recovery

Comstock Partners argues that while the stock market seems ready cheer any agreement that increases the debt ceiling and avoids a default, such cheering may be extremely short-lived as the economy sinks further under the burden of…

In this week’s Big Interview, Barton Biggs has a lot to say. What stands out and what the WSJ has stressed is his support for public works programs.

Since the recession in 1990-91, the recovery of employment in the US has had a U-shape that is nothing like the previous post-World War II employment recoveries. This one will be the worst.

Lakshman Achuthan of the Economic Cycle Research Institute (ECRI) explains his view to Anthony Mason of CBS that the problem in the US jobs market is not jut cyclical in nature.

I mean to ask how deep the downturn in your country was. On Tuesday, Martin Wolf had a good graphic on this. The upshot of his analysis is that while US GDP growth compares favourably to Japan and Western Europe, its unemployment compares…

As Jon Hilsenrath pointed out in Thursday’s Wall Street Journal Bernanke has already indicated that the hurdle to more quantitative easing is very high. This is not to say that QE3 is off the table forever. But QE3 will only become a…

The soft patch in and of itself is not a problem. There is always some sort of mid-cycle slowdown. The real problem for economic growth bulls (and risk assets) is that this particular soft patch is increasingly likely to be met with…

The gold-silver ratio (GSR) measures how many ounces of silver one can purchase for an ounce of gold, on a certain date. Reference to the ratio has a long history. One of the first mentions was that upon the death of Alexander the Great,…

Hat tip to Steve Keen for these jokes. This is how bad the economy is.

Dollar ended the week softer with AUD, JPY and SEK the strongest weekly performers in the G10. Fed introduces new level of transparency next Wednesday with regular press briefings. Euro likely to test December 2009 high, around $1.47, on…