Showing posts with label Great Recession. Show all posts
Showing posts with label Great Recession. Show all posts

Tuesday, July 7, 2015

Lousy "Recovery," Stellar Grades

July 07, 2015 Associated Press , economic decline 0 Comments

AP CALLS CRIPPLED ECONOMY ‘HEALTHY’ AMID MASS IMMIGRATION

By Katie Mchugh, July 5, 2015,
Breitbart

In a grim report detailing America’s severe economic decline, the Associated Press brushes off two crucial factors: Mass immigration and Obamacare’s grip on employers.

Pay is sluggish. Many part-timers can’t find full-time work. And a diminished share of Americans either have a job or are looking for one.

Yet in the face of global and demographic shifts, this may be what a nearly healthy U.S. job market now looks like.

An aging population is sending an outsize proportion of Americans into retirement. Many younger adults, bruised by the Great Recession, are postponing work to remain in school to try to become more marketable. Global competition and the increasing automation of many jobs are holding down pay.

More: http://www.breitbart.com

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Thursday, May 21, 2015

Ah, Bad Fiscal AND Monetary Policy?

May 21, 2015 CNBC , Daniel Alpert 0 Comments
Why The US Can't Shake Off The Great Recession

By Daniel Alpert, May 20, 2015, CNBC

Ever since the Great Recession, the first quarter has brought with it dramatically lower economic activity in the U.S., resulting in significant downgrades to annual growth forecasts. This year was no different, and now we are seeing strong evidence that this year's slump threatens to move beyond the winter months.

Many have characterized the U.S. economy's inability to grow robustly as an expected after-effect of a severe cyclical downturn. Such interpretation is well past its sell-by date. It's time to recognize that globalization has brought with it issues that defy cyclical economic prescriptions. We need to move beyond wishing that this monumental shift can be resolved by conventional measures and form a consensus leading to more effective policy.

Read the full story: www.cnbc.com

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