Donald The bipartisan (Manchin) stimulus enacted In December 2024 signed...

Mainstream Economics Ignores Credit's Role.

 – by New Deal democrat The JOLTS survey parses the jobs market on a monthly basis more thoroughly than the headline employment numbers in the jobs report. In July, it painted a picture of what looks like pretty relentless deterioration. The theme for three of the four data series I track was the same: job openings, hires, and quits, all had their lowest or second lowest readings since the start of 2021. In the case of the “second worst” hires...

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If not, you should be . . . The concentration is on Catlin and how to stop her. Opposing players are using tactics as simple as running into her and knocking her down. Tangling arms and wrestling the ball away are in vogue to disrupt her play. Since it is pro-basketball, more is allowed. Still, the fouls are called . . . Catlin Clark is an economic asset to women’s basketball. The crowds turn out to games when their teams play the Indiana...

Mainstream economists believe climate change will have a trivial impact on the economy. This is a common misconception. It’s like saying a small leak in a dam won’t matter because the water level is still low. But what happens when that leak becomes a flood? A 10°C rise in temperature would submerge Florida. It would devastate agriculture worldwide. Ignoring these facts is like ignoring a fire in a crowded theater. You might think it’s just a small flame....

Stimulus opponents — people having high IQ but no clue The stimulus opponents’ argument boils down to this striking claim: When the government spends borrowed funds now, consumers will realize that the resulting debt spells higher taxes in the future, which will lead them to curtail their current spending. Those cutbacks will offset the increased government spending dollar for dollar, leaving no net stimulus … There may be people who would actually spend...

Blog The New Economics Podcast autumn reading list What to read to understand some of the biggest challenges we face - and how to build a better world By Katrina Gaffney 04 September 2024 If we want to build a fairer, greener world, we need to...