May’s job report shows the beginning of the end for the recovery

Summary: First, the good news: the May number was awful but probably noise. Then the bad news: job growth is slowing fast. It's the among last economic metrics to roll over, suggesting that we're sliding to a recession somewhere ahead of us. But the US is not a "Starbucks Economy"; real wage growth is normal. … Continue reading May’s job report shows the beginning of the end for the recovery

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Trump & Clinton ignore America’s too-slow economic growth. We can change that!

Summary: Slow economic growth is among the most serious problems afflicting America. It's incontrovertible, expected to continue -- with broad and ill effects. Too bad neither of our major candidates are interested in talking seriously about it. We can change that, if we make the effort. An exaggeration, but it's a serious problem From the … Continue reading Trump & Clinton ignore America’s too-slow economic growth. We can change that!

Mining and manufacturing are in recession. Will America follow?

Summary: The mining and manufacturing sectors of the US economy have rolled over. Perma-bear websites publish lurid descriptions of the horrific effect this will have on the US economy. What's the truth? {2nd of 2 posts today.} (1) The manufacturing collapse Perma-bears often describe the manufacturing sector as in a downturn, sometimes as in a … Continue reading Mining and manufacturing are in recession. Will America follow?