Tag: financial crisis

A look at our government’s debt – rising because we like to spend

One of the great similarities of our economic downcycle and Japan’s two decade long journey to oblivion:  both are periods of economic stress caused by private sector deleveraging — in which the government mitigates the resulting pain by borrowing and spending.  Japan’s government has run up terminally large debts, on a gross basis equivalent aprox […]

Yes, it is a “mancession”, with men losing more jobs than women. Just like all recessions.

The past quarter-century has been an extraordinarily stable period for the economy (as we accumulated debt to maintain growth).  With only two recessions since 1982, both mild and brief, we’ve forgotten what recessions are like.   So we get analysis like this: “Mancession Continues: Male-Female Jobless Rate at Historic […]