Browsing Tag


Last week’s employment numbers

As with the GDP numbers last week, the employment numbers were very dubious indeed. The headline number was still a loss of 20,000 jobs. However, the detail point to likely revisions much beyond that number when more exact data have been…

Spain’s problems

There was heavy overbuilding in Spain as the global housing bubble caught fire there these past years. Now, Spain's bubble has burst and it is having dire economic consequences. The Spanish National Statistics Office released the most…

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