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California And Janet Yellen Will Drive the Next Round of QE
Janet Yellen is the Vice-Chairman of the Federal Reserve. Ms. Yellen is from California. In California no economic recovery is taking place. This Spring, the Federal Reserve will need to decide on a...
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When Recovery’s Just a Word
I was disappointed last week when two of my favorite publications, The Economist and the Financial Times (both British) capitulated to the new recovery myth in the US Labor Market. I generally depend...
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To Eat and Survive in LA: On Track for a Million Food Stamp Users
Los Angeles County food stamp users are now on track to reach the 1,000,000 mark by later this year. After the California housing market cracked in 2006, and leading into the financial crisis of...
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Janet Yellen’s QE2 Promise Now Dying on the Vine, in California
California reported its April jobs data on Friday. The LA Times repeated the figure, laid out in the report from EDD, that on a year-over-year basis the state had created 144,000 jobs. What The LA...
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Noise, Not a Recovery
The State of California reported a loss of 29,000 non-farm payrolls in May. Actually, California added 88,000 jobs in May when using the total employment data for the month. However, as I have pointed...
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America the Jobless Ghost Ship Sails Onward
Total employment in the United States fell in June by 445,000 people, from 139.779 to 139.334 million. With this loss the average so far in 2011, tracking at 139.59 million, is closer once again to...
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Ceiling at 16: California’s Lack of Recovery
Total employment in California fell in June from 15.974 million to 15.910 million. The bigger story however is that, in addition to making a lower low in 2010, California employment never regained the...
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As California Headed Back into Recession, the San Francisco FED Was Declaring...
In February of this year John Williams, head of research at the San Francisco Federal Reserve, gave a speech at Stanford in which he asserted the US economy had finally recovered, with 2011 real GDP...
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How The European Endgame Will be the Death Knell for Modern Economics
Dear Readers: I’m currently writing a long-form post twice a month now for Chris Martenson’s excellent wesbsite. Accordingly, I’ll be publishing the first (and free) part of these essays here at...
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When Quantitative Easing Finally Fails
Dear Readers: I’m currently writing a long-form post twice a month now for Chris Martenson’s excellent website, Peak Prosperity.com. Accordingly, I’ll be publishing the first (and free) part of these...
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