Employment Growth is Stagnating

The Bureau of Labor Statistics announced this morning that the economy created 54,000 jobs in May.  This compares to economist expectations for 160,000 jobs created.  Separately, the unemployment rate rose to 9.1%, while economists had expected a decline to 8.9%. ...

Top 5 Problems Facing the Economy 5

The final problem among my “Top 5 Problems Facing the Economy” is endemic unemployment.  By “endemic,” I mean that the Great Recession seems to have created a permanent change in the employment landscape of the First World. During the deep and...

Top 5 Problems Facing the Economy 4

Among the top five problems facing the economy is politics trumping what needs to be done.  In the government space, I consider the following to be big problems: Continued deficit spending and growing national debt Lack of a coherent foreign policy – including...

Top 5 Problems Facing the Economy 3

This is part 3 in a series of 5 posts all part of the same headline, “Top 5 Problems Facing the Economy.”  I feel that the number 3 problem facing the economy is the lack of financial market transparency. Given the first two problems, lack of ethics in...

Top 5 Problems Facing the Economy 2

Today I will write about what I feel is the number 2 problem of the top five problems facing the economy: chronic fat – that is, consuming beyond our means.  This problem manifests itself throughout various levels of society. Governments around the world, like the...