inequality

In an interview with Louis James, the inimitable Doug Casey throws cold water on those celebrating the economic recovery.

On the issue of the bifurcation of society and the widening income gap in the U.S., and the strains appearing from the factory system in China that have recently been highlighted, there is useful commentary that comes from a surprising…

Down with the Eurozone - Nouriel Roubini - Project Syndicate For the last decade, the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) were the eurozone's consumers of first and last resort, spending more than their income…

By Rick Bookstaber In a recent post I discuss six policies that spurred the Industrial Revolution in England – opening up immigration, weakening the guilds, investing in infrastructure, privatizing agricultural land, forcing a move to new…

Great data from from the BLS. The average annual wage in New York’s financial industry more than tripled from 1990 to 2009.

Since everyone is talking about increased wealth and income disparities in the US, it is useful to have some numbers to point to. You saw yesterday’s chart of the day on income as measured by 2008 tax returns. Today’s chart of the day comes…

Here’s a nice little graphic from the site Visualizing Economics on the US income distribution as measured by income from 2008 tax returns.

We are seeing the specter of instability in the growing protests of income inequality, economic distress of the middle class, and economic and political power of the very wealthy. There is Occupy Wall Street in the U.S., and similar…

Here are the important extracts from a recent paper in terms of the causes of the crisis. I have also embedded the full pdf version, which has suggested policy prescriptions as well.

Former George W. Bush official Pippa Malmgren does a good analysis for Bloomberg of the issues important to voters and how they will play in this year's presidential election