Tag Archives: ECB

Quarterly Outlook Summary

The economy continues to grow. Unemployment is low and interest rates remain at zero. On the downside, labor force participation is the lowest since the 1970’s and continues to decline. Unemployment is declining because prospective employees have stopped looking for … Continue reading

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Quarterly Outlook Summary

In general terms, the overall economy continues to gradually improve. Labor unemployment and job creation is improving. Although consumer demand is also improving, this is moderated by consumers’ continuing to avoid debt and leverage that got us all into trouble … Continue reading

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Quarterly Outlook Summary

The markets recently have been modestly stable considering that the Federal Reserve has nearly ended its economic stimulus programs. One can always argue that given the still relatively weak growth of the economy, this ending of the stimulus is premature. … Continue reading

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OECD Finally Throws Austerity Overboard

By Ambrose Evans-Pritchard 8:26PM BST 16 Jul 2013 While the US jobless rate will continue falling to 6.7pc by the end of 2014 as recovery takes hold, the rate for the EMU currency bloc will rise to a fresh record … Continue reading

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How Austerity Has Failed.

by Martin WolfThe New York Review of Books Austerity has failed. It turned a nascent recovery into stagnation. That imposes huge and unnecessary costs, not just in the short run, but also in the long term: the costs of investments … Continue reading

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IMF Admits it Blew it with Austerity.

by Barry RitholtzJanuary 4, 2012 A number of folks are looking at the latest IMF paper as a startling admission of the failure of Austerity: “Consider it a mea culpa submerged in a deep pool of calculus and regression analysis: … Continue reading

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