DEBTOR NATION

VIDEOS

Wolf Richter On The Keiser Report
"Debtonomics and the NSA"

Wolf Richter on the Keiser Report
"Where Is The Fear"

Wolf Richter on Max Keiser's "On The Edge" 
"The Pauperization of America"

Wolf Richter on the Keiser Report
"Where the Money Goes to Die"

Clarke and Dawe: European Debt Crisis
Two favorite Australian Comedians

Clarke and Dawe: Quantitative Easing
Big industrial-strength printers, all facing the window

The Fastest Drive Ever Through San Francisco
Don't try to do this yourself
 

humanERROR - by "Frying Dutchman"
Powerful, lyrical appeal to the Japanese. Slams nuke industry, MSM, bureaucrats, and politicians.

Entries in Jobs (65)

Wednesday
Apr092014

America’s Structural Unemployment Crisis in Two Charts

It didn’t even start with the financial crisis. It started before the 2001 recession. But the strategy exploded in 2009, and it’s still getting worse.

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Saturday
Apr052014

This Chart Is A True Picture of How QE “Solved” The Unemployment Crisis In America

A very inconvenient chart. Inconvenient for the Fed – it turns their rhetoric upside down.

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Saturday
Mar222014

This Chart Is A True Picture Of the Unemployment Crisis In America

For the millions of unemployed Americans who are looking for a job, this economy is still a historic fiasco. And it’s getting worse again.

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Saturday
Mar082014

They Actually Don’t Have A Clue About Employment And Jobs, Not In California

California is at it again. It released its employment and jobs reports today, in parallel with the national reports released by the Bureau of Labor Statistics. What a doozie. Is the California boom already over?

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Tuesday
Feb112014

Why My BS-O-Meter Redlined In The Minimum-Wage War

“There is never a good time to raise the minimum wage,” explained Joseph Sabia, an associate professor of economics at San Diego State University. The Capitol Hill briefing was co-sponsored by the Employment Policies Institute, which is tied to the fast-food industry.

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Wednesday
Feb052014

Fed Flails About To Squash “Misleading” (Very Inconvenient) Unemployment Measure

The Fed uses the easing unemployment rate as proof that its heroic policies are successful and that Bernanke could ride off into the sunset with a nimbus above his head. Other official measures are less gung-ho. And the most important one has become the Fed’s nightmare.

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Thursday
Jan232014

Unglamorous End Of Largest Corporate Profit Bubble In History

The steep rise in income inequality is a consequence of a spectacular reallocation of income from labor to capital. It repressed wages and created the biggest profit bubble ever. But pressures are rising. The bubble will get pricked. There will be consequences.

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Friday
Jan102014

Lousy Jobs Data: Five Years Of QE Fail, Yet Fig Leaf For Taper

Today’s employment report is special. Exactly five years ago, the Fed kicked off its zero interest rate policy and QE to create the “wealth effect”: the elite would borrow for free and buy assets to drive up asset prices and make those people immensely rich; in return, they’d spend some crumbs of this new wealth, which would create jobs, say, at luxury retailers.

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Wednesday
Jan082014

“This Chart Is A True Representation Of The Employment Crisis In This Country”

There are millions of people in that category. And their numbers are growing, not diminishing.

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Saturday
Dec282013

Next Shoe to Drop in Broke California’s Lopsided 'Recovery'

If you come to San Francisco or Silicon Valley and look around, you’d think California is booming, that companies jump through hoops to hire people, that they douse them with money, stock options, and free lunches. And some do. But in other parts of the state?

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Wednesday
Dec182013

Single-Family Housing Starts Outrun Sales, Construction Jobs Stall, Multifamily Booms

By Lee Adler, The Wall Street Examiner: Looks can be deceiving. The way the media reports housing starts today, you’d think housing is booming. Total starts were reported at 1.09 million units. Consensus expectation was 950,000. Headline writers went nuts on that.

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Tuesday
Dec172013

CPI, Jobs, Hourly Earnings, Real Retail Sales Show QE-ZIRP Fail

By Lee Adler, The Wall Street Examiner: Since the 2009-2010 rebound, it has become abundantly clear that the apparent correlation between QE-ZIRP and economic recovery, if it ever existed, no longer exists.

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Tuesday
Dec172013

California: Outrageous Cost Of Living, Lousy Job Prospects

By Chriss Street: The Field Poll reported the number of Californians who believe the state is "one of the best places to live" dropped from almost 80% in 1985 to just over 40% today. Over 90% agree that cost of living is outrageous and job prospects are lousy.

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Saturday
Dec142013

Initial Claims, Retail Sales, and Job Openings – All Bad News

By Lee Adler, The Wall Street Examiner: Beneath the surface, some early signs of possibly ugly trends.

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Wednesday
Nov132013

Does QE Boost Employment? (Somebody Should Send This To Yellen)

By Lee Adler, The Wall Street Examiner: Overlaying raw employment data from the Bureau of Labor Statistics with the Fed’s balance sheet offers surprising insights. Brief must-see video with excellent chart and explanation. Somebody should send it to Yellen.

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Saturday
Nov092013

No Country For Young Men

By Don Quijones: Despite a miraculous economic “recovery,” EU-wide youth unemployment hit 24%. New records were set in Spain (56.5%), Greece (57.3%), Italy (40%), and France (26%). The warnings from history are clear: governments that allow youth unemployment to escalate, do so at their own peril.

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Wednesday
Nov062013

On The Surface, There’s Nothing Perturbing In The Challenger Job Cut Report

In terms of announced mass layoffs, 2013 is shaping up to be the best year since 1997. Overall, employers aren’t shedding lots of jobs. But glitter in some sectors covers up aggressive, permanent job destruction in other sectors – where the sky used to be the limit.

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Tuesday
Nov052013

Apple's 'Made-in-the-USA' Crusade

Jim Probasco, Benzinga Staff Writer: Perhaps in response to critics who accuse Apple of farming out most of its production overseas, the company announced it would build a new plant in Mesa, Arizona. One more in a series of new plants in the US.

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Wednesday
Oct302013

Politicians Are All Jabbering About Creating Jobs (Doing What?)

By James Murray: Computer power has reached the point where almost anything can be automated, and computer pricing has reached the point where it is profitable to do so. The world is undergoing a mega shift, and governments have no clue how to handle the problem.

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Thursday
Oct102013

Huge Jump in Initial Unemployment Claims Is Not About A Computer Glitch

By Lee Adler, The Wall Street Examiner: First time unemployment claims jumped as the effects of the chaos in Washington began to ripple through the economy. The media had some lame excuse about California’s reporting software being screwed up. But that doesn’t wash.

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